Snowflake stock soared amid Q1 earnings and revenue that topped estimates. The software maker hiked full-year sales guidance.

Snowflake Inc. (NYSE: SNOW) will report Q1 earnings on May 27. Analysts expect revenue of $1.32B, up from $1.04B last year. SNOW has beat estimates for 20 quarters.

Snowflake is going deeper with Amazon's Web Services, and plans to use its Arm-based Graviton chips.