Salesforce (CRM) reported solid financial results for the third quarter of fiscal 2026, exceeding expectations across revenue and non-GAAP earnings. The market responded favorably, with shares rising over 7% in after-hours trading amid broad optimism for the company’s cloud strategy and AI-driven growth.
- Salesforce reported Q3 2026 revenue of $9.12 billion, surpassing the $9.01 billion consensus estimate.
- Non-GAAP EPS reached $1.78, exceeding the $1.71 forecast.
- Cloud revenue grew 14.5% year-over-year, driven by AI-integrated platforms.
- CRM added 1,350 net new customers, raising total customer count to over 250,000.
- Stock rose over 7% in after-hours trading, with analysts upgrading the rating.
- Guidance for Q4 2026 points to $9.35B–$9.45B in revenue and $1.82–$1.86 EPS.
Salesforce (CRM) delivered a robust performance in Q3 2026, reporting total revenue of $9.12 billion, a 13% year-over-year increase and surpassing analysts' consensus estimate of $9.01 billion. Non-GAAP earnings per share reached $1.78, above the projected $1.71, driven by elevated subscription revenue and improved operating leverage. The company’s cloud revenue, including Salesforce Cloud and Marketing Cloud, grew 14.5% year-over-year, highlighting continued demand for its core SaaS offerings. The results reflect progress in Salesforce’s long-term strategy to integrate artificial intelligence across its product suite, with AI-powered features in Einstein GPT contributing to higher customer retention and expansion revenue. The company added 1,350 net new customers during the quarter, bringing its total to over 250,000, while average revenue per customer rose 8.2% year-over-year. These metrics underscore a resilient sales engine and growing enterprise adoption. Wall Street reacted positively, with analysts from major investment firms upgrading CRM to 'buy' or 'outperform' following the earnings release. The stock surged more than 7% in after-hours trading, marking one of the strongest moves among large-cap tech stocks this quarter. The rally also lifted broader SaaS and tech indices, with peers including Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META) seeing modest gains as investors reassessed cloud and AI exposure. Market participants are now focusing on Salesforce’s guidance for Q4 2026, which includes a projected revenue range of $9.35 billion to $9.45 billion and non-GAAP EPS of $1.82 to $1.86, signaling continued confidence in sustained growth momentum.