Salesforce (NYSE:CRM) Updates Q3 2026 Earnings Guidance

Key Points

• Salesforce has updated its Q3 2026 earnings guidance, projecting an EPS of 2.840-2.860, exceeding the consensus estimate of 2.560, along with revenue guidance of $10.2 billion-$10.3 billion.
• Research analysts show a mixed outlook, with price targets ranging from $335.00 to $423.00, and a consensus rating of "Moderate Buy".
• Salesforce's stock performance includes a recent trading price of $256.87, a market cap of $245.57 billion, and a historical 1-year range between $226.48 and $369.00.

Salesforce (NYSE:CRM - Get Free Report) updated its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 2.840-2.860 for the period, compared to the consensus EPS estimate of 2.560. The company issued revenue guidance of $10.2 billion-$10.3 billion, compared to the consensus revenue estimate of $10.3 billion. Salesforce also updated its FY 2026 guidance to 11.330-11.370 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Mizuho decreased their price objective on Salesforce from $425.00 to $380.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. UBS Group decreased their price objective on Salesforce from $300.00 to $260.00 and set a "neutral" rating on the stock in a report on Monday, August 18th. Canaccord Genuity Group decreased their price objective on Salesforce from $350.00 to $300.00 and set a "buy" rating on the stock in a report on Thursday. Citigroup restated a "neutral" rating on shares of Salesforce in a report on Thursday, August 28th. Finally, Stephens decreased their price objective on Salesforce from $311.00 to $309.00 and set an "equal weight" rating on the stock in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $331.34.

Salesforce Stock Up 2.6%

Shares of CRM traded up $6.39 during midday trading on Friday, reaching $250.40. 13,010,920 shares of the company were exchanged, compared to its average volume of 9,763,446. The stock has a 50-day moving average price of $255.64 and a 200-day moving average price of $266.68. The company has a market cap of $239.39 billion, a price-to-earnings ratio of 36.40, a P/E/G ratio of 2.27 and a beta of 1.22. Salesforce has a 1-year low of $226.48 and a 1-year high of $369.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The company had revenue of $10.24 billion for the quarter, compared to analysts' expectations of $10.14 billion. Salesforce had a return on equity of 13.34% and a net margin of 16.87%.The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 earnings per share. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS. Research analysts expect that Salesforce will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's payout ratio is currently 25.98%.

Insider Activity at Salesforce

In other Salesforce news, CEO Marc Benioff sold 2,250 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $257.02, for a total transaction of $578,295.00. Following the transaction, the chief executive officer owned 11,911,571 shares in the company, valued at $3,061,511,978.42. The trade was a 0.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 66,077 shares of company stock worth $16,885,773 in the last 90 days. Insiders own 3.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. lifted its stake in shares of Salesforce by 0.5% in the second quarter. Raymond James Financial Inc. now owns 3,761,402 shares of the CRM provider's stock worth $1,025,697,000 after acquiring an additional 18,832 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Salesforce by 1.2% in the second quarter. California State Teachers Retirement System now owns 1,495,725 shares of the CRM provider's stock worth $407,869,000 after acquiring an additional 17,631 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Salesforce by 4.3% in the second quarter. Lazard Asset Management LLC now owns 1,316,727 shares of the CRM provider's stock worth $359,058,000 after acquiring an additional 54,124 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its stake in shares of Salesforce by 266.6% in the second quarter. Worldquant Millennium Advisors LLC now owns 840,178 shares of the CRM provider's stock worth $229,108,000 after acquiring an additional 611,001 shares in the last quarter. Finally, Unisphere Establishment lifted its stake in shares of Salesforce by 40.5% in the second quarter. Unisphere Establishment now owns 734,600 shares of the CRM provider's stock worth $200,318,000 after acquiring an additional 211,600 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.