Salesforce, Inc. is banking on Agentforce to boost growth as revenue expansion slows to single digits. Revenues in the first, second, and third quarters of fiscal 2026 rose 7.6%, 9.8%, and 8.6% respectively year over year. The company is focusing on AI, data, and collaboration to drive growth.

Salesforce’s Agentforce platform is gaining momentum, generating $1.4 billion in recurring revenues in Q3 fiscal 2026, a 114% increase YoY. Agentforce alone brought in $540 million in recurring revenues, up 330% YoY. Booking trends are positive, with a remaining performance obligation of $29.4 billion.

Salesforce faces competition from Microsoft and ServiceNow in the AI automation market. Microsoft’s Copilot tools integrate AI into Dynamics 365, while ServiceNow’s Now Assist platform automates various tasks. Salesforce’s share price has dropped 21.3% YTD, but its forward P/E ratio is below the industry average.

The Zacks Consensus Estimate predicts a 14.2% and 10.5% YoY increase in Salesforce’s fiscal 2026 and 2027 earnings. The company currently holds a Zacks Rank #3 (Hold). Investors can access Zacks’ AI Boom 2.0 report to discover under-the-radar AI companies poised for growth in the second wave of AI stocks.

Read more at Nasdaq: Can Agentforce Momentum Help Salesforce Reignite Revenue Growth?