Salesforce (CRM)
Coverage summary
Aardvark Labs Capital Research has covered Salesforce (CRM) since May 29, 2025. The company is in the Technology sector. This page lists 6 reports: 6 earnings recaps.
The latest is the Q2 FY27 Earnings Recap, published September 1, 2026. The current rating is Outperform, unchanged since the Q2 FY26 Earnings Recap of September 4, 2025. The rating has changed once since coverage began.
Translations: 6 in Chinese.
Rating history
All CRM reports
Recap: Q2 FY27
cRPO Clears the Guide and Claudeforce Lands, But the EPS Blowout Is a Portfolio Markup: Maintaining Outperform After a 25% Re-Rate
Recap: Q1 FY27
AgentForce Crosses $1B ARR and FY27 Midpoint Raised — But Q2 Guide Light, Organic Decel to ~8% Ex-Informatica, $25B ASR Debt-Funded Cuts FY27 OCF/FCF Growth to ~4-5%; Maintaining Outperform With Conviction Trimmed Pending Observable H2 Reacceleration
Recap: Q4 FY26
Q4 Revenue +12% Nominal / +10% Constant Currency — Material Acceleration, FY30 Target Raised to $63B From $60B, $50B Share Repurchase Authorization Announced, AgentForce Business ~$800M (+48% QoQ), AI + Data ARR $2.9B (+200% YoY) — Maintaining Outperform With Conviction
Recap: Q3 FY26
AgentForce ARR Explicit Disclosure at $540M (+330% YoY), Data Cloud + AI ARR $1.4B (+114%), Informatica Closed 3 Months Ahead of Schedule, OCF/FCF Guide Raised to +13-14%, Q3 Buyback $4B+ — Maintaining Outperform
Recap: Q2 FY26
Q2 Revenue +10% Beats Street, CRPO +10% Constant Currency Beats, AgentForce 6K Paid Deals (+50% QoQ), $20B Buyback Expansion Announced, FY26 Revenue + OCF/FCF Guide Raised — Upgrading From Hold (CB) to Outperform on Validated Growth Re-Acceleration
Recap: Q1 FY26
Q1 Revenue +8% Beats Estimates, AgentForce $100M ARR Fastest in CRM History, CRPO +11% Constant Currency Beats, Informatica $8B Acquisition Announced, FY26 Guide Raised $400M on FX Tailwind — Initiating at Hold (CB)