ServiceNow reported Q3 2026 revenue beating estimates but forecasted slower contract revenue growth, causing its stock to fall 19%. Despite raising its AI annual contract value target and expanding AI partnerships, investors are concerned about the slowdown in contracted revenue growth, which is a key indicator for future sales. This caution spread to other enterprise software stocks like Salesforce and Workday, which also saw declines. The market will closely watch upcoming reports to see if AI investments translate into subscription growth in 2027.
ServiceNow shares dropped sharply by 19.42% on Pluang, trading at USD 120.97 as of Oct 29, 2026 20:22 WIB. Salesforce also declined by 5.03%, priced at USD 229.92, while Workday fell 5.06% to USD 194.02. These moves reflect a broad sell-off in enterprise software stocks on the platform, with ServiceNow seeing 93% of orders as sell orders during this period.
ServiceNow's stock has dropped 20% over the past year amid concerns about AI disrupting its enterprise software revenue. Despite a recent earnings miss and lowered growth guidance, Bernstein projects a 75% upside, betting on strong AI-driven revenue ...
After-hours trading saw Fortinet and ServiceNow stocks drop sharply despite both companies beating revenue estimates for the September quarter. Fortinet's stock fell 25.7% and ServiceNow's 18.1%, dragging down other software stocks amid concerns over...
ServiceNow shares fell 19% after reporting mixed Q3 results and lowering Q4 revenue guidance, despite announcing a major AI partnership with OpenAI. The deal includes a ChatGPT plugin and AI workflow tools, signaling AI integration but raising concer...
ServiceNow's stock dropped almost 18% in premarket trading following its third-quarter results, which showed revenue beating expectations but earnings falling short. This decline could be the largest percentage drop in the company's history if it hol...
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, causin...
