Salesforce entered a definitive agreement to acquire Braze for approximately $5.66 billion in enterprise value, with Braze Class A holders receiving $47.50 in cash per share; closing is expected in Salesforce’s fiscal year 2028.
CRM · Salesforce, Inc.
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY27 earnings call · Aug 26, 2026TL;DR. Salesforce reported record Q2 FY27 results with cRPO up 14% Y/Y in constant currency, raised FY27 revenue guidance by $300M in CC ($200M nominal), and unveiled the ClaudeForce product with Anthropic while highlighting Agentforce ARR of $1.5B and accelerating AI consumption.
- + Raised FY27 revenue guidance by $300M in constant currency, including $200M from pending Contentful and Fin acquisitions and $100M of organic growth.
- + cRPO accelerated to 14% Y/Y in constant currency, one point ahead of guidance.
- + Agentforce ARR exceeded $1.5B, up over 240% Y/Y, with Agentforce and Data 360 ARR reaching nearly $3.9B, up over 210% Y/Y.
- + Free cash flow of $1.1B grew 81% Y/Y.
- + Announced new ClaudeForce product with Anthropic combining Claude AI with the Salesforce platform.
- − FX headwind of $100M incorporated into updated FY27 revenue guidance.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Agentforce and Data 360 annual recurring revenue | $3.9B | Q2 FY27 | — |
| Agentforce ARR | $1.5B | Q2 FY27 | — |
| Current remaining performance obligation | $33.5B | Q2 FY27 | — |
| Data 360 records ingested | 104T | Q2 FY27 | — |
| Data 360 records ingested via Zero Copy | 82T | Q2 FY27 | — |
| Data 360 unstructured data processed | 22 | Q2 FY27 | — |
| Free cash flow non-GAAP | $1.1B | Q2 FY27 | — |
GAAP → non-GAAP reconciliationGAAP GAAP net cash provided by operating activities 1.27B
-171M Capital expenditures
= Free cash flow 1.1B
|
|||
| Non-GAAP operating margin non-GAAP | 34.1% | Q2 FY27 | — |
| Remaining performance obligation | $66.3B | Q2 FY27 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
CRM
this stock
Salesforce, Inc.
|
$183.04B | -19.3% | +25.9% | 20.3 | 3.4% |
|
SAP
Sap SE
|
$269.25B | -3.9% | — | — | 0.1% |
|
QH
QUHUO Ltd
|
$242.08B | +150.0% | +59.7% | — | 0.0% |
|
SHOP
Shopify Inc.
|
$191.38B | -7.5% | +30.1% | 90.2 | 1.6% |
|
UBER
Uber Technologies, Inc
|
$140.05B | -16.1% | +18.3% | 40.6 | 2.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 20, 2026
- This year
- 27
Salesforce entered a definitive agreement to acquire Braze for approximately $5.66 billion in enterprise value, with Braze Class A holders receiving $47.50 in cash per share; closing is expected in Salesforce’s fiscal year 2028.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| CRM | -6.8% | -6.8% | +19.0% | -6.8% | -19.4% |
| SPY | -2.7% | -5.6% | -0.5% | -2.7% | +7.8% |
| vs SPY | -4.1% | -1.2% | +19.5% | -4.1% | -27.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.