Salesforce CEO Marc Benioff gave an interview in San Francisco, where the company reported Q2 earnings above estimates. Revenue rose by 10% to $10.24 billion, with net income increasing to $1.89 billion. However, guidance for Q3 fell short, causing a 4% stock drop in extended trading. Salesforce is targeting $11.33-$11.37 in full-year adjusted earnings per share on $41.1-$41.3 billion in revenue, higher than analyst estimates. The company’s stock has fallen 23% this year, lagging behind other large-cap tech firms due to disappointing revenue growth. Salesforce is combating AI disruption fears by launching Agentforce AI software and increasing product costs. The company also announced an $8 billion acquisition of Informatica during the quarter. Analysts at Jefferies have a buy rating on the stock, citing a 10-year low in the enterprise value-to-free cash flow ratio. Salesforce executives will discuss results on a conference call at 5 p.m. ET.

Read more at CNBC: Salesforce (CRM) Q2 earnings report 2026