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What's Going On With Snowflake Stock Thursday?

Benzinga•December 04, 2025 at 11:36 AM•Full Content

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Gist

Snowflake stock fell despite strong earnings, as weak guidance overshadowed results, while new AI partnerships with AWS, Accenture, and Anthropic highlight strategic growth initiatives.

LLM Summary

Snowflake reported better-than-expected Q3 earnings and revenue but saw its stock decline due to a disappointing outlook and slowing product revenue growth. The company announced major expansions in partnerships with Amazon Web Services, Accenture, and Anthropic, including a $200 million deal to integrate Claude AI models across its platform and enable enterprise AI agent deployment. These collaborations underscore Snowflake’s push to lead in the AI data cloud space despite near-term financial concerns.

Full Article Content

Snowflake Inc. (NYSE: SNOW) stock fell Thursday after the company posted third-quarter results and issued an underwhelming outlook, with product revenue growth slowing in the period.

In a separate release, Snowflake provided updates on its collaborations with Amazon.com, Inc.’s (NASDAQ: AMZN) Amazon Web Services and Accenture plc (NYSE: ACN), along with an expanded partnership with Anthropic.

The AI data cloud company delivered revenue of $1.21 billion, beating analyst estimates of $1.18 billion and adjusted earnings of 35 cents per share for the period, beating analyst estimates of 31 cents per share.

Accenture Deal

Snowflake boosted its partnership with Accenture to accelerate generative AI adoption and drive business results for clients like Caterpillar, Inc. (NYSE: CAT).

Through the newly formed Accenture Snowflake Business Group, the companies aim to help enterprises transform their business models using cloud, AI, and data, leveraging Accenture AI Refinery alongside Snowflake Intelligence and Snowflake Cortex AI innovations.

AWS Marketplace Transactions

Moreover, Snowflake disclosed a key milestone in its partnership with Amazon Web Services (AWS), doubling its AWS Marketplace transaction growth year-over-year to surpass $2 billion in annual sales.

Together with AWS, Snowflake is helping clients modernize data platforms and build AI-ready architectures with open standards and unified governance.

Anthropic Partnership

Also, Snowflake has penned a major expansion of its strategic partnership with AI research firm Anthropic through a multi-year, $200 million deal.

The deal will make Anthropic’s Claude models accessible on the Snowflake platform to over 12,600 global customers across all three major clouds.

It also establishes a joint global go-to-market initiative to deploy AI agents across large enterprises.

Additionally, Claude will power Snowflake’s enterprise intelligence agent, Snowflake Intelligence, enabling organizations to access all their knowledge through a single trusted agent that drives curiosity, exploration, and faster innovation.

**Snowflake Inc.** (NYSE: SNOW) stock fell Thursday after the company posted third-quarter results and issued an underwhelming outlook, with product revenue growth slowing in the period.

In a separate release, Snowflake provided updates on its collaborations with **Amazon.com, Inc.’s** (NASDAQ: AMZN) **Amazon Web Services** and **Accenture plc** (NYSE: ACN), along with an expanded partnership with **Anthropic**.

The AI data cloud company delivered revenue of $1.21 billion, beating analyst estimates of $1.18 billion and adjusted earnings of 35 cents per share for the period, beating analyst estimates of 31 cents per share.

## Accenture Deal

Snowflake boosted its partnership with Accenture to accelerate generative AI adoption and drive business results for clients like **Caterpillar, Inc.** (NYSE: CAT).

Through the newly formed Accenture Snowflake Business Group, the companies aim to help enterprises transform their business models using cloud, AI, and data, leveraging Accenture AI Refinery alongside Snowflake Intelligence and Snowflake Cortex AI innovations.

## AWS Marketplace Transactions

Moreover, Snowflake disclosed a key milestone in its partnership with **Amazon Web Services (AWS)**, doubling its AWS Marketplace transaction growth year-over-year to surpass $2 billion in annual sales.

Together with AWS, Snowflake is helping clients modernize data platforms and build AI-ready architectures with open standards and unified governance.

## Anthropic Partnership

Also, Snowflake has penned a major expansion of its strategic partnership with AI research firm Anthropic through a multi-year, $200 million deal.

The deal will make Anthropic’s Claude models accessible on the Snowflake platform to over 12,600 global customers across all three major clouds.

It also establishes a joint global go-to-market initiative to deploy AI agents across large enterprises.

Additionally, Claude will power Snowflake’s enterprise intelligence agent, Snowflake Intelligence, enabling organizations to access all their knowledge through a single trusted agent that drives curiosity, exploration, and faster innovation.

<p><strong>Snowflake Inc.</strong> <a target="_blank" href="https://www.benzinga.com/quote/SNOW" rel="noreferrer noopener"><a href="https://www.benzinga.com/quote/SNOW" target="_blank" class="ticker-link" data-ticker="SNOW" data-exchange="NYSE" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SNOW">SNOW</a>)</a></a> stock fell Thursday after the company posted <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/12/49197181/snowflake-stock-falls-on-q3-earnings-heres-why-shares-are-melting-after-hours" rel="noreferrer noopener">third-quarter results</a> and issued an underwhelming outlook, with product revenue growth slowing in the period.</p>



