Overview

• Second-quarter revenue of $10.24 billion and adjusted EPS of $2.91 topped LSEG estimates, with sales up 10% year over year.
• Third-quarter revenue guidance of $10.24 billion to $10.29 billion came in slightly below consensus, as the company raised full-year profit targets and maintained its revenue outlook.
• Shares fell roughly 4% to 7% in after-hours and premarket trading, leaving the stock about 23% to 24% lower for the year.
• Data Cloud and AI annual recurring revenue exceeded $1.2 billion, up about 120% year over year, with more than 12,500 Agentforce deals including over 6,000 paid.
• Salesforce expanded its share repurchase authorization by $20 billion to $50 billion, as CEO Marc Benioff called the outlook "appropriately conservative" and pushed back on AGI hype.