Q1 26 EPS
$2.58
BEAT +1.29%
Est. $2.55
Q1 26 Revenue
$9.83B
BEAT +0.81%
Est. $9.75B
vs S&P Since Q1 26
-55.9%
TRAILING MARKET
CRM -33.8% vs S&P +22.1%
Market Reaction
Did CRM Beat Earnings? Q1 2026 Results
Salesforce opened fiscal 2026 on a strong note, delivering a clean beat across the board as the enterprise software giant posted Q1 revenue of $9.83 billion, up 7.6% year-over-year and ahead of the $9.75 billion consensus, while non-GAAP diluted EPS … Read more Salesforce opened fiscal 2026 on a strong note, delivering a clean beat across the board as the enterprise software giant posted Q1 revenue of $9.83 billion, up 7.6% year-over-year and ahead of the $9.75 billion consensus, while non-GAAP diluted EPS of $2.58 edged past the $2.55 estimate by 1.29%. The standout driver behind the quarter was Salesforce's rapidly maturing AI platform: Data Cloud and AI annual recurring revenue crossed $1 billion, growing more than 120% year-over-year, while Agentforce has now closed over 8,000 deals since launch, a signal that the company's AI momentum is translating into real commercial traction. The company also announced a definitive agreement to acquire Informatica, which management framed as a move to build the most complete AI and data platform for the enterprise. Looking ahead, Salesforce raised its full-year FY26 revenue guidance by $400 million to a range of $41.00 billion to $41.30 billion, reflecting 8%-9% growth, while maintaining its non-GAAP operating margin target of 34.0%.
Key Takeaways
- • Strong adoption of Data Cloud and AI products driving ARR above $1 billion
- • Nearly 60% of Q1 top 100 deals included Data Cloud and AI
- • More than half of top 100 deals included 6+ Clouds, showing cross-sell momentum
- • Platform and Other segment grew 14% in constant currency, fastest among product lines
- • Currency tailwind from weakening U.S. dollar
- • Operating margin expansion on both GAAP and non-GAAP basis
CRM YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CRM Revenue by Segment
With YoY comparisons, source: SEC Filings
CRM Revenue by Geography
With YoY comparisons, source: SEC Filings
“We delivered strong Q1 results and are raising our guidance by $400 million to $41.3 billion at the high end of the range. We've built a deeply unified enterprise AI platform—with agents, data, apps, and a metadata platform—that is unmatched in the industry. With Agentforce, Data Cloud, our Customer 360 apps, Tableau, and Slack all built on one trusted, unified foundation, companies of every size can build a digital labor force—boosting productivity, reducing costs, and accelerating growth. And, with our agreement to acquire Informatica, we will bring together the industry's leading AI CRM and AI-powered MDM and ETL platform to create the most complete, intelligent AI and data platform for the enterprise.”
— Marc Benioff, Q1 2026 Earnings Press Release
CRM Earnings Trends
CRM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CRM EPS Trend
Earnings per share: estimate vs actual
CRM Revenue Trend
Quarterly revenue: estimate vs actual
CRM Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $3.05 | $3.81 | +24.92% | $11.20B | — |
| FY Full Year | $11.77 | $12.52 | +6.36% | $41.53B | +0.08% |
| Q3 26 BEAT | $2.86 | $3.25 | +13.57% | $10.26B | -0.13% |
| Q2 26 BEAT | $2.78 | $2.91 | +4.71% | $10.24B | +0.97% |
| Q1 26 BEAT | $2.55 | $2.58 | +1.29% | $9.83B | +0.81% |
| Q4 25 BEAT FY | $2.61 | $2.78 | +6.43% | $9.99B | -0.42% |
| FY Full Year | — | $10.20 | — | $37.90B | — |
| Q3 25 MISS | $2.45 | $2.41 | -1.47% | $9.44B | +1.04% |