ServiceNow, Inc.
NOWNYSELatest results at a glance
Insights from the latest company results and reports · filed 22 Jul 2026
Q2 2026 Earnings Beat
Reported EPS of $0.90 per share exceeded the same-quarter consensus estimate of $0.86 per share for the period ended June 30, 2026.
Subscription Revenue Outperformance
Q2 2026 subscription revenues exceeded the high end of the guidance range by 150 basis points, driven by net new annual contract value outperformance and on-premise revenue mix.
Full-Year Guidance Raised
The company raised its full-year subscription revenues outlook following a quarter where it beat the high end of guidance across all topline growth and profitability metrics.
Contract Backlog Growth
Current remaining performance obligations reached $13.20 billion as of June 30, 2026, representing 21% year-over-year growth, while large transactions over $1 million in net new annual contract value grew nearly 40%.
Long-Term Strategic Targets
ServiceNow outlined long-term targets including $30 billion in subscription revenues, 30% of annual contract value from AI, and a Rule of 60+ by 2030, alongside a commitment to reduce stock-based compensation to less than 10% of revenue by 2029.
AI Product Launch
The company introduced Flow by ServiceNow, a conversational AI-native service desk that deploys within a single day without infrastructure requirements, as part of its AI adoption strategy.
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