Salesforce, Inc. (NYSE:CRM) delivered another strong quarter, sending its stock higher after a solid earnings beat and a raised full-year outlook. The company’s ability to deliver Salesforce earnings growth despite a cautious macro environment reinforces its position as a leader in enterprise software and AI-powered customer solutions. Below is a full breakdown of the results, segment performance and what the updated guidance means for investors.
Q3 Highlights Show Accelerating Salesforce Earnings Growth
Salesforce reported non-GAAP earnings of $3.25 per share for Q3 fiscal 2026, surpassing expectations and marking a 34.9% increase year over year. This significant Salesforce earnings growth reflects continued execution on its go-to-market strategy and rising demand for AI-enhanced tools across its newly branded Agentforce suite.
Revenue hit $10.3 billion, rising 10% year over year and matching consensus estimates. The company benefited from customers adopting generative AI features across sales, support and analytics workflows—an area where Salesforce continues to lead.
Agentforce Segments Deliver Broad-Based Momentum
One of the major stories behind this quarter’s Salesforce earnings growth is the strength across its renamed Agentforce segments, which represent the core Subscription and Support business.
Key Segment Performances
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Agentforce Sales revenues grew 8.4% to $2.3 billion, driven by strong enterprise adoption.
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Agentforce Service climbed 9% to $2.5 billion as organizations invested in AI-powered support automation.
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Agentforce 360 Platform, Slack and Other delivered standout growth of 19.5%, reaching $2.18 billion.
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Agentforce Marketing & Commerce rose 2% to $1.36 billion.
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Agentforce Integration & Analytics increased 6.1% to $1.39 billion.
The Agentforce suite reflects Salesforce’s strategic pivot toward AI and unified cloud services. The company states that no revenue allocation was changed during the rebranding process.
Geographic Breakdown and Margin Strength
Salesforce also showed healthy growth across major regions, supporting the narrative of stable Salesforce earnings growth worldwide:
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Americas: $6.7 billion, up 8%
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EMEA: $2.5 billion, up 7%
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Asia Pacific: $1.1 billion, up 11%
Margins strengthened meaningfully. Non-GAAP operating income rose to $3.64 billion, with margin expansion of 240 basis points to 35.5%. Cost discipline and AI-driven efficiencies continue to support profitability.
Cash Flow, Buybacks, and Balance Sheet Details
Salesforce ended Q3 with $11.32 billion in cash, cash equivalents and marketable securities. The company generated $2.3 billion in operating cash flow and $2.2 billion in free cash flow—key components fueling Salesforce earnings growth.
Shareholder returns also remained strong this quarter:
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$3.8 billion in share repurchases
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$395 million in dividends
Total returned to shareholders: $4.2 billion
The current remaining performance obligation (cRPO) increased 11% to $29.4 billion, highlighting strong future revenue visibility.
FY26 Guidance Raised on Strong Momentum
Reflecting confidence in ongoing Salesforce earnings growth, management raised full-year fiscal 2026 guidance:
Updated FY26 Outlook
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Revenue: $41.45–$41.55 billion (from $41.1–$41.3B prior)
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Non-GAAP EPS: $11.75–$11.77 (up from $11.33–$11.37)
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Operating margin: 34.1% non-GAAP
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Operating cash flow growth: 13–14%, up from 12–13%
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Free cash flow growth: 13–14%
Subscription and Support revenue is now expected to grow just under 10%, an improvement over earlier projections.
The cRPO is expected to grow around 15% in Q4, further reinforcing healthy demand trends.
Q4 Fiscal 2026 Guidance
For Q4, Salesforce forecasts:
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Revenue: $11.13–$11.23 billion (11–12% growth)
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Non-GAAP EPS: $3.02–$3.04
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GAAP EPS: $1.47–$1.49
With AI-powered product enhancements and consistent margin expansion, Salesforce continues to show resilience and growth potential despite competitive pressures from peers like Microsoft (NASDAQ:MSFT) and Oracle (NYSE:ORCL).
Outlook: Salesforce Earnings Growth Remains the Key Theme
This quarter reinforces that the company’s transition toward AI-native cloud solutions is paying off. The combination of rising subscription revenues, robust cash flows and improved profitability positions Salesforce for continued expansion into FY26 and beyond. Investors watching Salesforce earnings growth may find the raised guidance particularly encouraging, as it reflects both strong current demand and optimism about long-term adoption of AI-driven enterprise software.
Overall, Salesforce’s Q3 performance underscores a powerful blend of innovation, discipline and customer-centric product development. The Agentforce rebranding aligns its offerings with the evolving AI landscape, helping differentiate Salesforce in an increasingly competitive field. With strengthened guidance and expanding adoption across global markets, the company appears well-positioned to sustain its leadership in enterprise cloud solutions.
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