Salesforce appears well-positioned ahead of its August 26, 2026 earnings report, with Agentforce AI revenue already contributing materially—ARR crossed $1 billion in Q1, with Agentforce plus Data 360 combined ARR of nearly $3.4 billion, up over 200% year over year.
The company trades at a P/E of 23 with an 8.53% free cash flow yield, has beaten EPS in six of its last seven quarters, and a prediction market assigns a 91% probability of another beat, while aggressive buybacks have reduced share count from 970 million to 871 million in a single year.
What happened
Salesforce trades at a P/E of 23 with free cash flow yield of 8.53%, down 21.8% year-to-date, ahead of its fiscal Q2 2027 earnings report on August 26, 2026. Agentforce ARR crossed $1 billion in Q1, with Agentforce plus Data 360 combined ARR of nearly $3.4 billion, up over 200% year over year.
Why it matters
The company has beaten earnings per share in six of its last seven quarters, and a prediction market assigns a 91% probability of another beat on August 26. Current RPO (remaining performance obligation) stands at $33.6 billion, up 14% year over year, giving visibility into second-half reacceleration. Salesforce's 13.27% year-over-year revenue growth in Q1 FY27 outpaces Oracle's most recently reported cloud-adjusted top-line pace, while trading at a cheaper multiple.
What to watch
Wall Street analyst targets range to $242.74, with a fresh JPMorgan price target of $250. The company's $25 billion accelerated share repurchase delivered 103 million shares upfront, reducing diluted share count from 970 million to 871 million in a single year; a further $25 billion of authorization remains.
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