Salesforce Stock Surges on Strong Earnings and AI Growth

Salesforce's stock has surged by over 78% since hitting its 52-week low, reaching a pre-market price of $260.72 as of September 3rd.

This impressive rebound can be attributed to the company's Q2 FY27 earnings report, which significantly beat expectations with non-GAAP EPS of $5.90 and revenue of $11.3 billion (up 11% YoY).

The catalyst behind this rally is the company's AI engine, particularly Agentforce ARR, which grew by 240% YoY to $1.5 billion, and Data 360 ARR, which increased by 200% YoY to $2.4 billion.

Full-year guidance was raised to $46.1-$46.4 billion in revenue and EPS lifted to $16.67-$16.71 (from $14.06-$14.12), indicating a narrative reset for the company.