Snowflake Inc. boosted its full-year sales outlook after reporting stronger-than-expected second-quarter results, underscoring solid demand for its cloud-based data-analytics platform as companies ramp up spending on artificial-intelligence projects. The stock jumped as much as 14% in late trading. Revenue for the three months ended 31 July rose 32% from a year earlier to $1.14 billion, topping analysts’ $1.09 billion estimate. Product revenue, which the company uses to gauge performance, also climbed 32% to $1.09 billion. Adjusted earnings reached $0.35 a share, versus the $0.27 consensus. Remaining performance obligations—an indicator of future sales—expanded 33% to $6.9 billion. Bolstered by the results, management lifted its fiscal-2026 product-revenue forecast to roughly $4.40 billion, up from $4.33 billion previously, and maintained expectations for a 9% non-GAAP operating margin. For the current quarter Snowflake projects product revenue of $1.125 billion to $1.130 billion, implying growth of 25% to 26%. Chief Executive Officer Sridhar Ramaswamy said accelerating adoption of generative-AI workloads and strong momentum on Microsoft Azure were key contributors to the quarter.