Snowflake reported fiscal second-quarter revenue of about $1.15 billion, up 32 % from a year earlier and comfortably ahead of analysts’ $1.09 billion average estimate. Product revenue, the company’s primary line item, rose to $1.09 billion, while adjusted earnings reached $0.35 a share versus the $0.27 consensus. Remaining performance obligations climbed 33 % to $6.9 billion and net revenue retention improved to 125 %. Citing continued demand for its data-cloud platform as enterprises ramp up spending on artificial-intelligence projects, management lifted its fiscal-2026 product-revenue target to about $4.40 billion from $4.33 billion. The stock jumped more than 11 % in late trading. Cyber-security vendor CrowdStrike also topped expectations, posting second-quarter revenue of $1.17 billion and adjusted earnings of $0.93 a share. The company logged a record $221 million in net-new annual recurring revenue, pushing total ARR to $4.66 billion, up 20 % year on year. CrowdStrike raised its full-year earnings outlook but projected third-quarter revenue of $1.208-$1.218 billion, slightly below Wall Street forecasts, a tempering that sent the shares lower before they partially recovered. Alongside its results CrowdStrike agreed to buy Madrid-based telemetry start-up Onum to accelerate data ingestion for its Falcon Next-Gen security-information and event-management offering. Financial terms were not disclosed. Management said the deal and rising AI-driven demand should help drive a planned re-acceleration in net-new ARR during the second half of the fiscal year.