Salesforce (CRM) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $5.90
- Estimate
- $3.27
- Surprise
- +80.4%
- Revenue (period 2026-07-31)
- $11.35B
- Score at report (before → after)
- 6.3 → 6.3/10
Revenue source: xbrl.
How the report landed
Salesforce (CRM) beat the $3.27 estimate with adjusted EPS of $5.90 — a large 80.4% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.3/10) to Hold at 6.3/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates CRM Buy (Wait) at 6.0/10.
4 of the last 4 quarters beat the estimate; this quarter's +80.4% surprise compares with a +35.7% four-quarter average. Next scheduled report: 2026-12-02.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.5 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Thin upside margin: 8.8%
- Sector modifier (Technology): -0.8
- Leverage penalty (D/E 1.1): -0.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $237.58
- Entry target
- $221.02
- Price target
- $258.59
- Stop
- $203.01
- Upside to target
- +8.8%
- Reward-to-risk
- 0.6:1
The stock trades at 22.0× trailing but 14.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — shown for context, not personalized investment advice.
CRM at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Application
- Market cap
- $195.53B
- P/E (fwd)
- 14.8
- P/E (ttm)
- 22.0
- 52-week range
- $146.32–$269.11
- Off 52-week high
- 11.7%
- RSI (14)
- 37
- Volume vs avg
- 0.72×
- Score today
- 6.0/10