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Salesforce shares jump after Q2 revenue, earnings, and guidance beat
Salesforce posted $11.35 billion in net revenue, with subscription and service revenue up 12% and adjusted EPS rising to $5.90, more than $2.60 above forecasts.
Salesforce shares rose after its Q2 release signaled improving performance and reduced concern that AI will disrupt its business, according to MarketBeat Ratings.
The company reported $11.35 billion in net revenue, with strength across segments and regions. Subscription and service, its core segment, increased 12%, while annual recurring revenue approached $40 billion and was up 210% year over year.
Salesforce also highlighted momentum in its AI offering, including Agentic Work Units, which were up 97% sequentially. Profitability came through as adjusted net income grew by more than 100%, lifting adjusted earnings per share to $5.90, over $2.60 above forecasts.
MarketBeat Ratings added that cash generation remained a key pillar, with the business reiterating that cash from operations and free cash flow are solid enough to sustain growth and return capital. Salesforce did not complete a large buyback in Q2, but its average share count was down about 12.5% at the end of the first fiscal half, and it remains on track with aggressive repurchase plans.