Snowflake reported a strong fiscal Q2 product revenue print and raised both next-quarter guidance and full-year product revenue and margin targets, a clear fundamental beat that the market treated as a major read-through for enterprise software demand. The guidance lift (Q3 product revenue vs. consensus) and a higher full-year product revenue and adjusted operating margin target materially improve revenue visibility and profitability cadence. Macro rate relief helped amplify the move, but the underlying operational upgrades justify a BULLISH view on Snowflake.