Snowflake forecast fiscal 2026 product revenue above analysts' estimates on Wednesday as the data analytics provider sees rising cloud service growth amid advancements in artificial intelligence, sending its shares up 11 per cent in extended trading. The company also said it has integrated OpenAI's models directly in Snowflake Cortex AI, its fully managed AI service. Snowflake's data cloud has been seeing strong adoption from firms looking to use AI-powered services to organize swathes of data.