Salesforce (CRM) delivered a strong start to fiscal 2026, reporting first-quarter results that exceeded expectations across the board and prompted a raise in full-year guidance. Revenue reached $9.83 billion, marking an 8% year-over-year increase, with Subscription and Support revenue contributing $9.3 billion, also up 8%. Profitability remained solid, with a GAAP operating margin of 19.8% and a non-GAAP margin of 32.3%. Cash generation was also robust: operating cash flow came in at $6.5 billion and free cash flow at $6.3 billion, both up 4% YoY.

The company’s AI and Data Cloud products are gaining serious traction. Annualized run rate for these offerings exceeded $1 billion, soaring over 120% YoY, with Data Cloud ingesting 22 trillion records, up 175% YoY. Nearly 60% of the top 100 deals featured AI and Data Cloud, and AgentForce, Salesforce’s AI assistant platform, has already closed over 8,000 deals, half of which are paid. Notably, AgentForce has also delivered meaningful productivity internally, reducing lead routing time from 20 minutes to just 19 seconds.

Strategically, Salesforce announced a transformative $8 billion acquisition of Informatica, aimed at bolstering its AI CRM capabilities with best-in-class data management. While the deal won’t impact FY26 guidance, it is expected to be accretive within two years.

The company’s current remaining performance obligation (cRPO) stood at $29.6 billion, up 12% YoY, while total RPO reached $60.9 billion, up 13%. Salesforce returned $3.1 billion to shareholders, including $2.7 billion in share repurchases and $402 million in dividends, which were increased by 4%.

Looking ahead, Salesforce raised its full-year revenue guidance to $41.0–$41.3 billion, reflecting 8–9% growth, and reiterated its FY26 non-GAAP operating margin target of 34% and GAAP margin of 21.6%. Management remains focused on scaling its go-to-market efforts—especially in SMB and mid-market segments—and sees a generational opportunity in leading the AI-powered digital labor revolution. With strong financials, accelerating adoption of key growth platforms, and a major acquisition on the horizon, Salesforce is positioning itself as a front-runner in the enterprise AI and data economy.