Salesforce Q2 Earnings: AI Growth vs. Slowing Core Business

Salesforce is set to report its fiscal second-quarter 2027 results on August 26. Analysts expect adjusted earnings of $3.27 per share, a 12% increase from last year's quarter.

The revenue estimate of $11.33 billion represents about an 11% growth from the previous year. This figure falls within Salesforce's own guidance range of $11.27 billion to $11.35 billion.

Despite strong AI momentum, Salesforce has several areas of weakness, particularly in Commerce, Tableau, and Marketing. These businesses have shown weaker bookings and renewals.