Salesforce Shares Rise on Strong Q2 Results and Upbeat Guidance
On August 27, Salesforce (NYSE: CRM) shares surged by 22.6% following the release of strong fiscal Q2 results and optimistic guidance for future performance. The growth was driven primarily by its agentic AI platform Agentforce, which saw annual recurring revenue increase more than 240%, as well as Data 360 and Slack platforms showing significant adoption and usage. The company reported total revenue rising to $11.35 billion — at the high end of guidance — with subscription and support revenue up by 12%. Adjusted earnings per share (EPS) jumped from 103% to $5.90, although this included a one-time gain on strategic investments. Looking ahead, Salesforce raised its full-year fiscal 2026 guidance for both revenue growth and adjusted EPS. The company is also introducing new products like Claudeforce, which aims to integrate AI capabilities into sales functions.
Topics: AI SaaS growth stock performance