NOW

NOW

ServiceNow, Inc.

Company Information

SectorTechnology
IndustrySoftware - Application
Market Cap$164.34B
Analysts Rating2.1/5

Recommendation Details

PortfolioLargecap
DateOct 29, 2026
ForecastQ Daily Probabilities
37.8%
65.1%
33.4%

Company Description

ServiceNow, Inc. specializes in delivering cloud-based solutions designed to streamline and automate critical business services for organizations across the globe. Its flagship "Now Platform" serves as the foundation, leveraging technologies such as workflow automation, artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA). This platform also incorporates robust features like performance analytics, electronic service catalogs, configuration management systems, data benchmarking, encryption capabilities, and various collaboration and development tools. ServiceNow offers a comprehensive suite of applications built on this platform, catering to diverse enterprise needs. Key offerings include IT Service Management (ITSM), which streamlines support for employees, customers, and partners; IT Business Management (ITBM); IT Operations Management (ITOM), designed to integrate and manage both physical and cloud-based IT infrastructure; and IT Asset Management (ITAM) for automating asset lifecycles. Its Security Operations solution facilitates seamless integration between internal systems and third-party security tools. Beyond IT, the company provides solutions for Governance, Risk, and Compliance (GRC) to enhance organizational resilience, along with tools for Human Resources, Legal, and general workplace service delivery, including dedicated safe workplace applications. Other specialized applications cover Customer Service Management (CSM) and Field Service Management (FSM). To further extend functionality, ServiceNow offers App Engine for custom development and IntegrationHub to connect workflows across various applications. The company also provides a range of professional services, industry-specific solutions, and comprehensive customer support. ServiceNow's diverse client base spans critical sectors such as government, financial services, healthcare, telecommunications, manufacturing, and education, alongside various IT services, technology, oil and gas, and consumer product industries. The company reaches these customers through a combination of its direct sales force and a network of resale partners. Notably, a strategic alliance with Celonis assists clients in pinpointing and prioritizing business processes ripe for automation. Established in 2004 and headquartered in Santa Clara, California, the company originally operated as Service-now.com before rebranding to ServiceNow, Inc. in May 2012.

Recent News & Events

Q3 2026 results featured an adjusted EPS miss and soft Q4 guidance/cRPO outlook that revived AI-disruption fears, driving a sharp post-earnings selloff despite a raised AI ACV target; near-term sentiment is decisively negative.

NEGATIVEOct 28, 2026
Earnings Report

Q3 2026 earnings miss and soft Q4 guidance

ServiceNow reported Q3 2026 adjusted EPS of $1.00 versus the $1.02 consensus (first miss in six quarters) and guided Q4 revenue to $4.25–$4.26B, below the $4.36B consensus, with cRPO growth of ~18% versus ~19% expected. The guidance disappointment and decelerating bookings momentum revived fears that AI will disrupt the software model, sending shares down sharply (roughly 14–18% in after-hours/pre-market trading).

ServiceNow Investor Relations
POSITIVEOct 28, 2026
Guidance Update

Raised full-year AI ACV target to $1.7B

ServiceNow raised its 2026 AI annual contract value target for the second time this year, to $1.7B (up ~70% from the start of the year), citing AI net new ACV exceeding expectations and 13x YoY growth in agentic AI consumption in production. The positive AI datapoint was overshadowed by the EPS miss and soft guidance, but could support sentiment once the initial selloff stabilizes.

ServiceNow Investor Relations
NEGATIVEOct 28, 2026
Accounting Change

Revenue reclassification from subscription to professional services

Management disclosed an accounting shift reclassifying a portion of revenue from subscription to professional services to speed AI deployment for large enterprise customers. The change added near-term uncertainty around revenue mix and margin optics, contributing to the negative investor reaction.

Investing.com
POSITIVEOct 28, 2026
Partnership Ann.

Expanded OpenAI partnership for security and risk

ServiceNow announced an expanded partnership with OpenAI focused on security and risk solutions. The announcement was a modest positive but was largely drowned out by the earnings and guidance disappointment in the immediate market reaction.

Investing.com

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