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ServiceNow beats Q2 revenue estimates, driven by AI growth, and raises subscription outlook.

Company Fundamentals
27 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

ServiceNow reported stronger-than-expected Q2 results with $3.99 billion in revenue and $0.90 non-GAAP EPS, fueled by rapid adoption of its generative AI services like Now Assist. The company raised its subscription revenue forecast due to robust enterprise AI demand, and free cash flow increased 19% year-over-year to $634 million. Despite recent valuation declines, the stock is viewed as undervalued with potential for multiple expansion if AI momentum continues.

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