ServiceNow shares jump 8.4% to $107.08 after Q2 beat and higher fiscal 2026 subscription outlook
ServiceNow's Q2 beat on earnings and revenue, with subscription growth up 24.5% YoY and AI annual contract value surpassing $1B, reinforcing enterprise AI demand. Management raised FY2026 subscription revenue guidance, supporting a sharp stock rally that outperformed a weak tech tape and a down Nasdaq. The results may lift near-term sentiment toward high-quality software names despite broader market breadth remaining soft.
AI Insight · NCSKNOW2USD/USDTAI Insight
▲ Bullish
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ServiceNow reported second-quarter results that topped expectations, posting adjusted earnings of 90 cents per share on revenue of $3.99 billion. Subscription revenue rose 24.5% year over year and AI-related annual contract value surpassed $1 billion, while the company lifted its fiscal 2026 subscription revenue midpoint to about $15.77 billion. The stock climbed 8.4% to $107.08 on Monday, outperforming a weaker Technology sector and the Nasdaq, according to Benzinga Pro data.