Salesforce stock jumps 10% premarket on earnings and Anthropic deal

Salesforce just posted the kind of quarter that makes investors forget about a rough year. The enterprise software giant reported fiscal Q2 2027 revenue of $11.35 billion, an 11% jump year-over-year, and adjusted earnings per share of $5.90 that blew past Wall Street expectations. Shares surged roughly 13% in after-hours trading on August 26, clawing back a meaningful chunk of the stock’s 22% decline earlier in the year. That $5.90 EPS figure includes approximately $2.6 billion in paper gains from Salesforce’s investment in Anthropic, the AI lab behind Claude. Strip that out, and the beat is more modest. Still a beat, though. The Anthropic factor Salesforce and Anthropic announced a strategic partnership that produced something called “Claudeforce,” which integrates Anthropic’s Claude AI model directly into Salesforce’s enterprise platforms, including Agentforce and Slack. Salesforce’s investment in Anthropic is now valued at approximately $5 billion following Anthropic’s May 2026 funding round. That position alone represents a significant portion of Salesforce’s market cap, and the $2.6 billion unrealized gain flowing through this quarter’s earnings illustrates just how intertwine...