Salesforce Shares Soar on Blowout Earnings, Ease AI Fears

Salesforce's shares surged 22.58% after the company delivered blowout second-quarter earnings that eased concerns about AI agent tools cannibalizing demand for its core subscription business.

The stock closed at $252.05, its best single-day gain since 2020, and traded within range of its 52-week high of $267.75.

Salesforce reported revenue of $11.35bn, up 10.8% year-on-year, alongside adjusted earnings per share of $5.90, a significant beat against consensus estimates.

The results directly countered investor concerns that Salesforce's Agentforce AI product would erode demand for its CRM subscriptions.