Salesforce (CRM) Stock Rises as AI Strategy Takes Center Stage

TLDR

• Salesforce stock rose 3.22% to $182.22, lifted by a broader software sector rebound following strong earnings from Atlassian, Twilio, and Five9.
• The company unveiled a new revenue reporting structure for FY2027, splitting disclosures into “Agentforce Apps” and “Data 360, Platform & Other.”
• Barclays named Salesforce a top pick, citing AI as an additive force for enterprise software vendors.
• Salesforce and Google Cloud expanded their partnership to let AI agents run workflows across both platforms.
• Next earnings are expected May 27, 2026, with an EPS estimate of $2.96.

Salesforce stock climbed 3.22% on Thursday, hitting $182.22 during the session, as a wave of positive earnings from peers lifted the broader software sector.

Salesforce, Inc., CRM

Atlassian, Twilio, and Five9 all reported strong results, giving investors a reason to rotate back into software names. Salesforce caught a ride on that momentum.

The gains weren’t just about sector tailwinds, though. Salesforce dropped a meaningful update to how it plans to report revenue going forward — and the market took notice.

Starting in FY2027, the company will break its revenue into two buckets: “Agentforce Apps,” which covers Sales Cloud, Slack, MuleSoft, and Tableau, and “Data 360, Platform & Other,” which houses the data and infrastructure layer underneath.

It’s a deliberate reframe. Salesforce is essentially telling investors: here’s how the AI business looks when you strip everything else away.

The recast FY2026 numbers give some useful context. Agentforce Apps brought in roughly $26.7 billion, up 7%. The platform and data side grew faster, up 15% to about $12.7 billion. Total subscription and support revenue came in at $39.4 billion, up 10%.

To ease the transition, Salesforce will report under both the old and new formats during FY2027 before fully switching to the new structure in FY2028.

Barclays Adds Its Weight

On the analyst side, Barclays named Salesforce one of its top picks among infrastructure software companies best positioned to benefit from AI. The bank’s view is that AI will add to enterprise software spending rather than replace it — a constructive take for CRM bulls.

Truist Securities separately reiterated a Buy rating following Salesforce’s TDX developer conference. Analyst consensus on CRM continues to sit around a “Moderate Buy,” with the stock still trading well below the GuruFocus GF Value estimate of $306.54.

The stock had previously hit a 52-week low of $163.52, so Thursday’s move represents a meaningful recovery from those depths.

Google Cloud Partnership Expands

Salesforce and Google Cloud announced an expanded partnership that lets AI agents execute workflows across both platforms. The move deepens the commercial case for Agentforce and adds weight to Salesforce’s push to become the operating layer for enterprise AI.

The broader market also helped. The S&P 500 was up 0.67%, the Nasdaq gained 1.12%, and the Dow was up 0.14% on the day — a broadly risk-on environment that gave tech stocks room to run.

Salesforce is due to report earnings on May 27, 2026. The current EPS estimate sits at $2.96.

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