CRM
Salesforce, Inc.
CRM cloud leader pushing Agentforce AI agents across Sales, Service, and Data Cloud.
$275.64
-0.94 (-0.34%) session
Demo quote — not a live market feed
Market cap
$255B
P/E
38.0
Div yield
0.55%
Volume
21M
Price history
+19.37% over 1Y
Illustrative demo series
At a glance
Primary R&D focus
Horizon score
Solid forward setup
Distribution is elite; proof of AI attach still needs more quarters.
Forward brief
What matters next — not a recap of last quarter
Salesforce’s future is Agentforce + Data Cloud monetization — not trailing subscription beats alone. R&D is core and well-aligned. Next earnings: cRPO growth and any AI ARR disclosure.
Next earnings
Q3 FY2027 · Dec 2, 2026
Expected EPS
$2.55
Expected revenue
$10.1B
Report date
Dec 2, 2026
cRPO growth and Agentforce attach will decide if AI is monetizing.
What to watch on the call
- cRPO / remaining performance obligation growth
- Data Cloud + AI ARR commentary
- Operating margin
- Agentforce customer metrics
Questions that actually matter
- Is Agentforce generating incremental ACV or just a feature checkbox?
- Can Data Cloud become the system of record for enterprise AI context?
R&D deep dive
Not just “they invest in R&D” — in what, for when, and is it core?
Annual R&D / tech spend
~$5B+
Spend trend
Rising
% of revenue
See filings
R&D is squarely aimed at AI agent monetization and data platform — highly relevant to whether Salesforce re-rates as an AI beneficiary.
Agentforce autonomous agents
AI agents that act across CRM workflows — sales outreach, service resolution, ops.
Strategic bet: Re-accelerate growth by selling AI agents on top of the CRM install base.
Data Cloud & zero-copy integrations
Unified customer data platform that feeds agents with trusted enterprise context.
Strategic bet: Own the data layer so agents aren’t hollow demos.
Strategic bets
Where management is placing multi-year chips
Agents on CRM install base
Turn every seat into higher ARPU via autonomous agents.
Horizon · 2–3 years
Upcoming catalysts
Dec 2, 2026
FY Q3 earnings
cRPO + AI attach
Dreamforce product announcements
Narrative resets
Forward risks
AI feature competition
Microsoft, HubSpot, and vertical SaaS may ship ‘good enough’ agents cheaper.