Salesforce boosts its outlook on AI momentum, injecting some enthusiasm into its shares

Could a little new momentum from Salesforce’s AI offerings be what the company needs to start a recovery in its stock?

Shares of Salesforce (CRM) recently rose 3% in extended trading on Wednesday, after the software giant reported better-than-expected quarterly earnings and raised its forecasts on the back of growth from its data products and artificial intelligence offerings.

The customer relationship management software leader reported adjusted earnings per share of $3.25 for the third quarter of fiscal 2026, well above the $2.86 that analysts were looking for. Its revenue, which jumped 9% year over year to $10.26 billion, was roughly in line with estimates compiled by Visible Alpha.

Salesforce’s Agentforce, which helps companies build personalized AI agents, has been a key driver of growth, along with the company’s own data products, CEO Marc Benioff said. Annual recurring revenue from the Agentforce and Data 360 offerings doubled year-over-year to $1.4 billion.

Looking ahead, Salesforce said it now expects full-year adjusted earnings of $11.75 to $11.77 on revenue of $41.45 to $41.55 billion, compared to its previous EPS forecast of $11.33 to $11.37 on revenue of $41.1 billion to $41.3 billion.

A stronger outlook could help jump-start a recovery in the company’s shares, which were down nearly 30% for 2025 ahead of Wednesday’s results after its previous outlook disappointed.