Salesforce Q2 FY27 10-Q: $3.5B Net Income, $2.7B Anthropic Gain, Two Pending AI Acquisitions
CRM sits 38% above its 52-week low of $146.32.
Summary
Salesforce's Q2 FY27 10-Q confirms record results and reveals a $2.7B Anthropic gain, two pending AI acquisitions totaling $5.1B, and a $25B debt-funded share repurchase that reshaped its balance sheet.
Key Events · Earnings and Guidance · CRM
-
Q2 FY27 Revenue and Net Income
Revenue of $11.3B (up 11% Y/Y) and net income of $3.5B, with diluted EPS of $4.29 versus $1.96 a year ago.
-
Anthropic Unrealized Gain
A $2.7B unrealized gain on the Anthropic investment drove Q2 strategic investment gains of $2.6B, contributing $2.87 to H1 diluted EPS.
-
Pending AI Acquisitions
Contentful ($1.5B cash) and Intercom/Fin ($3.6B cash) acquisitions are expected to close in Q3 FY27, subject to regulatory approvals.
-
$25B Accelerated Share Repurchase
103M shares delivered at $198.34 average price (80% of expected total); final settlement expected in Q3 FY27. $22.9B remains authorized.
Analysis · CRM · Technology
Salesforce's Q2 FY27 10-Q confirms the blowout quarter reported in the 8-K, with revenue of $11.3B (up 11% Y/Y) and net income of $3.5B. The filing adds material new detail: a $2.7B unrealized gain on its Anthropic stake drove the earnings beat, and the company disclosed two pending AI acquisitions — Contentful for $1.5B and Intercom (Fin) for $3.6B — both expected to close in Q3 FY27. The balance sheet shows a major capital structure shift: $25B in new senior notes and a $6B term loan were used to fund a $25B accelerated share repurchase, with 103M shares already delivered at $198.34. Total debt jumped from $14.4B to $39.3B, while stockholders' equity fell from $59.1B to $38.4B due to treasury stock repurchases.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 29.5% of the 1672 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.22%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, 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 filing was assessed with positive market sentiment and an importance score of 7 out of 10.