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ServiceNow posted subscription revenue of $3.67 billion in the quarter, up 22% year over year.
ServiceNow raised its 2026 subscription revenue forecast to $15.7–$15.8 billion, exceeding analyst expectations.
KEY POINTS
- The company now expects at least $1.5 billion in AI software sales for 2026, up from $1 billion.
- Remaining performance obligations rose 25% year-over-year to $27.7 billion, showing robust future demand.
- ServiceNow claims its AI solutions are more cost-effective and predictable than direct AI model usage.
COMPANIES
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