Salesforce Inc
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +4.68%.
Did CRM Beat Earnings? Q1 2026 Results
Salesforce opened fiscal 2026 on a strong note, delivering a clean beat across the board as the enterprise software giant posted Q1 revenue of $9.83 billion — up 7.6% year-over-year and ahead of the $9.75 billion consensus — while non-GAAP diluted EPS of $2.58 edged past the $2.5471 estimate by 1.29%. The standout driver behind the quarter was Salesforce's rapidly maturing AI platform: Data Cloud and AI annual recurring revenue crossed $1 billion, growing more than 120% year-over-year, while Agentforce has now closed over 8,000 deals since launch — a signal that <a href="https://247wallst.com/investing/2026/02/25/live-will-salesforce-crm-breakout-after-earnings/">the company's AI momentum</a> is translating into real commercial traction. The company also announced a definitive agreement to acquire Informatica, which management framed as a move to build the most complete AI and data platform for the enterprise. Looking ahead, Salesforce raised its full-year FY26 revenue guidance by $400 million to a range of $41.00 billion to $41.30 billion, reflecting 8%-9% growth, while maintaining its non-GAAP operating margin target of 34.0%.
- Strong adoption of Data Cloud and AI products driving ARR above $1 billion
- Nearly 60% of Q1 top 100 deals included Data Cloud and AI
- More than half of top 100 deals included 6+ Clouds, showing cross-sell momentum
- Platform and Other segment grew 14% in constant currency, fastest among product lines
- Currency tailwind from weakening U.S. dollar
- Operating margin expansion on both GAAP and non-GAAP basis
“We delivered strong Q1 results and are raising our guidance by $400 million to $41.3 billion at the high end of the range. We've built a deeply unified enterprise AI platform—with agents, data, apps, and a metadata platform—that is unmatched in the industry. With Agentforce, Data Cloud, our Customer 360 apps, Tableau, and Slack all built on one trusted, unified foundation, companies of every size can build a digital labor force—boosting productivity, reducing costs, and accelerating growth. And, with our agreement to acquire Informatica, we will bring together the industry's leading AI CRM and AI-powered MDM and ETL platform to create the most complete, intelligent AI and data platform for the enterprise.”
Salesforce CEO, on the earnings call
Forward Guidance & Outlook
Salesforce raised its full-year FY26 revenue guidance to $41.0-$41.3 billion (up 8%-9% Y/Y, ~8% in constant currency), an increase of $400 million reflecting currency tailwinds from a weakening U.S. dollar. Q2 FY26 revenue is guided at $10.11-$10.16 billion (up 8%-9% Y/Y). Full-year GAAP operating margin guidance maintained at 21.6% and non-GAAP operating margin at 34.0%. Operating cash flow growth maintained at approximately 10%-11% Y/Y, with free cash flow growth of approximately 9%-10%. Full-year non-GAAP diluted EPS guided at $11.27-$11.33; Q2 non-GAAP diluted EPS at $2.76-$2.78. Subscription and support revenue growth guided at approximately 9.5% (GAAP) / ~9% CC for the full year. The planned Informatica acquisition is not expected to impact FY26 guidance based on an expected close in early FY27.
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Figures from SEC filings and company reports. Not investment advice.