Salesforce Defies SaaS Apocalypse Fears with Resilient Q2 Results

Salesforce (CRM) shares surged after the company's fiscal second-quarter results showed resilience in the face of 'SaaSpocalypse' fears.

The term refers to the massive selloff in enterprise software that began in early 2026, as investors worried about the impact of large language models (LLMs) on the SaaS business model.

Salesforce was one of the companies most closely associated with this trend, falling as much as 43% in the first half of 2026 alone.

However, the company's fiscal Q2 revenue of $11.35 billion, up roughly 11% year over year and slightly ahead of Wall Street expectations, showed that Salesforce is adapting to AI adoption.

The company's CFO and COO Robin Washington said net-new annual order value growth was the strongest Salesforce has produced in four years, while customer attrition remained near record lows.