Salesforce Shares Rise on Strong Q2 Results and Upbeat Guidance
On August 27, Salesforce (NYSE: CRM) shares surged by nearly 23% following strong fiscal second-quarter results driven by robust performance from its AI platforms Agentforce, Data 360, and Slack. The company reported revenue of $11.35 billion—above guidance—and raised full-year forecasts for both revenue growth and adjusted earnings per share (EPS). Agentforce's annual recurring revenue grew over 240% to $1.5 billion, while Slackbot saw rapid adoption with a million active users in five months. Salesforce also introduced Claudeforce, an AI plug-in built on Anthropic’s Claude model, and reported that nine of the top ten largest AI companies are using its platforms, increasing spending by 435% year-over-year. Despite these gains, Salesforce's stock is still down for the year due to broader market concerns about AI displacing traditional software layers—a narrative it aims to counter with continued growth. The company’s guidance now anticipates revenue of $16.67–$16.71 per share in fiscal 2026, up from previous estimates and well above analyst expectations.
Tickers: $CRM
Topics: AI ARR performance SaaS growth