What was Salesforce's revenue in Q1 2027?

Salesforce reported revenue of $9.45 billion in Q1 FY2027, up 11% year-over-year.

What was Salesforce's adjusted EPS in Q1?

Adjusted EPS came in at $2.54, beating analyst estimates of $2.40.

What is Salesforce's guidance for Q2 2027?

Salesforce expects Q2 revenue between $9.55B and $9.60B, and adjusted EPS between $2.55 and $2.57.

What role did AI agents play in Salesforce's results?

The CEO stated that AI agents have become a key growth driver, with revenue doubling compared to the prior quarter.

Salesforce Q1 2027: AI Agents Drive Revenue Beat

Salesforce reported strong Q1 FY2027 results, beating analyst estimates on the back of AI agent growth. Revenue reached $9.45 billion and adjusted EPS was $2.54.

Salesforce (CRM) reported fiscal first-quarter 2027 results for the period ended April 30, 2026, exceeding analyst expectations thanks to strong growth in its AI agent business. Revenue came in at $9.45 billion, up 11% year-over-year, while adjusted earnings per share reached $2.54 versus estimates of $2.40. The stock rose 3% in after-hours trading.

Key Financial Results

Metric	Q1 2027	Q1 2026	Change
Revenue	$9.45B	$8.51B	+11%
GAAP Net Income	$1.52B	$1.34B	+13%
Non-GAAP EPS	$2.54	$2.30	+10%
Subscription Revenue	$8.9B	$8.0B	+11%
Remaining Performance Obligations	$26.4B	$24.1B	+10%

Key Highlights from the Call

CEO Marc Benioff emphasized that AI agents are no longer a pilot project but a key growth driver. "We are at the beginning of the AI agent revolution, and Salesforce is leading," Benioff said. The company noted that AI agent revenue doubled compared to the prior quarter, though it did not disclose a specific figure.

Guidance

For Q2 FY2027, Salesforce expects revenue between $9.55B and $9.60B, and adjusted EPS between $2.55 and $2.57. The company also raised its full-year FY2027 revenue guidance to a range of $38.8B-$39.0B.

Stock Impact

Salesforce shares rose 3% in after-hours trading following the earnings release. The stock currently trades at $295, up 18% year-to-date.

What This Means for Investors

Salesforce's results show that its AI investments are paying off, strengthening its competitive position. However, investors should monitor increasing competition from Microsoft and Google in the AI agent space, as well as the impact of interest rate changes on tech spending.