Salesforce, Inc. (CRM) is focusing on Agentic AI to boost revenue growth as its year-over-year revenue increases have dropped to single digits, with growth rates of 7.6%, 9.8%, and 8.6% in the first three quarters of fiscal 2026. The company’s Agentforce suite, a significant element of its AI strategy, generated $540 million in recurring revenues in Q3 2026, a remarkable 330% year-over-year increase, contributing to a total of $1.4 billion in recurring revenues from AI offerings.
Salesforce’s current remaining performance obligation stands at $29.4 billion, an 11% increase from the previous year, boosted by larger deals and renewals. More than 50% of Agentforce contracts were won from existing clients, indicating strong cross-selling success. The Zacks Consensus Estimate predicts revenue growth of 9.5% for fiscal 2026 and 11% for fiscal 2027.
Despite a 33.7% decline in its stock price over the past year, Salesforce’s forward price-to-earnings ratio is 17.10, below the industry average of 26.22. Earnings estimates have been revised upward, with expected growth of approximately 15.3% in fiscal 2026 and 10.5% in fiscal 2027.
