1. Snowflake exceeded Q1'26 revenue and EPS estimates, driven by enterprise customer growth and a 124% net revenue retention rate; 2. The company maintains a strong buy rating due to AI product adoption and healthy free cash flow, despite slight retention rate pressure; 3. Raised FY2026 revenue guidance to $4.3B (25% YoY growth), reinforcing long-term bullish outlook despite risks from declining retention rates.