The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Snowflake (NYSE: SNOW) and the rest of the data storage stocks fared in Q1.

Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video.

The 4 data storage stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 3.4% while next quarter’s revenue guidance was 4.6% above.

Luckily, data storage stocks have performed well with share prices up 36.1% on average since the latest earnings results.

Snowflake (NYSE: SNOW)

Named after the unique architecture of its data warehouse which resembles a snowflake pattern, Snowflake (NYSE: SNOW) provides a cloud-based data platform that enables organizations to consolidate, analyze, and share data across multiple cloud providers.

Snowflake reported revenues of $1.39 billion, up 33.5% year on year. This print exceeded analysts’ expectations by 5%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ billings estimates.

Snowflake scored the biggest analyst estimate beat and fastest revenue growth of the whole group. The company added 46 enterprise customers paying more than $1 million annually to reach a total of 779. Unsurprisingly, the stock is up 47.2% since reporting and currently trades at $257.97.

Is now the time to buy Snowflake? Access our full analysis of the earnings results here, it’s free.

Best Q1: DigitalOcean (NYSE: DOCN)

Built for simplicity in a world of complex cloud solutions, DigitalOcean (NYSE: DOCN) provides a simplified cloud computing platform that enables developers and small businesses to quickly deploy and scale applications.

DigitalOcean reported revenues of $257.9 million, up 22.4% year on year, outperforming analysts’ expectations by 3.3%. The business had a very strong quarter with an impressive beat of analysts’ EBITDA estimates and full-year EPS guidance exceeding analysts’ expectations.

DigitalOcean achieved the highest guidance raise and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 18.1% since reporting. It currently trades at $128.54.

Is now the time to buy DigitalOcean? Access our full analysis of the earnings results here, it’s free.

Commvault (NASDAQ: CVLT)

Born from the need to create ironclad protection in an increasingly dangerous digital world, Commvault (NASDAQ: CVLT) provides data protection and cyber resilience software that helps organizations secure, back up, and recover their data across on-premises, hybrid, and multi-cloud environments.

Commvault reported revenues of $311.7 million, up 13.3% year on year, exceeding analysts’ expectations by 1.6%. Still, it was a mixed quarter as it posted full-year guidance of slowing revenue growth.

Commvault delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. Interestingly, the stock is up 70.2% since the results and currently trades at $150.50.

Read our full analysis of Commvault’s results here.

MongoDB (NASDAQ: MDB)

Named after "humongous database," reflecting its ability to handle massive data loads, MongoDB (NASDAQ: MDB) provides a flexible document-based database platform that helps developers build, deploy, and maintain modern applications more efficiently.

MongoDB reported revenues of $687.6 million, up 25.2% year on year. This result beat analysts’ expectations by 3.5%. Overall, it was a very strong quarter as it also put up an impressive beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations.

MongoDB had the weakest guidance update among its peers. The company added 96 enterprise customers paying more than $100,000 annually to reach a total of 2,895. The stock is up 8.8% since reporting and currently trades at $354.44.

Read our full, actionable report on MongoDB here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.