SNOW Stock: BUY Call - Blowout +37% AH AI Inflection Q1 FY2027

SNOW Stock: BUY Call - Blowout +37% AH AI Inflection Q1 FY2027 Snowflake delivered a triple beat after the close: product revenue $1.33B (+34% YoY), adjusted EPS $0.39 vs $0.32 Street (+22%), and a meaningfully raised FY27 guide (from $5.66B to $5.84B). Net revenue retention came back to 126%, customers >$1M ARR reached 779 (+29% YoY), and management signed a $6B multi-year strategic AWS partnership. Stock ripped +37% in after hours. VERDICT: BUY (Conviction 4/5 STRONG) - Buy below $220 | Hard stop $180 | Avoid above $280 - Current price $175.26 | AH print $240.20 KEY METRICS Q1 FY2027: - Total Revenue: $1.39B (+33.5% YoY, +5.1% beat) - Product Revenue: $1.33B (+34% YoY) - Adjusted EPS: $0.39 vs $0.32 Street - Non-GAAP Gross Margin: 75.1% - Non-GAAP Operating Margin: 11.9% - Adjusted FCF Margin: 19.1% - NRR: 126% - Customers >$1M ARR: 779 (+29% YoY) GUIDANCE RAISED: - Q2 FY27 Product Revenue: $1,415-1,420M (vs $1,378M consensus) - FY27 Product Revenue: $5.84B (31% growth, raised from $5.66B / 27%) - FY27 Op Margin: 13.5% CEO Sridhar Ramaswamy: "Q1 marks a clear inflection point in AI adoption with over 13,600 accounts now using Snowflake AI capabilities." Charged Alpha is more bullish than consensus; we see the $6B AWS deal as a structural moat-extender. Not Financial Advice - Informational Only