CRM Earnings: Salesforce Stock Tumbles Despite Strong Q2 Results—Wall Street Still Not Buying It

Salesforce just posted solid Q2 numbers—revenue up, beats expectations—yet the stock gets hammered. Go figure.

Strong Results, Weak Reaction

Another quarter, another earnings beat. But the market’s response? A collective shrug followed by a sell-off. Revenue climbed, guidance held—none of it mattered. Street’s allergic to good news unless it’s wrapped in AI hype and triple-digit growth.

The Cynical Take

Maybe traders were too busy chasing crypto pumps to notice a legacy tech giant actually delivering. Or perhaps Salesforce’s results were just too… sane for a market hooked on speculative mania. Sometimes doing everything right still gets you punished—welcome to modern investing, where fundamentals are just suggestions.

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Also, the company’s current remaining performance obligation (cRPO), a key indicator of future revenue, ROSE 11% to $29.4 billion.

Raised Guidance for FY26

Looking ahead, Salesforce initiated third-quarter revenue guidance of $10.24 billion to $10.29 billion, representing 8% to 9% growth.

Also, CRM raised the low end of its full-year revenue forecast to a range of $41.1 billion to $41.3 billion. The company now expects an adjusted margin of 34.1%, along with operating cash FLOW growth of 12% to 13%.

Is CRM a Buy, Sell, or Hold?

Turning to Wall Street, CRM stock has a Moderate Buy consensus rating based on 16 Buys and eight Holds assigned in the last three months. At $333.68, the average Salesforce stock price target implies a 30.09% upside potential.