Salesforce Shares Slide 6.9% Since Last Earnings, Can It Rebound?

Salesforce's Q4 results beat estimates, but the stock has underperformed the S&P 500 since the report.

Mar. 29, 2026 at 10:56pm by Ben Kaplan

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Salesforce (CRM) reported better-than-expected results for the fourth quarter of fiscal 2026, with non-GAAP earnings of $3.81 per share and revenues of $11.2 billion. However, the stock has lost about 6.9% since the last earnings report, underperforming the S&P 500. Investors are now wondering if the recent negative trend will continue or if Salesforce is due for a rebound.

Why it matters

Salesforce's performance is closely watched as it is a major player in the software-as-a-service (SaaS) industry. The company's ability to maintain strong financial results and investor confidence is crucial for its long-term success.

The details

Salesforce's Q4 revenues grew 12% year-over-year, driven by the company's go-to-market strategy and focus on customer success. The integration of generative AI into its offerings also boosted demand. Subscription and Support revenues, which make up 95.5% of total revenues, increased 13% year-over-year. However, the Professional Services and Other segment saw a 3% decline. Geographically, the Americas region grew 9%, EMEA grew 19%, and Asia Pacific grew 14%.

  • Salesforce reported earnings 30 days ago.

The players

Salesforce

An American cloud-based software company that provides customer relationship management (CRM) services.

Twilio

A cloud communications platform that enables developers to build, scale, and operate real-time communications within their software applications.

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What they’re saying

“Salesforce's fiscal fourth-quarter revenues of $11.2 billion surpassed the Zacks Consensus Estimate by 0.32% and increased 12% year over year.”

— Zacks Equity Research

What’s next

Salesforce has provided guidance for Q1 FY27, projecting total sales between $11.03 billion and $11.08 billion, and non-GAAP earnings per share in the range of $3.11-$3.13. The company also issued full-year FY27 guidance, expecting revenues between $45.80-$46.20 billion and non-GAAP earnings per share of $13.11-$13.19.

The takeaway

Salesforce's strong Q4 results were overshadowed by the stock's recent underperformance compared to the broader market. Investors will be closely watching the company's ability to execute on its guidance and maintain its growth momentum in the face of macroeconomic uncertainties.