Is Salesforce (CRM) Stock a Buy Ahead of Q2 Earnings Today?
TLDR
- Salesforce reports fiscal Q2 earnings after market close on Wednesday, August 26
- Wall Street expects EPS of $3.27 and revenue of $11.32 billion, up 11-12% year-over-year
- CRM stock is up 35-41% from its June low but still down 41% from its all-time high
- Options market is bearish, with a put-to-call ratio of 1.06 and a lower price target of $193
- Agentforce annual recurring revenue surpassed $1 billion and has more than doubled over nine months
Salesforce is set to report its fiscal Q2 2027 earnings after the bell on Wednesday, August 26. The stock is trading around $212, roughly 20% below its year-to-date high of $266.
Wall Street consensus is for revenue of $11.32 billion, up 11% from a year ago. Adjusted EPS is expected to come in at $3.27, up from $2.91 in the same quarter last year. Adjusted gross margin is forecast to stay above 80%.
CRM has rallied 35-41% off its June low, but it still trades at just 14 times forward earnings. That puts it below the S&P 500โs price-to-earnings ratio of 20, a reversal from the premium valuation it held before July 2025.
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