Salesforce beat its quarterly revenue estimates and grew its AI business by 120% year-over-year. The stock still dropped.
Shares of the CRM giant fell between 3% and 8% in post-market trading on September 4 after the company issued Q3 revenue guidance that landed below Wall Street expectations. The forecast range of $10.24 to $10.29 billion, while representing continued growth, wasn’t enough to satisfy investors already jittery about AI’s uncertain return on investment.
Fiscal Q2 2026 revenue hit $10.2 billion, a 10% year-over-year increase that cleared analyst estimates. The company even raised its full-year revenue outlook.
The AI paradox: growing fast, monetizing slow
Data Cloud and AI annual recurring revenue climbed to $1.2 billion, representing a 120% jump from the same period last year. The company’s Agentforce initiative has racked up thousands of paid customer deals.
