King Charles III And Queen Camilla State Visit Continues In Washington DC

Britain’s King Charles III speaks with Salesforce CEO Marc Benioff (Ken Cedeno/Getty Images)

Salesforce beats expectations for revenue, earnings

The SaaS company reported first-quarter fiscal 2027 earnings after the bell Wednesday.

5/27/26 4:10PM

Salesforce reported first-quarter fiscal 2027 earnings Wednesday that beat analysts’ expectations. The company posted:

Revenue of $11.1 billion, compared with Wall Street’s $11.05 billion expectation.
Non-GAAP diluted net income per share of $3.88, versus the FactSet analyst consensus estimate of $3.13.
Fiscal year 2027 revenue guidance of $45.9 billion to $46.2 billion and adjusted earnings per share of $14.06 to $14.12. While the revenue guidance was on the light side, EPS guidance grew notably. Analysts had penciled in $46.1 billion for revenue and $13.23 for EPS, while the company said last quarter that it expected revenue of $45.80 billion to $46.20 billion and adjusted EPS of $13.11 to $13.19 for the full year. That massive bump in EPS guidance was heavily driven by the company executing a $25 billion accelerated share repurchase, which included the up-front retirement of 103 million shares.

Prior to reporting earnings, the stock was down more than 30% this year, as it struggles with competition from companies like Anthropic and OpenAI, whose AI tools threaten to undercut its product suite. Analysts (like Bank of America, which reinstated coverage of the stock with an “underperform” rating last week) worry that AI agents will automate tasks and reduce the need for per-seat software licenses — the core engine of Salesforce’s business

Ahead of earnings, Wedbush Securities analyst Dan Ives said that while there’s a “disconnect between the underlying business and the prevailing narrative,” the company needs to “turn the CRM AI growth narrative around by execution... not just words and it starts this quarter.”

The core focus of the earnings call will be whether Agentforce — the company’s new platform for autonomous AI agents — is translating into real revenue growth or if it remains early-stage.

For now, the answer appears to be real growth. Agentforce annual recurring revenue jumped to $1.2 billion, up 205% from last year and from $800 million last quarter.

Chris Stokel-Walker

Bot bias

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Companies are getting AI chatbots to smear their competitors

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Prediction markets have, predictably, been given a boost by the summer of sports

Major platforms like Kalshi and Polymarket have seen huge upticks in users of late, thanks in no small part to what’s felt like a recent sporting smorgasbord, with major competitions across hockey, basketball, and soccer soaking up fans’ time (and spending, clearly) at the outset of summer.

While gaming industry groups may not like it, there’s been a huge change in the methods people are using to put money on the big games, with everyone from fortunate NYC bar owners, to a far less fortunate Spanish supporter, turning to prediction markets to try and turn their sports know-how into cold, hard cash.

According to a new report from Adam Blacker for apptopia, that shift might have been even more seismic than imagined in the wake of the NBA and NHL finals and around the 2026 World Cup kicking off.

2026 World Cup Reverses Seasonal Lull for Sports Betting Apps

According to a new report from Adam Blacker for apptopia, that shift might have been even more seismic than imagined in the wake of the NBA and NHL finals and around the 2026 World Cup kicking off.

South by Southwest Conference and Festivals

Gold Tesla Cybercabs are piling up, but they’re not picking up passengers yet

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TAKING ACCOUNTS

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Britain announces social media ban for under-16s starting early 2027

The UK government plans to use the same model for the restrictions as Australia — but how successful has that case study been so far?

UK Prime Minister Announces Under-16s Social Media Ban

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Anthropic pulls Fable and Mythos access worldwide after Trump administration bars their use by foreign nationals

Only days after releasing two versions of its next-gen AI model, Anthropic has disabled them for users worldwide.

Anthropic says it received a Friday night order from the Trump administration to suspend access to the models for any foreign national (anywhere in the world) — a group that included some Anthropic employees. In response, the company turned off access to everyone.

Last week, the company released to the public its much-anticipated Claude Fable 5 model (and its restricted version Claude Mythos 5, which is still being tested with trusted partners). Anthropic said in a blog post announcing the action that officials cited national security concerns with the new models, while offering few specific details.

The post said that the government gave the company “verbal evidence of a potential narrow, non-universal jailbreak” of the public Fable 5 model. A jailbreak is a means by which users can evade restrictions built into the code to unlock prohibited functionality. Anthropic downplayed the significance of the attack, and said other major models, such as OpenAI’s GPT-5.5, could also be affected by the technique described.

Fears of these first Mythos-class models being misused are running high, after Anthropic warned the cybersecurity world in May that the advanced cyber capabilities of Mythos have rapidly discovered thousands of vulnerabilities in ubiquitous software, leading to the decision to restrict the full version of the model to a close group of trusted partners for testing.

This morning, Axios reported that Anthropic technical staff have flown to Washington to meet with White House officials to resolve the issue.

The Wall Street Journal is reporting that the Trump administration’s decision to take action against Anthropic was prompted by discussions that Amazon CEO Andy Jassy had with officials, including Treasury Secretary Scott Bessent. According to the report, Amazon researchers said they had been able to evade some of Fable 5’s security restrictions using specific prompts. Amazon is a major investor in Anthropic.

Anthropic is currently suing the US government to fight the Pentagon’s blacklisting of the company on national security grounds.

Statement on the US government directive to suspend access to Fable 5 and Mythos 5