Salesforce at $45B ARR: Agentforce Is in Under 5,000 of 150,000+ Customers and an Anthropic Stake Carried the EPS Beat

SaaStr·high signalXBlueskyLinkedInCopy link

SaaStr's breakdown of Salesforce Q2 FY27 (reported 2026-08-26, stock +23%) puts cRPO at $33.5B growing 14% against 11% revenue growth, but organic growth at only 6.4% once Informatica's $456M is stripped out. Agentforce ARR passed $1.5B (+240%) on 3.2 billion agentic work units at roughly 12 cents each, yet production accounts number fewer than 5,000 out of 150,000+ customers and only about 5% of knowledge workers upgraded to higher editions. Operating income was flat at ~$2.33B while EPS doubled to $5.90, with $2.53 of that coming from strategic investment gains on the Anthropic stake, so the headline AI story and the headline earnings story are two different things.