Salesforce, Inc. (CRM) earnings on August 26, 2026

CRM price around the earnings

252.05

Change: +22.6%

Start of the measured window End of the measured window

204.51 221.06 237.62 254.17 205.62

August 26, 2026 August 27, 2026

Price: green if it ends above the starting price; red if it ends below
Start of the measured window
End of the measured window
Market open
No trading (market closed)
Starting price

Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published: 2026-08-26, 19:52 UTC
Results released: 2026-08-26, 20:02 UTC

Strong earnings beat record (100%) but +25.67% 30d rally and high IV (1.19) create after a strong recent rise sell-the-news risk.

Context analyzed before publication

Trend: Trajectory deteriorated from 53.8 to -1.1 over 3 days as after a strong recent rise conditions intensified; sell-the-news risk elevated.

Analysts

Evidence

Analyst consensus: Buy
Consensus average (1-5): 1.7
Analysts covering the stock: 54
Average price target: 243.98
Lowest price target: 160
Highest price target: 475
Upside to price target: 18.7%
Quarterly earnings growth: 36.7%
Revenue growth: 13.3%
Forward EPS: 15.52
Trailing EPS: 8.64
Analyst moves in the last 60 days: 10

Strong buy: 6
Buy: 33
Hold: 13
Sell: 0
Strong sell: 2

Strong buy: 6
Buy: 33
Hold: 13
Sell: 0
Strong sell: 2

August 25, 2026 · Citizens: Reiterates rating (Market Outperform → Market Outperform)
August 25, 2026 · Canaccord Genuity: Maintains rating (Buy → Buy)
August 24, 2026 · BTIG: Reiterates rating (Buy → Buy)
August 20, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
August 20, 2026 · Guggenheim: Reiterates rating (Buy → Buy)
August 20, 2026 · Cantor Fitzgerald: Reiterates rating (Overweight → Overweight)
August 18, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
August 12, 2026 · UBS: Maintains rating (Neutral → Neutral)
August 12, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
July 21, 2026 · Morgan Stanley: Downgrades rating (Overweight → Equal-Weight)

News and sentiment

Evidence

Sentiment

Sentiment: Constructive
Mention volume: High
Normalized volume: 99%

News

Sources (8)

Salesforce Stock Is Down 24% From Its High: Can Q2 Earnings Turn The Tide? (opens in a new tab) — Benzinga
Salesforce Beat Last Quarter EPS Estimates by 75 Cents — Can It Repeat That Today? (opens in a new tab) — Benzinga
How To Earn $500 A Month From Salesforce Stock Ahead Of Q2 Earnings (opens in a new tab) — Benzinga
Nvidia Could Swing By $286 Billion After Earnings (opens in a new tab) — Benzinga
Salesforce Q2 Preview: Stock Has Fallen After 5 of Last 8 Earnings Reports, Will This One Be Different? (opens in a new tab) — Benzinga
Salesforce Q2: AI Is Growing Fast, CRM Needs New Customers To Catch Up (opens in a new tab) — Benzinga
Citizens Reiterates Market Outperform on Salesforce, Maintains $315 Price Target (opens in a new tab) — Benzinga
Salesforce To Report Mixed Q2; Investors Remain Skeptical About H2 Acceleration (opens in a new tab) — Benzinga

Technicals

Evidence

Price when the context was analyzed: 205.63
Average true range (ATR): 3.4%
Distance to 52-week high: -22.4%
14-day change (14d): +4.1%
30-day change (32d): +25.7%
30-day relative strength: +22.0%
SPY change (32d): +3.6%
Nearest support: 204.82
Distance to nearest support: 0.4%
Nearest resistance: 206.23
Distance to nearest resistance: 0.3%
Volume accumulation ratio (14d / 46d): 0.77

Mid: 204.82 (0.4% away, 0.11 ATR, 8 touches)
Mid: 202.95 (1.3% away, 0.38 ATR, 8 touches)
Minor: 200.45 (2.5% away, 0.73 ATR, 5 touches)

Minor: 206.23 (0.3% away, 0.08 ATR, 1 touches)
Mid: 207.94 (1.1% away, 0.33 ATR, 11 touches)
Minor: 209.97 (2.1% away, 0.61 ATR, 2 touches)

Trends

Evidence

Average earnings surprise: +16.8%

May 27, 2026: actual EPS 3.88 vs estimate 3.13 (surprise +24.1%)
February 25, 2026: actual EPS 3.81 vs estimate 3.05 (surprise +24.9%)
December 3, 2025: actual EPS 3.25 vs estimate 2.86 (surprise +13.6%)
September 3, 2025: actual EPS 2.91 vs estimate 2.78 (surprise +4.7%)

Expected move

Implied move: +6.2%
Source: Options chain

Reactions over its last 20 earnings

Median move: 4%
75th percentile move: 9.4%
90th percentile move: 11.4%
Up / down moves: 10 / 10
Average up move: +5.8%
Average down move: -6.2%

Monitoring and close

What Salesforce, Inc. reported

Status: Finished

Actual EPS	5.9
EPS estimate	3.27
EPS surprise	+80.4%
Revenue	$11,345 million
Revenue estimate	$11,320 million
Revenue surprise	+0.2%

Salesforce beat Q2 expectations, raised FY2027 guidance, and announced an Anthropic partnership. Shares react optimistically to the results.

Sources (11)

Salesforce Stock Soars On Q2 Double Beat, 'Claudeforce' Anthropic Partnership (opens in a new tab) — Benzinga
Salesforce Says Final Settlement Of $25B Accelerated Share Repurchase Expected In October 2026; With U.S. Dollar Strengthening In Q2, Salesforce Now Expects Reduced Currency Tailwind For Business Relative To Prior Guidance; On Track For Second-Half Organic Revenue Reacceleration (opens in a new tab) — Benzinga
Salesforce, Anthropic Announcing Claudeforce Collaboration (opens in a new tab) — Benzinga
Salesforce Raises FY2027 GAAP EPS Guidance from $7.93-$7.99 to $10.21-$10.25 vs $8.16 Est (opens in a new tab) — Benzinga
Salesforce Sees Q3 GAAP EPS $1.81-$1.83 vs $1.90 Est (opens in a new tab) — Benzinga
Salesforce Raises FY2027 Adj EPS Guidance from $14.06-$14.12 to $16.67-$16.71 vs $14.14 Est; Raises FY2027 Sales Guidance from $45.900B-$46.200B to $46.100B-$46.400B vs $46.111B Est (opens in a new tab) — Benzinga
Salesforce Sees Q3 Adj EPS $3.42-$3.44 vs $3.37 Est; Sees Sales $11.420B-$11.500B vs $11.407B Est (opens in a new tab) — Benzinga
Salesforce beat expectations with adjusted earnings of $5.90 per share, above the $3.27 estimate. Revenue of $11.345 billion also surpassed forecasts. — Benzinga
Salesforce Q2 Adj. EPS $5.90 Beats $3.27 Estimate, Sales $11.345B Beat $11.320B Estimate (opens in a new tab) — Benzinga
Nvidia, Meta, Revolution Medicines, Abercrombie, Intuit, Salesforce, Moderna, and More Stocks That Explain Today’s Market (opens in a new tab) — Barrons.com
Salesforce (CRM) Has a $315 Bull Case, but Earnings Need to Prove One Thing (opens in a new tab) — Insider Monkey

Pre-market second reading after the results

Verdict: Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +9.9% pre-market, a move above the stock's usual reaction (about 4%). The figures don't confirm the prior scenario: there was no prior directional scenario to check against.

How the stock reacted

Consolidated: +22.6%
Max move: +23.8%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.