ServiceNow Q2 Revenue Hits $3.99B, Launches Otto AI, Closes $7.8B Armis Deal
NOW sits 23% above its 52-week low of $81.24.
Summary
ServiceNow delivered a strong Q2 with total revenue of $3.99B (+24% YoY) and subscription revenue of $3.88B, beating estimates. The company launched ServiceNow Otto, a unified AI platform, expanded its AI Control Tower, and introduced Action Fabric with Anthropic. It also closed the $7.8B acquisition of Armis, bolstering its cybersecurity portfolio. AI annual recurring revenue surpassed $1B, and the company set a 2026 AI revenue target of $1.5B. Q3 subscription revenue guidance of ~$3.98B signals continued momentum. Shares rose about 4.5% after hours, reversing a 5.7% decline during the regular session. This follows the Q2 earnings beat reported yesterday, adding product and acquisition details that strengthen the growth narrative.
At the time of this announcement, NOW was trading at $100.00 on NYSE in the Technology sector, with a market capitalization of approximately $98.4B. The 52-week trading range was $81.24 to $210.20. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.