Q1 2026 Salesforce Inc Earnings Call Transcript
Key Points
- Salesforce Inc (CRM) reported strong Q1 fiscal 2026 revenue of $9.83 billion, up 8% year over year.
- The company raised its fiscal year 2026 revenue guidance by $400 million to $41.3 billion at the high end.
- Salesforce Inc (CRM) achieved a non-GAAP operating margin of 32.3% in the quarter.
- The acquisition of Informatica for $8 billion is expected to enhance Salesforce's data and AI capabilities.
- Agentforce has seen rapid adoption with over 4,000 paid customers and $100 million in ARR, showcasing strong growth potential.
- There are concerns about the timing of when Agentforce and Data Cloud will significantly drive overall growth acceleration.
- The integration of Informatica is expected to take time, with accretion anticipated by fiscal year 2027.
- Some geographic regions, such as parts of EMEA, remain constrained, impacting overall growth.
- The company faces challenges in expanding its distribution capacity, which has been flat for the last two years.
- There is uncertainty in customer behavior due to macroeconomic factors and geopolitical tensions, which could impact future growth.
Welcome to Salesforce first quarter fiscal 2026 results conference call. (Operator Instructions) Also, this call is being recorded.
And I would now like to hand the conference over to your speaker, Mike Spencer, Executive Vice President of Finance and Strategy and Investor Relations. Sir, you may begin.
Thank you. Good afternoon, and thanks for joining us today on our fiscal 2026 first quarter results conference call. Our press release, SEC filings and a replay of today's call can be found on our website.
Joining me on the call today is Marc Benioff, Chair and CEO; and Robin Washington, Chief Operating and Finance Officer. In addition, we also have Srini Tallapragada and President, Chief Engineering and Customer Success Officer; and Miguel Milano, President and Chief Revenue Officer, joining us for the Q&A portion of the call.
Some of our comments today may contain forward-looking statements that are subject to risks,
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