Salesforce Reports Strong Q2 Results, Raises Full-Year Outlook
Shares of Salesforce (CRM) surged nearly 23% following better-than-expected second-quarter results and an upward revision to its full-year revenue forecast. The company reported $11.35 billion in quarterly revenue, slightly above the consensus estimate, with adjusted earnings per share more than doubling year-over-year to $5.90 from $3.28 expected. Salesforce also raised its 2026 sales guidance to between $46.1 billion and $46.4 billion, up from a previous range of $45.9 billion to $46.2 billion. Additionally, the company announced an expanded AI partnership with Anthropic, introducing 'Claudeforce'—a combination of Anthropic's advanced models with Salesforce’s customer base. Analysts from JPMorgan, Morgan Stanley, and Jefferies raised their price targets for CRM following the report. Despite Thursday’s rally, Salesforce shares remain down more than 20% year-to-date as of Wednesday’s close.
Tickers: $CRM
Topics: AI Partnership Earnings Stock Performance