Salesforce beat estimates on earnings per share last quarter and has raised its full-year guidance, which it said was driven by its Agentforce artificial intelligence products.
Adjusted earnings per share were US$3.25, above LSEG estimates of $2.86 and up from $2.41 year-over-year. Revenue rose 9% to $10.26 billion, below estimates of $10.27 billion.
“Our Agentforce and Data 360 products are the momentum drivers, hitting nearly $1.4 billion in ARR—an explosive 114% year-over-year gain,” said Salesforce CEO Marc Benioff.
“We now have over 9,500 paid Agentforce deals and 3.2 trillion tokens processed, underscoring our leadership in building the Agentic Enterprise and driving real outcomes.”
Agentforce’s annual recurring revenue surpassed $500 million last quarter, the company said, increasing by 330%.
Half of the company’s Agentforce and Data 360 bookings last quarter were from existing customers expanding. It has completed more than 18,500 Agentforce deals since its launch last year.
It also acquired agentic AI startup Regrello and AI coding company Waii during the quarter.
Subscription and support revenue was $9.73 billion, up from $8.88 billion, while professional services and other revenues dipped from $565 million to $533 million.
Salesforce’s current remaining performance obligation is $29.4 billion, growing 11%.
Its new guidance for its fiscal 2026 projects $41.45-41.55 billion in revenue, growing from the $41.1-41.3 billion it predicted the previous quarter.
Next quarter, it expects $11.13-11.23 in revenue and $3.02-3.04 in diluted earnings per share. LSEG revenue estimates were $10.9 billion, with earnings per share estimates at $3.04.
Salesforce’s (NYSE: CRM) share price ended after-hours trading at $250.88, following a close at $238.72. Its market capitalisation is $227.26 billion.
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