SAN FRANCISCO, August 28, 2026, 04:10 (EDT)
- Salesforce finished trading at $252.05, rising 22.6%, with 55.5 million shares changing hands.
- Revenue for the quarter increased by 11%, reaching $11.35 billion.
- Annual recurring revenue for Agentforce and Data 360 neared $3.9 billion, increasing more than 210%.
- The closing price is just 5.9% under the average target set by analysts.
Salesforce Inc. (NYSE:CRM) rose 22.6% on Thursday, as improved contract growth and increased cash flow boosted investor faith in its AI approach.
The stock ended the session at $252.05, up by $46.43. Trading volume hit 55.5 million shares, exceeding its recent average by more than four times Public market data.
The move increased market value by about $38 billion and brought Salesforce to within 5.9% of the consensus 12-month target among Wall Street analysts.
Revenue for the quarter climbed 11% to $11.35 billion. Current remaining performance obligations were up 14% at $33.5 billion, reflecting an acceleration in contracted demand.
Annual recurring revenue for Agentforce and Data 360 approached $3.9 billion, rising by more than 210%. Agentforce’s ARR exceeded $1.5 billion, according to Salesforce results.
Cash conversion also improved. Free cash flow climbed 81% to $1.1 billion, and operating cash flow was up 71% at $1.3 billion.
| Measure | Q2 FY2027 | Change | Investor signal |
|---|---|---|---|
| Revenue | $11.35 billion | +11% | Informatica supported stronger revenue expansion |
| cRPO | $33.5 billion | +14% | Contract pipeline pace increased |
| Agentforce + Data 360 ARR | Nearly $3.9 billion | >+210% | Scaled-up AI revenue |
| Free cash flow | $1.1 billion | +81% | Higher rate of cash conversion |
| GAAP operating margin | 20.5% | Not stated | Profit margin stayed robust |
Salesforce increased its fiscal 2027 revenue forecast to a range of $46.1 billion to $46.4 billion. Of the $200 million boost disclosed, $100 million stems from organic growth while $200 million comes from pending acquisitions, partially offset by a $100 million negative impact from currency fluctuations.
The composition is significant. The forecast partly relies on finalizing the Contentful and Fin acquisitions in the third quarter.
Management maintained its non-GAAP operating margin outlook at 34.3%, and also left its growth targets for operating and free cash flow unchanged at 4%–5%.
During the quarter, Salesforce broadened its collaboration with Anthropic via Claudeforce, integrating Claude models into Salesforce’s data and workflow systems Reuters.
Analyst outlook is still upbeat, though less exuberant following Thursday’s rally. According to Google Finance, there are 29 buy ratings, nine holds, and one sell, with the consensus price target standing at $267 analyst data.
Risks persist. Acquisitions support the outlook, investment gains lifted adjusted earnings, and for AI, pricing strategies still need to turn usage into lasting organic revenue.
The third quarter’s performance is the next milestone. Investors are monitoring cRPO growth of 14%, revenue projected between $11.42 billion and $11.50 billion, and indications that AI workloads are boosting recurring revenue.
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