Salesforce Inc. reported fiscal third‑quarter 2026 results, delivering revenue of $10.26 billion—an 8.6 % year‑over‑year increase—and adjusted earnings per share of $3.25, beating the consensus estimate of $2.86 by $0.39.
Revenue growth was driven largely by the rapid expansion of the company’s AI‑powered Agentforce and Data 360 platforms, which together generated nearly $1.4 billion in annual recurring revenue, a 114 % jump from the prior year. The core Sales Cloud and Service Cloud segments also contributed solid growth, while the legacy Marketing Cloud segment saw modest gains, balancing the mix and supporting the overall revenue increase.
Operating margin expanded to 34.1 % for the quarter, up from 33.1 % in fiscal 2025, reflecting a higher mix of high‑margin AI contracts and improved operational leverage as the company scales its platform. The margin lift was offset only by modest increases in support and professional services costs, which were largely contained through disciplined cost management.
Management raised full‑year revenue guidance to $41.45 billion–$41.55 billion, a 9 % to 10 % increase over the previous outlook of $41.1 billion–$41.3 billion, and maintained an adjusted EPS forecast of $11.75–$11.77. The guidance signals confidence in sustained demand for AI‑enabled solutions and the continued integration of Informatica, which is expected to contribute roughly 80 basis points to subscription and support growth.
CEO Marc Benioff highlighted the company’s “Agentic Enterprise” momentum, noting that Agentforce had processed more than 3.2 trillion tokens and secured over 9,500 paid deals. CFO Robin Washington emphasized that the quarter’s operating margin improvement and EPS beat were driven by cost discipline and the scaling of high‑margin AI products. Investors reacted positively to the earnings beat and raised guidance, underscoring confidence in Salesforce’s strategic focus on AI.
While the company faces headwinds from increasing competition in the cloud‑services market and concerns about AI’s impact on subscription stability, the strong performance of Agentforce and Data 360, coupled with the Informatica acquisition, positions Salesforce to capture additional market share and drive long‑term profitability. The results reinforce the company’s trajectory toward a $60 billion-plus organic revenue target and a 50 % profitable growth framework by FY30.
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