Salesforce Inc. (NYSE: CRM) reported better-than-expected third-quarter earnings and raised its FY26 guidance on Wednesday.
Salesforce reported third-quarter revenue of $10.26 billion, narrowly missing the consensus estimate of $10.27 billion, according to Benzinga Pro. Adjusted earnings came in at $3.25 per share, well above expectations of $2.86 per share.
Marc Benioff, chair and CEO of Salesforce said, "Our Agentforce and Data 360 products are the momentum drivers, hitting nearly $1.4 billion in ARR — an explosive 114% year-over-year gain. We now have over 9,500 paid Agentforce deals and 3.2 trillion tokens processed, underscoring our leadership in building the Agentic Enterprise and driving real outcomes."
Salesforce expects fourth-quarter revenue to be in the range of $11.13 billion to $11.23 billion versus estimates of $10.90 billion. The company anticipates fourth-quarter adjusted earnings of $3.02 to $3.04 per share versus estimates of $3.04 per share.
Salesforce raised its fiscal 2026 revenue guidance to a range of $41.45 billion to $41.55 billion versus estimates of $41.25 billion. The company also raised its full-year adjusted earnings guidance to a range of $11.75 to $11.77 per share versus estimates of $11.37 per share.
Salesforce shares gained 1.2% to trade at $241.38 on Thursday.
These analysts made changes to their price targets on Salesforce following earnings announcement.
- Citizens analyst Patrick Walravens maintained Salesforce with a Market Outperform and lowered the price target from $430 to $405.
- Baird analyst Rob Oliver maintained the stock with an Outperform rating and lowered the price target from $325 to $315.
- BMO Capital analyst Keith Bachman maintained Salesforce with an Outperform rating and cut the price target from $280 to $275.
Considering buying CRM stock? Here’s what analysts think:
**Salesforce Inc.** (NYSE: CRM) reported better-than-expected third-quarter earnings and raised its FY26 guidance on Wednesday.
Salesforce reported third-quarter revenue of $10.26 billion, narrowly missing the consensus estimate of $10.27 billion, according to Benzinga Pro. Adjusted earnings came in at $3.25 per share, well above expectations of $2.86 per share.
Marc Benioff, chair and CEO of Salesforce said, "Our Agentforce and Data 360 products are the momentum drivers, hitting nearly $1.4 billion in ARR — an explosive 114% year-over-year gain. We now have over 9,500 paid Agentforce deals and 3.2 trillion tokens processed, underscoring our leadership in building the Agentic Enterprise and driving real outcomes."
Salesforce expects fourth-quarter revenue to be in the range of $11.13 billion to $11.23 billion versus estimates of $10.90 billion. The company anticipates fourth-quarter adjusted earnings of $3.02 to $3.04 per share versus estimates of $3.04 per share.
Salesforce raised its fiscal 2026 revenue guidance to a range of $41.45 billion to $41.55 billion versus estimates of $41.25 billion. The company also raised its full-year adjusted earnings guidance to a range of $11.75 to $11.77 per share versus estimates of $11.37 per share.
Salesforce shares gained 1.2% to trade at $241.38 on Thursday.
These analysts made changes to their price targets on Salesforce following earnings announcement.
- Citizens analyst Patrick Walravens maintained Salesforce with a Market Outperform and lowered the price target from $430 to $405.
- Baird analyst Rob Oliver maintained the stock with an Outperform rating and lowered the price target from $325 to $315.
- BMO Capital analyst Keith Bachman maintained Salesforce with an Outperform rating and cut the price target from $280 to $275.
**Considering buying CRM stock? Here’s what analysts think:**
<p><strong>Salesforce Inc.</strong> <a href="https://www.benzinga.com/quote/CRM" target="_blank" class="ticker-link" data-ticker="CRM" data-exchange="NYSE" rel="noopener">(NYSE:<a class="ticker" href="https://www.benzinga.com/quote/CRM">CRM</a>)</a> reported better-than-expected third-quarter earnings and <a href="https://www.benzinga.com/quote/crm/earnings">raised its FY26 guidance on Wednesday.</a></p>
<p>Salesforce reported third-quarter revenue of $10.26 billion, narrowly missing the consensus estimate of $10.27 billion, according to Benzinga Pro. Adjusted earnings came in at $3.25 per share, well above expectations of $2.86 per share.</p>
<p>Marc Benioff, chair and CEO of Salesforce said, "Our Agentforce and Data 360 products are the momentum drivers, hitting nearly $1.4 billion in ARR — an explosive 114% year-over-year gain. We now have over 9,500 paid Agentforce deals and 3.2 trillion tokens processed, underscoring our leadership in building the Agentic Enterprise and driving real outcomes."</p>
<p>Salesforce expects fourth-quarter revenue to be in the range of $11.13 billion to $11.23 billion versus estimates of $10.90 billion. The company anticipates fourth-quarter adjusted earnings of $3.02 to $3.04 per share versus estimates of $3.04 per share.</p>
<p>Salesforce raised its fiscal 2026 revenue guidance to a range of $41.45 billion to $41.55 billion versus estimates of $41.25 billion. The company also raised its full-year adjusted earnings guidance to a range of $11.75 to $11.77 per share versus estimates of $11.37 per share.</p>
<p>Salesforce shares gained 1.2% to trade at $241.38 on Thursday.</p>
<p>These analysts made changes to their price targets on Salesforce following earnings announcement.</p>
<ul class="wp-block-list">
<li>Citizens analyst Patrick Walravens maintained Salesforce with a Market Outperform and lowered the price target from $430 to $405.</li>
<li>Baird analyst Rob Oliver maintained the stock with an Outperform rating and lowered the price target from $325 to $315.</li>
<li>BMO Capital analyst Keith Bachman maintained Salesforce with an Outperform rating and cut the price target from $280 to $275.</li>
</ul>
<p><strong>Considering buying CRM stock? Here’s what analysts think:</strong> </p>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/CRM/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="587" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/12/04094007/image-77-1024x587.png" alt="" class="wp-image-1197522" style="width:586px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/12/04094007/image-77-1024x587.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/12/04094007/image-77-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/12/04094007/image-77-768x440.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/12/04094007/image-77.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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<p>Photo via Shutterstock</p>