Salesforce reported mixed Q3 results, with a small sales miss and a big earnings beat. Revenue rose 8.6% YoY to $10.26B, just below expectations. Adjusted EPS increased 35% YoY to $3.25. The company raised its FY 2026 outlook, now expecting revenue of $41.45B to $41.55B and adjusted EPS of $11.75 to $11.77. Shares rose in after-hours trading.

Salesforce’s AI platform, Agentforce, closed over 9,500 paid deals in Q3. Annual recurring revenue for Agentforce grew 330% YoY to $540M. The company’s operating margins exceeded expectations, thanks to expense timing and strong collection performance. Salesforce continues to expect revenue to reaccelerate over the next 12 to 18 months.

The company repurchased $3.8B of stock in Q3, the most in a single quarter this year. Salesforce raised guidance for FY 2026, now expecting revenue growth of 9% to 10% YoY. The early close of the Informatica deal contributed to the upside. For Q4, revenue is expected to be $11.13B to $11.23B, and adjusted EPS of $3.02 to $3.04. The new outlook is above consensus estimates.

Read more at CNBC: Salesforce’s raised guidance lifts the stock but doesn’t change our rating