ServiceNow Stock Rallies After Strong Q2 Print: Details

Benzinga Earnings
07/23

ServiceNow Inc. (NYSE:NOW) posted its second-quarter results after Wednesday’s closing bell, beating analyst estimates on the top and bottom lines.

Here’s a look at the key metrics from the quarter.

  • NOW stock is moving. Watch the price action here.

ServiceNow Q2 Details       

ServiceNow reported quarterly earnings of 90 cents per share, which beat the Street estimate of 85 cents, according to Benzinga Pro data.

Quarterly revenue clocked in at $3.99 billion, which beat the analyst consensus estimate of $3.93 billion and was up from $3.22 billion in the same period last year.

ServiceNow reported the following second-quarter highlights:

  • ServiceNow beat the high end of guidance across all second-quarter 2026 topline growth and profitability metrics, raises full year subscription revenues outlook
  • Subscription revenues of $3.88 billion in second-quarter 2026, representing 24.5% year-over-year growth, 23% in constant currency
  • Current remaining performance obligations (RPO) of $13.2 billion as of second-quarter 2026, representing 21% year-over-year growth, 21.5% in constant currency
  • Remaining performance obligations of $29 billion as of second quarter 2026, representing 21% year-over-year growth, 22% in constant currency
  • ServiceNow AI crossed $1 billion in annual contract value in second quarter 2026

“ServiceNow’s exceptional Q2 results solidify our position as the fastest-growing major enterprise software and cybersecurity company,” said ServiceNow CEO Bill McDermott.

“The company’s sterling fundamentals have us operating to the Rule of 56, well on our way to the Rule of 60,” McDermott added.

Read Also: SpaceX Stock Faces an Ugly 25-Year Market Pattern Post-IPO

NOW Stock Price Activity: According to data from Benzinga Pro, ServiceNow stock was up 4.78% to $100 in Wednesday’s extended trading.  

Photo: Shutterstock

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