Overview
- At Morgan Stanley’s TMT conference, management cited record FY26 results, a 300% quarter-on-quarter surge in Q4 premium SKU adoption, and a path to Rule of 50 with planned second‑half FY27 acceleration driven by net new order value and higher ARR per customer.
- Salesforce reported rapid Agentforce uptake since launch, surpassing 29,000 deals with annual recurring revenue reaching $800 million, up 169% year over year by the end of FY26.
- The company guided FY2027 revenue to $45.8 billion to $46.2 billion, implying 10% to 11% growth, and outlined operating margin expectations of 20.9% GAAP and 34.3% non‑GAAP.
- Q4/FY2026 disclosures showed remaining performance obligation of $72.4 billion, up 14% year over year, underscoring a sizable contracted revenue base.
- Analysts recalibrated models after earnings, with DA Davidson cutting its price target to $200 and maintaining Neutral as Citi also moved to $200 with a Neutral stance.