business / news / / CNBC
ServiceNow reported first-quarter results on Wednesday that narrowly beat Wall Street's estimates.
ServiceNow raised its 2026 subscription revenue forecast to $15.74-$15.78 billion, up from previous guidance.
KEY POINTS
- Delayed large on-premise deals in the Middle East caused a 75 basis point headwind to subscription growth.
- ServiceNow completed its $7.75 billion acquisition of Armis much earlier than initially projected.
- First-quarter share repurchases exceeded 20 million, more than twice the total repurchased in full-year 2025.
- ServiceNow's AI product portfolio is on track to surpass its $1 billion revenue target for 2026.
COMPANIES
Summarized by Newsio from CNBC. How we summarize →