Salesforce Stock Dips Despite AI Deal and Strong Q2 Growth

Salesforce stock (CRM, ISIN US79466L3024) ended October 2, 2026, at USD 234.69, marking a 0.84% decline from the previous session on the NYSE. The company's latest developments include a planned AI acquisition and a 10.8% growth in fiscal Q2 2027.

Salesforce announced a definitive agreement to acquire Listen Labs, an AI-powered customer research platform. The deal, reported by MarketBeat on October 1, 2026, comes alongside expanded AI governance partnerships. The immediate focus is on product adoption and the integration of the acquisition into Salesforce's growth strategy.

Despite the share price dip, Salesforce's financial performance shows strength. Fiscal Q2 2027 non-GAAP earnings per share rose 102.7% year over year to USD 5.90, while revenue reached USD 11.35 billion, up 10.8%, according to Zacks on September 25, 2026. The company's remaining performance obligations increased 14% year over year to USD 33.5 billion.

Salesforce's AI metrics are outpacing total revenue growth. Agentforce's annual recurring revenue (ARR) surpassed USD 1.5 billion, rising over 240% year over year. The company also raised its fiscal 2027 revenue guidance to between USD 46.10 billion and USD 46.40 billion. Analysts maintain a Moderate Buy consensus with an average price target of USD 275.14, 17.2% above the October 2 closing price.