Salesforce stock closed the week of Aug. 24 up 22.4%, its sharpest weekly gain in years, after record quarterly results and an expanded Anthropic partnership. The rally broke a 20-month downtrend and lifted Salesforce out of its spot as the worst-performing Dow stock of 2026. Second-quarter revenue came in at $11.3 billion, up 11% year over year, while Agentforce annual recurring revenue surpassed $1.5 billion, a 240% increase. Management raised full-year guidance to a range of $46.1 billion to $46.4 billion. The partnership with Anthropic and the launch of Claudeforce, embedding Claude models across enterprise workflows, answered concerns that AI agents would replace seat-based software. Notably, $2.43 per share of the earnings beat came from a gain on Salesforce’s own Anthropic stake.
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