Salesforce reports fiscal Q2 results tonight with guidance calling for revenue of $11.27 billion to $11.35 billion and earnings of $3.25 to $3.27 per share.
Shares have soared 25.68% over the past month, meaning investors will expect Agentforce growth and rising current remaining performance obligations to justify the rebound.
Salesforce trades at 24x earnings, below its historical premium, because Wall Street remains uncertain that AI can restore double-digit organic growth.
Strong Agentforce annual recurring revenue would strengthen the company’s path toward its $63 billion fiscal 2030 revenue target.
A soft report could quickly unwind the recent rally and raise fresh doubts about Salesforce’s pricing power in the agentic AI era.