Salesforce (CRM) is set to report its fourth-quarter results after the U.S. market closes on Thursday, February 26. Based on current options pricing, the market is expecting a 9.57% move in the stock following the results. This implied volatility points to high expectations about the company’s comments on enterprise spending, AI adoption, and the health of its subscription business.
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Currently, analysts expect CRM to post revenue of $11.19 billion in Q4, up from $9.99 billion in the year-ago quarter. Further, the company is expected to report earnings of $3.05 per share, compared with $2.78 in the prior-year quarter.
Salesforce previously guided for Q4 revenue between $11.13 billion and $11.23 billion and adjusted EPS between $3.02 and $3.04.
What to Watch in CRM’s Q4 Earnings
Here are the key metrics that investors will likely watch closely in Salesforce’s upcoming results.
- AI Monetization: Investors are closely watching for continued traction from Agentforce, the company’s AI software suite, which reportedly hit nearly $1.4 billion in annual recurring revenue (ARR) in Q3.
- Profitability & Cost Control: Continued focus on margin expansion through staff reductions and operational efficiency is expected to be a primary driver for profit growth.
- Cloud Spending Outlook: Investors will be watching closely to see whether Salesforce can maintain its momentum as businesses continue to evaluate cloud and software budgets heading into 2026.
Overall, the implied 9.57% post‑earnings move is well above Salesforce’s usual reaction, suggesting traders see the upcoming results as a potential catalyst. A strong beat-and-raise would boost confidence in the company’s AI roadmap, while weaker guidance or signs of slowing demand could trigger volatility.
Is CRM a Buy, Sell, or Hold?
Turning to Wall Street, CRM stock has a Moderate Buy consensus rating based on 29 Buys, 10 Holds, and one Sell assigned in the last three months. At $298.75, the average Salesforce stock price target implies a 59.95% upside potential.
