Snowflake’s product revenue rose 34% year-over-year, trading at half Palantir’s free-cash-flow multiple amid macro volatility.
Snowflake reported 34% year-over-year product revenue growth, driving a 58% stock surge in a month. The company’s $9.21 billion remaining performance obligations, up 38%, and a $6 billion AWS deal provide multi-year revenue visibility, contrasting with Palantir’s narrative-driven valuation challenges.
Palantir’s trailing P/E of 150 and 27% year-to-date decline reflect pressure from higher capital costs. Its stock trades at $130.21, down from a 52-week high of $207.52, with a free cash flow yield of 0.70%. Snowflake’s growth and lower valuation multiples highlight its resilience in a volatile macro environment.
Markets have favored Snowflake’s fundamentals over Palantir’s AI-driven hype, as evidenced by recent price action and revenue stability.