Last updated: Aug. 27, 2026
Salesforce delivered record fiscal 2027 second-quarter results on Aug. 26, posting revenue of $11.3 billion and an 11% year-over-year gain, and raised its full-year guidance as AI revenue surged more than 200%. The stock jumped on the report and a new Anthropic partnership.
What happened
Salesforce reported record results for its fiscal 2027 second quarter on Aug. 26, 2026, posting revenue of $11.3 billion and an 11% year-over-year increase, and raised its full-year revenue guidance on the strength of its AI business. Wall Street reacted positively, with the stock jumping in after-hours and next-day trading as investors focused on accelerating artificial-intelligence revenue and a new partnership with Anthropic.
| Metric | Fiscal Q2 2027 |
|---|---|
| Total revenue | $11.3 billion, up 11% year over year (including a $456 million Informatica contribution) |
| Subscription and support revenue | $10.8 billion, up 12% year over year (including a $440 million Informatica contribution) |
| GAAP diluted EPS | $4.29, up 119% year over year |
| Non-GAAP diluted EPS | $5.90, up 103% year over year |
| GAAP operating margin | 20.5% |
| Non-GAAP operating margin | 34.1% |
| Operating cash flow | $1.3 billion, up 71% year over year |
| Free cash flow | $1.1 billion |
AI becomes the engine of growth
The standout figures came from Salesforce’s artificial-intelligence products. Combined Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up more than 210% year over year, while Agentforce ARR alone exceeded $1.5 billion, up more than 240%. The results underscore how enterprise customers are moving from AI experimentation to paid deployments as the company markets itself as the world’s leading AI customer-relationship-management platform.
Guidance raised, outlook brightens
Management raised its full-year fiscal 2027 revenue guidance by $200 million ($300 million in constant currency) and highlighted that current remaining performance obligations, or cRPO, growth accelerated to 14% year over year on a constant-currency basis. Salesforce described current-dollar growth as the strongest it has been in four years, keeping the company on track for second-half organic revenue reacceleration.
Anthropic partnership and the ‘AI super-cycle’
Salesforce also revealed a new partnership with Anthropic, tying its platform to the AI company’s models. Analysts and market watchers framed the quarter as evidence of a sustained “AI super-cycle” in enterprise software, where businesses are now spending faster on agents and integrated AI features than in prior technology waves. CNBC reported the stock jumped roughly 18% at one point in after-hours trading on the results and the Anthropic investment gain.
Video
The clips below provide commentary on the results. The first looks at why Salesforce’s Q2 earnings point to a broader AI-driven spending cycle, and the second breaks down the profit increase and the stock’s move after the report.
Confirmed vs. market reaction
| Confirmed in the report | Market commentary (not company-disclosed) |
|---|---|
| Revenue of $11.3 billion, up 11% year over year | The exact reason for the biggest intraday or after-hours swing in the stock |
| GAAP diluted EPS of $4.29 and non-GAAP diluted EPS of $5.90 | How much of the move is tied to the Anthropic investment gain vs. operating results |
| Agentforce and Data 360 ARR near $3.9 billion, up over 210% year over year | Forward consensus estimates for the remainder of fiscal 2027 |
| FY27 revenue guidance raised by $200 million | Whether the Anthropic partnership will become a major contributor to revenue |
Quarterly figures are from Salesforce’s official earnings press release; stock-move percentages and partnership assessments come from financial media coverage and are the views of those outlets, not company statements.
Frequently asked questions
How much revenue did Salesforce report in Q2 fiscal 2027?
Salesforce reported total revenue of $11.3 billion, up 11% year over year, which it described as a record for a second quarter.
Why did Salesforce stock jump after earnings?
Investors reacted to the earnings beat, accelerated AI revenue growth, a raised full-year outlook, and the new Anthropic partnership. CNBC reported the stock jumped roughly 18% at one point in after-hours trading.
What is Agentforce, and how fast is it growing?
Agentforce is Salesforce’s AI-agent product. Its annual recurring revenue exceeded $1.5 billion, up more than 240% year over year, according to the company.
Did Salesforce raise its guidance?
Yes. Salesforce raised its full-year fiscal 2027 revenue guidance by $200 million ($300 million in constant currency) alongside the quarterly report.
What does the Anthropic partnership mean?
Salesforce announced a partnership with Anthropic, whose models will be integrated into Salesforce’s platform. Some financial media described the tie-up as a boost to Salesforce’s AI story, on top of an investment gain related to Anthropic.
Is Salesforce profitable?
Yes. Salesforce reported GAAP diluted EPS of $4.29 and non-GAAP diluted EPS of $5.90 for the quarter, with a non-GAAP operating margin of 34.1%.
Sources: Salesforce (official press release), CNBC, Zacks Investment Research, Seeking Alpha, 24/7 Wall St.
