Salesforce (CRM) Stock Soars on Q2 Earnings: Is It Too Late to Buy?

CRM rallied over 20% after reporting Q2 revenue of $11.34 billion, topping consensus estimates, and raising full-year guidance. The surge came as investors embraced Salesforce's AI monetization strategy, centered on its Agentforce and Data 360 products, which generated $3.9 billion in annual recurring revenue with 210% year-over-year growth.

The company disclosed deployments across a marquee customer base: CSCO, DELL, UBER, and HOOD are all expanding AI integrations with Salesforce. The breadth of enterprise adoption signals traction beyond pilot programs, positioning CRM as a direct beneficiary of corporate AI spending.

The 20%-plus move erases a significant portion of CRM's year-to-date underperformance relative to peers. Full-year guidance was lifted, though specific revised targets were not disclosed in the earnings release.