Salesforce Inc. (NYSE:CRM) fell more than 7% on Wednesday after the cloud software company issued softer-than-expected guidance for the current quarter, despite posting solid second-quarter results.
EPS was $2.91, above consensus of $2.78. Revenue rose to $10.2 billion from $8.6 billion last year, beating forecasts of $10.14 billion.
Data Cloud and AI ARR grew by $200 million quarter-over-quarter and 120% year-over-year to $1.2 billion across 6,000 paid deals. The company signed 60 $1 million-plus deals combining Data Cloud and AI.
For Q3, Salesforce projected revenue of $10.24–$10.29 billion, with the midpoint just below consensus of $10.29 billion. EPS guidance was $2.84–$2.86, matching expectations.
For FY26, Salesforce forecast EPS of $11.33–$11.37, above estimates of $11.29, and raised its revenue range to $41.1–$41.3 billion, in line with consensus. It projected free cash flow growth of 12%–13%, ahead of forecasts at 9.4%.
