Salesforce Meets Earnings Expectations, Beats on Non-GAAP EPS and Revenue
Salesforce exceeded earnings expectations with non-GAAP EPS of $3.88, surpassing the forecast by $0.75. Revenue of $11.13 billion also beat estimates by $70 million. This financial progress comes despite the company facing concerns about its core revenue model and the impact of AI agents.
Salesforce CRM beat Wall Street estimates for its fiscal first quarter, posting non-GAAP earnings per share of $3.88, up 50% year-over-year, on revenue of $11.1 billion, up 13% . The top line included a $444 million contribution from the recently acquired Informatica, and GAAP EPS came in at $2.42.
Forward demand indicators were solid: current remaining performance obligation (cRPO), a closely watched bookings proxy, rose 14% to $33.6 billion, while total remaining performance obligation reached $67.9 billion . The company is also returning capital to shareholders under a $25 billion share repurchase program authorized in March 2026.
The results help counter concerns that AI agents could erode Salesforce's seat-based subscription model. Management has positioned its Agentforce platform as a way to monetize AI rather than be disrupted by it, but investors will watch whether agent-driven products can offset any softening in traditional subscription growth.
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