Salesforce Q3 Earnings Loom -- Can AI Products Revive Double-Digit Sales Growth?

Salesforce CRM is set to report its third-quarter earnings on Wednesday after the closing bell, with investors closely watching its balance between slowing sales growth and AI-driven initiatives.

Analysts expect adjusted earnings of $2.86 per share, up from $2.41 in the year-ago period. Revenue is projected at $10.3 billion, reflecting roughly 9% growth year-over-year.

The company's long streak of double-digit growth has slowed as its customer relationship management software nears market saturation. Annual sales rose 8.7% in fiscal 2025 and have maintained a similar pace in 2026.

Profitability, however, has improved. Free cash flow margin climbed to 33% in 2025 from 20% in 2023, allowing Salesforce CRM to return capital through dividends and share buybacks, cutting its share count by nearly 4%.

AI initiatives are gaining traction. The company booked $440 million in annual recurring revenue from agent-based AI products, up more than 400% from last year. While still a small portion of total revenue, it reflects growing enterprise interest.

Investors will watch if AI adoption can help Salesforce CRM regain higher growth levels.