<p>In a separate release, Snowflake provided updates on its collaborations with<strong> Amazon.com, Inc.&#8217;s</strong> <a target="_blank" href="https://www.benzinga.com/quote/AMZN" rel="noreferrer noopener"><a href="https://www.benzinga.com/quote/AMZN" target="_blank" class="ticker-link" data-ticker="AMZN" data-exchange="NASDAQ" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AMZN">AMZN</a>)</a></a>&nbsp;<strong>Amazon Web Services</strong> and&nbsp;<strong>Accenture plc</strong> <a target="_blank" href="https://www.benzinga.com/quote/ACN" rel="noreferrer noopener"><a href="https://www.benzinga.com/quote/ACN" target="_blank" class="ticker-link" data-ticker="ACN" data-exchange="NYSE" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/ACN">ACN</a>)</a></a>, along with an expanded partnership&nbsp;with&nbsp;<strong>Anthropic</strong>.</p>



<p>The AI data cloud company delivered revenue of $1.21 billion, beating analyst&nbsp;estimates of $1.18 billion and adjusted earnings of 35 cents&nbsp;per share for the period, beating <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst estimates of 31 cents&nbsp;per share</a>.</p>



<p><strong><em>Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/12/49193362/snowflake-positioned-for-growth-customers-highlight-ai-and-data-strengths" rel="noreferrer noopener">Snowflake Positioned For Growth, Customers Highlight AI And Data Strengths</a></em></strong></p>



<p>Snowflake&nbsp;expects fourth-quarter product revenue in the range of $1.195 billion to $1.20 billion <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">(up around 27% year-over-year)</a>.</p>



<h2 class="wp-block-heading">Accenture Deal</h2>



<p>Snowflake boosted its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/12/b49196742/accenture-and-snowflake-drive-enterprise-reinvention-with-ai-and-data" rel="noreferrer noopener">partnership</a> with Accenture to accelerate generative AI adoption and drive business results for clients like <strong>Caterpillar, Inc. </strong><a target="_blank" href="https://www.benzinga.com/quote/CAT" rel="noreferrer noopener"><a href="https://www.benzinga.com/quote/CAT" target="_blank" class="ticker-link" data-ticker="CAT" data-exchange="NYSE" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CAT">CAT</a>)</a></a>.</p>



<p>Through the newly formed Accenture Snowflake Business Group, the companies aim to help enterprises transform their business models using cloud, AI, and data, leveraging Accenture AI Refinery alongside Snowflake Intelligence and Snowflake Cortex AI innovations.</p>



<h2 class="wp-block-heading">AWS Marketplace Transactions</h2>



<p>Moreover, Snowflake disclosed a key milestone in its partnership with<strong> Amazon Web Services (AWS)</strong>, doubling its AWS Marketplace transaction growth year-over-year to <a target="_blank" href="https://www.benzinga.com/pressreleases/25/12/b49196623/snowflake-doubles-aws-marketplace-growth-yoy-eclipses-2-billion-in-sales-as-new-integrations-accel" rel="noreferrer noopener">surpass $2 billion in annual sales</a>.</p>



<p>Together with AWS, Snowflake is helping clients modernize data platforms and build AI-ready architectures with open standards and unified governance.</p>



<h2 class="wp-block-heading">Anthropic Partnership&nbsp;</h2>



<p>Also, Snowflake has penned a major expansion of its strategic partnership with AI research firm Anthropic through<a target="_blank" href="https://www.benzinga.com/pressreleases/25/12/b49196433/snowflake-and-anthropic-announce-200-million-partnership-to-bring-agentic-ai-to-global-enterprises" rel="noreferrer noopener"> a multi-year, $200 million deal</a>.</p>



<p>The deal will make Anthropic&#8217;s Claude models accessible on the Snowflake platform to over 12,600 global customers across all three major clouds.</p>



<p>It also establishes a joint global go-to-market initiative to deploy AI agents across large enterprises.</p>



<p>Additionally, Claude will power Snowflake&#8217;s enterprise intelligence agent, Snowflake Intelligence, enabling organizations to access all their knowledge through a single trusted agent that drives curiosity, exploration, and faster innovation.</p>



<p><strong>SNOW Price Action:</strong> Snowflake shares were down 8.83% at $241.60 during premarket trading on Thursday, <a target="_blank" href="https://www.benzinga.com/pro/" rel="noreferrer noopener">according to Benzinga Pro data</a>.</p>



<p><strong>Read Next:</strong></p>



<ul class="wp-block-list">
<li><strong><em><a href="https://www.benzinga.com/node/49142003" target="_blank" rel="noreferrer noopener">Snowflake&#8217;s New&#8217; AI-Driven Migration&#8217; Tech Could Speed Up Cloud Moves By 4x, Analyst Says</a></em></strong></li>
</ul>



<p><em>Photo by Michael Vi via Shutterstock</em></p>

Metadata

Author:

Lekha Gupta

Image URL:

https://cdn.benzinga.com/files/imagecache/250x187xUP/images/story/2025/12/04/Snowflake-Inc-.jpeg

Tickers:

ACN, AMZN, CAT, SNOW

Updated At:

December 04, 2025 at 7:36 AM

Benzinga Channels:

Earnings, Equities, Large Cap, News, Top Stories, Movers, Tech

Benzinga Tags:

why it's moving

Teaser:

Snowflake Inc. shares tank premarket after disappointing Q3 results and updates on collaborations with Amazon, Accenture, and Anthropic.

Benzinga Stocks:

ACN (NYSE), AMZN (NASDAQ), CAT (NYSE), SNOW (NYSE)

Benzinga Article ID:

49204223