Salesforce Stock Rises -- Smashes EPS Forecast and Unveils Bold 2026 Outlook
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Salesforce (CRM) shares rose about 2% after the company posted stronger-than-expected third-quarter earnings.
Non-GAAP EPS reached $3.25, topping estimates by $0.39. Revenue was $10.26 billion, up roughly 9% from a year earlier and in line with market expectations.
Remaining performance obligations climbed to $59.5 billion, an increase of about 12%. The company said Informatica contributed several points to growth across its bookings metrics.
For the fourth quarter, Salesforce projected revenue of $11.13 billion to $11.23 billion, above the $10.90 billion consensus. Non-GAAP EPS guidance of $3.02 to $3.04 landed near analyst forecasts.
Full-year fiscal 2026 revenue is expected to range from $41.45 billion to $41.55 billion. The company guided non-GAAP EPS to $11.75 to $11.77, compared with Wall Street views of $11.38.
Salesforce also forecast mid-teens growth in operating and free cash flow as it continues to expand margins.
Salesforce Stock Rises -- Smashes EPS Forecast and Unveils Bold 2026 Outlook
============================================================================
Salesforce (CRM) shares rose about 2% after the company posted stronger-than-expected third-quarter earnings.
Non-GAAP EPS reached $3.25, topping estimates by $0.39. Revenue was $10.26 billion, up roughly 9% from a year earlier and in line with market expectations.
Remaining [performance](https://seekingalpha.com/news/4528279-salesforce-non-gaap-eps-of-3_25-beats-by-0_39-revenue-of-10_26b-in-line) obligations climbed to $59.5 billion, an increase of about 12%. The company said Informatica contributed several points to growth across its bookings metrics.
For the fourth quarter, Salesforce projected revenue of $11.13 billion to $11.23 billion, above the $10.90 billion consensus. Non-GAAP EPS guidance of $3.02 to $3.04 landed near analyst forecasts.
Full-year fiscal 2026 revenue is expected to range from $41.45 billion to $41.55 billion. The company guided non-GAAP EPS to $11.75 to $11.77, compared with Wall Street views of $11.38.
Salesforce also forecast mid-teens growth in operating and free cash flow as it continues to expand margins.