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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for ServiceNow (NOW) is 7/10.
ServiceNow delivered subscription revenue growing 19% in constant currency above guidance with non-GAAP operating margin at 32%, as the AI revenue target was raised 50% to $1.5 billion for 2026 and the Armis acquisition closed early expanding the security TAM. Management raised FY2026 subscription revenue by $205 million at the midpoint, though Gina noted this was entirely the Armis contribution with organic guidance maintained, while the autonomous AI workforce resolved 90% of IT requests and RPO grew 23.5% in constant currency.
Scored from ServiceNow’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.96B | +21.3% | $0.37 | +29.4% | 78.7% | 12.6% | 13.0% | $1.38B |
| FY2025 Q1 | $3.09B | +18.6% | $0.44 | +31.7% | 78.9% | 14.6% | 14.9% | $1.47B |
| FY2025 Q2 | $3.21B | +22.4% | $0.37 | +46.8% | 77.5% | 11.1% | 12.0% | $526M |
| FY2025 Q3 | $3.41B | +21.8% | $0.48 | +17.1% | 77.3% | 16.8% | 14.7% | $578M |
| FY2025 Q4 | $3.57B | +20.7% | $0.38 | +2.7% | 76.6% | 12.4% | 11.2% | $2.00B |
| FY2026 Q1 | $3.77B | +22.1% | $0.45 | +2.3% | 75.1% | 13.3% | 12.4% | $1.53B |
| FY2026 Q2 | $3.99B | +24.0% | $0.29 | -21.6% | 70.7% | 4.1% | 7.5% | $473M |