Salesforce Stock Surges 14% After Q2 Revenue Beat and Raised Full-Year Guidance on AI Momentum

Salesforce shares jumped roughly 14% in after-hours trading on Wednesday after the company reported fiscal second-quarter revenue of $11.35 billion, edging past the $11.32 billion Wall Street consensus and rising 11% year over year for the quarter ended July 31. Net income soared 87% to $3.53 billion, or $4.29 per share, compared with $1.89 billion, or $1.96 per share, a year earlier, driven largely by a $2.6 billion gain on strategic investments tied to Salesforce's stake in AI startup Anthropic. Alongside the results, Salesforce launched Claudeforce, an Anthropic Claude plugin that automates email composition and record updates for salespeople.

Annualized revenue from Agentforce AI products topped $1.5 billion, up 240% year over year and accelerating from the prior quarter's 200%-plus growth rate. Current remaining performance obligation, a forward revenue indicator, reached $33.5 billion, ahead of the $33.22 billion analysts had expected. For the full fiscal year 2027, Salesforce raised its revenue guidance to a range of $46.1 billion to $46.4 billion, representing 11% to 12% growth year over year, a roughly $200 million increase from prior guidance reflecting $100 million in organic growth and $200 million from its pending acquisitions of Contentful and Fin, partially offset by a $100 million foreign-exchange headwind.

Third-quarter revenue guidance was set at $11.42 billion to $11.5 billion. The company also flagged a $1.6 billion contract from the U.S. Department of Veterans Affairs signed during the quarter and announced plans to acquire customer service startup Fin for $3.6 billion.

Salesforce shares had been down 22% year to date before the report, while the S&P 500 had gained 12% over the same period.