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ServiceNow shares drop 14% after Q3 earnings miss despite raised AI contract target.

Company Fundamentals
28 Oct 2026, 23:22 WIB
Market Watch
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Bearish
ServiceNow shares drop 14% after Q3 earnings miss despite raised AI contract target.

ServiceNow reported mixed third-quarter results, missing earnings expectations despite raising its full-year AI contract target to $1.7 billion due to a surge in large enterprise deals. The earnings miss overshadowed the company's AI momentum, causing its shares to fall 14% in after-hours trading. This indicates investor skepticism about the company's software growth despite promising AI developments. The market will be watching how ServiceNow balances AI growth with profitability in upcoming quarters.

Following ServiceNow's earnings miss and cautious AI outlook, its shares have seen a notable decline. On Pluang, ServiceNow (NOW) is trading at USD 127.00, down 17.95% as of Oct 29, 2026 03:41 WIB. Investor sentiment appears bearish with 93% of order activity being sell orders and a typical hold time of 56 days, reflecting a cautious stance despite the company's AI ambitions.

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