Salesforce Stock Soars After Strong Results, Raised Outlook
Salesforce shares surged Thursday, a day after the enterprise software maker posted second-quarter results that exceeded analysts' expectations and raised its full-year outlook.
The company also announced an expanded AI partnership with Anthropic.
Salesforce stock is rallying after the enterprise software maker's second-quarter results topped expectations.
Shares of Salesforce (CRM) popped nearly 23%, making it the biggest gainer in the Dow Jones Industrial Average Thursday. The company reported revenue of $11.35 billion, narrowly beating the $11.33 billion analyst consensus, while adjusted earnings per share of $5.90 doubled year-over-year and handily topped the $3.28 forecast.
Looking ahead, Salesforce lifted its full-year sales forecast to $46.1 billion to $46.4 billion, up from $45.9 billion to $46.2 billion previously. Adjusted EPS are now seen coming in between $10.21 and $10.25 for the full year, well above the prior range of $7.93 to $7.99.
Alongside last night's earnings, Salesforce also announced an expanded deal with Anthropic to introduce "Claudeforce" to its customers, combining Anthropic's advanced AI models with Salesforce's software and broad customer base. JPMorgan analysts said the deal could help ease worries about AI disruption, as Salesforce shows willingness to partner with AI leaders rather than competing directly with them.
Analysts from JPMorgan, Morgan Stanley, and Jefferies all hiked their price targets for Salesforce's stock following the report. Morgan Stanley analysts called the quarter "a step in the right direction," but said they are maintaining a neutral rating until they see lasting evidence of accelerating sales from Salesforce's new AI products.
Even with Thursday's rise, shares of Salesforce remain in negative territory for the year. The stock was down more than 20% for 2026 through Wednesday's close.
