ServiceNow Raises AI Revenue Target to $1.7 Billion as Stock Plunges 16%

ServiceNow Falls After Quarterly Sales Outlook Revives AI Fears

ServiceNow Inc. shares plunged after the company gave an outlook for quarterly subscription sales that met analysts’ estimates, but failed to quell Wall Street’s anxieties that artificial intelligence will disrupt the software maker.

ServiceNow Raises AI Revenue Target to $1.7 Billion as Stock Plunges 16%

ServiceNow delivered several encouraging results in its Q3 2026 earnings report, even as shares plunged 16% following the announcement. One of the biggest highlights was management raising its 2026 AI…

ServiceNow Reports Third Quarter 2026 Financial Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--ServiceNow (NYSE: NOW), the Super Intelligence Control Tower for business reinvention, today announced financial results for its third quarter ended September 30, 2026, with subscription revenues of $3,988 million in Q3 2026, representing 21% year-over-year growth and 20.5% in constant currency. “This was more than another beat-and-raise quarter for ServiceNow, this was the inflection point for ServiceNow as…

ServiceNow Likely To Report Higher Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of…

ServiceNow will report Q3 earnings Oct. 28, with analysts expecting $1.02 EPS and $4.09B revenue. Analysts recently raised price targets.

ServiceNow Q3 Report to Test Its 19.5% cRPO Growth Target

The company forecasts $3.975 billion to $3.980 billion in Q3 subscription revenue and says its AI business surpassed $1 billion in annual contract value in Q2.