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Key Takeaways
- Salesforce posted a quarterly profit that topped analysts’ estimates, citing momentum from its AI offerings.
- The customer relationship management software leader also boosted its outlook.
Could a bit of fresh momentum from Salesforce’s AI offerings be just what the company needed to kick-start a recovery in its stock?
Shares of Salesforce (CRM) were recently up 3% in extended trading Wednesday, after the software giant posted a better-than-expected quarterly profit and raised its outlook on the back of growth from its data products and AI offerings.
The customer relationship management software leader reported adjusted earnings per share of $3.25 for its fiscal 2026 third quarter, well above the $2.86 analysts were looking for. Its revenue, which jumped 9% year-over-year to $10.26 billion, was roughly in line with estimates compiled by Visible Alpha.
Why This Is Significant
The signs of AI-driven momentum could help reignite enthusiasm for Salesforce’s stock, which has lingered in negative territory for the year amid some concerns about the adoption of its AI offerings and competition in the space.
CEO Marc Benioff said Salesforce’s Agentforce, which helps companies build customized AI agents, was a major driver of growth, along with the company’s data products. Annual recurring revenue from Agentforce and Data 360 offerings more than doubled year-over-year to $1.4 billion.
Looking ahead, Salesforce said it now sees full-year adjusted earnings of $11.75 to $11.77 on revenue of $41.45 to $41.55 billion, compared to its earlier forecast of EPS of $11.33 to $11.37 on revenue of $41.1 billion to $41.3 billion.
The stronger outlook could help kick-start a rebound for the company’s shares, which were down nearly 30% for 2025 heading into Wednesday’s results after its prior outlook disappointed.
