Salesforce (CRM) Is About to Report Q1 Earnings. Here’s What to Expect

Customer relationship management software provider Salesforce (CRM) is scheduled to announce its results for the first quarter of Fiscal 2026 after the market closes on Wednesday, May 28. CRM stock is down more than 18% year-to-date amid macro uncertainties and concerns about the pace of adoption of the company’s Agentforce AI (artificial intelligence) offering. Wall Street expects Salesforce to report Q1 FY26 EPS (earnings per share) of $2.55, indicating a 4.5% year-over-year growth.

Analysts expect the company to report revenue of $9.75 billion, reflecting an increase of 6.8% compared to the prior-year quarter. Ahead of the results, Salesforce was in the news following reports that the company has resumed talks to acquire Informatica (INFA).

Analysts’ Views Ahead of Salesforce’s Q1 Earnings

Recently, TD Cowen analyst Derrick Wood reiterated a Buy rating on Salesforce stock with a price target of $375. The 5-star analyst sees a mixed picture for Q1 results but is encouraged by the strength in Data/AI cloud readings. Notably, TD Cowen’s checks remain constructive on demand for Data solutions and early adoption signals for Agentforce. However, Wood noted there are areas of softness in other businesses, mainly on the commercial side.

The analyst expects softer upside in cRPO (current remaining performance obligations) compared to the previous quarter and in-line guidance for FY26. Wood added that while Agentforce adoption is tracking well, it still “needs more time to bake to move the needle.”

Also, Jefferies analyst Brent Thill maintained a Buy rating on Salesforce stock with a price target of $375. The 5-star analyst stated that, considering the cautiously optimistic tone from partners and software peers, he expects Salesforce to maintain its FY26 guidance and doesn’t see upside on revenue “to be flowed through to the FY guide.” Thill contends that a cautious approach is appropriate, given the ongoing macro uncertainties.

Meanwhile, Citi analyst Tyler Radke lowered his price target for CRM stock to $320 from $335 and reaffirmed a Hold rating. Citi’s partner checks continued to suggest mixed signals on demand for Salesforce’s offerings. Even with the weaker U.S. dollar since February, the 4-star analyst expects CRM’s revenue growth to remain constrained in the high single digits in the near term.

Options Traders Anticipate a Major Move on Salesforce’s Q1 Earnings

Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you.

Indeed, it currently says that options traders are expecting about an 8.3% move in either direction in Salesforce stock in reaction to Q1 results.

Is Salesforce Stock a Buy, Sell, or Hold?

Overall, Wall Street has a Moderate Buy consensus rating on Salesforce stock based on 32 Buys, eight Holds, and three Sell recommendations. The average CRM stock price target of $355.71 implies 30.2% upside potential.

See more CRM analyst ratings