Salesforce (CRM) reported a blockbuster Q2, significantly beating adjusted EPS and revenue estimates, and raising FY27 guidance. This strong performance, coupled with a deepened AI partnership and a substantial gain on its Anthropic stake, led to a 24% rally in its stock, marking its best week since August 2020.
Salesforce (CRM) experienced a significant rally after reporting a 'blockbuster' second quarter. The company's adjusted EPS of $5.90 crushed the $3.27 consensus, an 80% beat, and revenue grew 11% year-over-year to $11.35 billion. Management also lifted fiscal-year 2027 adjusted EPS guidance well above Street estimates. This strong financial performance, combined with the unveiling of 'Claudeforce' – a deepened partnership with Anthropic making Claude the default AI model across its products – and a $2.6 billion mark-to-market gain on its Anthropic stake, quieted concerns about AI agents eroding its licensing model. This news is a major positive catalyst for CRM, indicating strong operational execution and strategic positioning in the AI space, leading to a significant short-term stock price increase and potentially sustained long-term growth.