earnings
confidence high
sentiment positive
materiality 0.80
ServiceNow Q2 subscription revs $3.877B (+24.5% YoY), raises FY guidance
ServiceNow, Inc.
- Subscription revenues $3,877M, up 24.5% YoY (23% constant currency); total revenues $3,987M, up 24% YoY.
- cRPO $13.20B (+21% YoY); RPO $29.0B (+21% YoY); 123 transactions over $1M net new ACV, up ~40% YoY.
- ServiceNow AI crossed $1B in annual contract value in Q2; agentic deployments up 9x in 9 months.
- Raised full-year subscription revenue guidance; beat high end of guidance across all Q2 metrics.
- Financial Analyst Day targets: $30B+ subscription revenues, 30% ACV from AI, Rule of 60+ by 2030.