Salesforce Q3 EPS Tops Estimates as Agentforce AI Surpasses $500M; Snowflake Beats but Shares Drop

Salesforce reported Q3 EPS of $3.25 versus $2.86 expected while revenue was $10.26 billion, narrowly missing the $10.27 billion consensus. The company gave Q4 revenue guidance of $11.13–$11.23 billion, above analyst expectations, and said operating margins expanded to 35.5% from 33.1% year over year, despite overall revenue growth of 8.6% ^[1].

Salesforce’s Agentforce AI platform generated more than $500 million in annualized revenue, rising 330% year over year, and the company reported more than 9,500 paid customer deals for the product ^[1].

Snowflake beat Q3 expectations with EPS of $0.35 and revenue of $1.21 billion, but its shares fell about 8–9% after hours. The company’s fourth-quarter product revenue guide of $1.195–$1.2 billion topped estimates but fell short of investors’ hopes for 30%+ growth; Snowflake also disclosed a $200 million Anthropic deal and remaining performance obligations rising 37% to $7.88 billion ^[2].

Salesforce’s results and raised guidance point to accelerating growth in AI-driven products, led by Agentforce’s rapid revenue ramp, while Snowflake’s beat highlighted underlying demand even as investor reaction reflected heightened growth expectations ^[1][2].