Technology
Price
$163.32
+0.50%Market Cap
$133.76B
Day High
$166.30
Day Low
$162.42
Salesforce delivered strong Q2 FY2026 results with revenue of $11.1B (+13.3% YoY), net income surging 36.7% to $2.1B, and diluted EPS jumping 52.2% to $2.42, though the balance sheet was significantly reshaped by $27.2B in share buybacks that drove long-term debt up 365.7% and cut stockholders' equity nearly in half.
Key risk: Dramatic Leverage Increase from Debt-Financed Buybacks
Long-term debt exploded 365.7% YoY to $39.28B, funded largely to finance $27.25B in share repurchases. The debt-to-equity ratio now stands at 2.12x, up sharply from prior levels, increasing Salesforce's financial risk and interest expense burden. A slowdown in revenue growth or cash flow could strain the company's ability to service this elevated debt load.
Other Application Software companies