Salesforce announced record first quarter fiscal 2026 results with revenue of $9.8 billion, up 8% year-over-year and in constant currency, exceeding guidance across all metrics. Current remaining performance obligation reached $29.6 billion, up 12% year-over-year and 11% in constant currency, with first quarter operating cash flow of $6.5 billion and free cash flow of $6.3 billion, both up 4% year-on-year.
Marc Benioff, Chair and CEO, stated: "We delivered strong Q1 results and are raising our guidance by $400 million to $41.3 billion at the high end of the range. We've built a deeply unified enterprise AI platform—with agents, data, apps, and a metadata platform—that is unmatched in the industry. With Agentforce, Data Cloud, our Customer 360 apps, Tableau, and Slack all built on one trusted, unified foundation, companies of every size can build a digital labour force—boosting productivity, reducing costs, and accelerating growth."
Data Cloud and AI annual recurring revenue exceeded $1 billion, up more than 120% year-over-year, with nearly 60% of Q1 top 100 deals including Data Cloud and AI. Salesforce closed over 8,000 deals since launching Agentforce, with half being paid arrangements. On help.salesforce.com, Agentforce handled over 750,000 requests, cutting case volume by 7% year-over-year.
Data Cloud ingested 22 trillion records in Q1, up 175% year-over-year, while more than half of Salesforce's Q1 Top 100 Deals included 6+ Clouds. The company returned $3.1 billion to shareholders including $2.7 billion in share repurchases and $402 million in dividends.
Robin Washington, President and Chief Operating and Financial Officer, stated: "I'm pleased by our momentum as we capitalise on the exciting agentic AI opportunity. Our Q1 performance reflects solid execution, driven by our continued focus on innovation, operational excellence, and maximising value for our customers and shareholders."
Salesforce raised full year FY26 revenue guidance to $41.0 billion to $41.3 billion, up 8% to 9% year-over-year and 8% in constant currency, while maintaining full year FY26 GAAP operating margin guidance of 21.6% and non-GAAP operating margin guidance of 34.0%. The company announced a definitive agreement to acquire Informatica Inc., with no anticipated impact to FY26 guidance based on expected close timing in early FY27.
Salesforce's $1 billion Data Cloud and AI ARR milestone demonstrates significant enterprise adoption of agentic AI solutions while raising guidance by $400 million signals strong market demand. The 8,000+ Agentforce deals indicate rapid enterprise AI agent deployment supporting digital transformation initiatives. Organisations benefit from proven AI productivity gains through 750,000+ automated requests reducing operational case volume. The Informatica acquisition strengthens Salesforce's AI and data platform capabilities supporting comprehensive enterprise data management and AI integration strategies.