Salesforce Crushes Q2 Earnings, AI Growth Accelerates

Salesforce released its fiscal Q2 2027 earnings report, exceeding expectations on adjusted EPS and free cash flow. The stock is up 22% at $250.89, with management raising full-year EPS guidance by nearly $2.60 to $16.67, $16.71.

The numbers tell a story of AI investment turning into measurable revenue. Revenue hit $11.35 billion (+11% YoY), but the real headline is beneath the surface: Agentforce annual recurring revenue reached $1.5 billion, growing more than 240% year-over-year.

Claudeforce, a new AI plug-in developed with Anthropic, was announced as a potential 'trajectory changer' for 2027. Analysts are cautiously bullish, with Jefferies raising their price target to $300 and TD Cowen calling it a game-changer.