Salesforce Q2: Revenue Hits $11.3B, EPS Soars 103%, Guidance Raised
CRM sits 38% above its 52-week low of $146.32.
Summary
Salesforce delivered a blowout Q2 FY27: revenue of $11.3B (up 11% Y/Y), non-GAAP EPS of $5.90 (up 103%), and cRPO growth of 14%. Net income was $3.53B. Agentforce ARR surged past $1.5B, up over 240% Y/Y, and Data 360 ARR nearly $3.9B. Management raised full-year revenue guidance to $46.1B-$46.4B and initiated Q3 guidance of $11.42B-$11.5B, both above consensus. The company also noted the pending Contentful and Fin acquisitions are expected to close in Q3 and are included in guidance.
Updates
· Dow Jones Newswires — Salesforce expanded its Anthropic partnership with Claudeforce, integrating Claude into its platform; a plugin enters open beta next month. AI product ARR nearly tripled to $3.9B. Shares jumped 13% after hours to $231.93.
· SEC 8-K — The 8-K attaches the Q2 FY27 press release with full financial statements and guidance details, including GAAP operating margin guidance of 20.1% and non-GAAP operating margin maintained at 34.3%.
At the time of this announcement, CRM was trading at $201.88 on NYSE in the Technology sector, with a market capitalization of approximately $168.5B. The 52-week trading range was $146.32 to $269.11. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.