Full Breakdown
CrowdStrike and Salesforce Brace for High-Stakes Earnings on Aug. 26, 2026
8/26/2026, 8:50:57 AM
Core Event
On August 26, 2026 (scheduled), cybersecurity leader CrowdStrike Holdings (NASDAQ: CRWD) and cloud-software giant Salesforce, Inc. (NYSE: CRM) will release their fiscal second-quarter results after the market close. Investors are watching whether the recent rally in both stocks can be sustained amid sky-high valuations and expectations that artificial-intelligence-driven security and AI-agent platforms will keep growth momentum alive.
Background & Context
The 2026 “software sell-off” that erased trillions of market value has largely receded, but analysts still debate whether AI will displace or supercharge enterprise software. CrowdStrike’s Falcon platform, marketed as cloud-native AI security, has benefited from a surge in endpoint-focused attacks—studies estimate up to 90 % of breaches start at endpoints. Salesforce’s Agentforce AI platform, launched after a $3.6 billion acquisition of the AI-agent maker Fin in June, now reports $1.2 billion in annual recurring revenue (ARR), a 205 % year-over-year increase.
Data & Statistics
- CrowdStrike: YTD share price up ~59 % (?$185 per share); forward earnings multiple ?151×; Q1 revenue $1.39 billion (+26 % YoY); Q2 revenue guidance $1.44 billion (+23.1 % YoY); non-GAAP EPS guidance $1.16-$1.17. Net new ARR Q1 $255.8 million (+32 % YoY), ending ARR $5.51 billion; Q2 net-new ARR target $284-$286 million (?28 % YoY). Adjusted EPS Q1 $1.10 (+50.6 % YoY); operating margin 24 %; free cash flow $468.5 million (34 % of revenue).
- Salesforce: Close on August 25, 2026 at $209.18; market cap $171.32 billion; YTD decline ~22 %. Q1 revenue $11.13 billion (+13.3 % YoY) with adjusted EPS $3.88. Guidances for Q2: revenue $11.27-$11.35 billion; EPS $3.25-$3.27; consensus revenue $11.32 billion, EPS $3.27. Agentforce ARR $1.2 billion (+205 % YoY).
Official Statements & Responses
- Jay Woods, chief market strategist at Freedom Capital Markets, highlighted that “the cybersecurity leader delivered record net-new ARR growth last quarter and raised its full-year outlook, setting a high bar heading into this report.” (see Verbatim Quotes)
- Analysts at KeyBanc, Stephens, and Scotiabank raised their price targets for CrowdStrike, citing “healthy demand” and “strong ARR momentum.”
Verbatim Quotes
- “The cybersecurity leader delivered record net-new ARR growth last quarter and raised its full-year outlook, setting a high bar heading into this report,” — Jay Woods, chief market strategist
What’s Next
- August 26, 2026: CrowdStrike and Salesforce earnings releases (after-hours).
- Mid-September 2026: Salesforce’s annual Dreamforce conference, where Benioff is expected to outline the next phase of Agentforce.
- Later in August: CrowdStrike’s Falcon Con event in Las Vegas, historically a catalyst for its stock.
These milestones will determine whether the AI-driven narratives that have lifted both companies can translate into sustained earnings growth and justify their elevated market multiples.
