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Salesforce Gains Support as Guidance Rises and AI ARR Surges Despite a Small Revenue Miss

A higher full‑year forecast alongside rapid AI adoption is easing concerns about growth durability.

Overview

  • For fiscal Q3 2026, revenue was $10.26 billion, up 8.6% year over year and slightly below estimates, while adjusted EPS of $3.25 beat by $0.39.
  • Management raised full‑year guidance to $41.45–$41.55 billion in revenue and $7.22–$7.24 in adjusted EPS, citing current RPO of $29.4 billion, up 11%.
  • Agentforce and Data 360 annual recurring revenue reached about $1.4 billion, growing roughly 114% year over year and highlighting accelerating AI monetization.
  • Shares climbed more than 5% after the release as Truist reiterated a Buy and Roth MKM maintained Buy with a target increase to $395.
  • Analyst commentary frames valuation as high yet reasonable given profitability and cash flow, with one estimate noting a forward earnings multiple under 21x.