ServiceNow Inc.NOW

ServiceNow reported Q2 2026 subscription revenues of $3,877 million, up 24.5 percent year over year, and beat the high end of guidance across all topline growth and profitability metrics, raising its full year subscription revenues outlook. The company described itself as the AI control tower for business reinvention in its earnings press release dated July 22 2026.

ServiceNow sells a cloud-based workflow automation platform that helps large enterprises manage IT service, employee onboarding, customer support and now AI governance. The company recognises subscription revenue over 12 to 36 month contract terms, meaning quarterly results smooth over the lumpiness of when customer agreements are actually signed. Professional services and other revenues rose by $8 million in the quarter and $24 million over six months compared with 2025, driven by services and trainings for new customers.

The 10-Q for the period ending June 30 2026 shows revenue of $3.99 billion, net income attributable to parent of $298.0 million, operating income of $162.0 million, and diluted EPS of $0.29 on 1.03 billion weighted average diluted shares. Cash and equivalents stood at $2.50 billion against total assets of $31.67 billion and liabilities of $19.15 billion. Stockholders equity was $12.52 billion. Net cash from operating activities was $2.26 billion, against property, plant and equipment payments of $255.0 million. R&D expense was $915.0 million for the period.

The filing rail includes the 10-Q filed July 23 2026, an 8-K and two S-8 registrations filed July 22 2026, and Form 4 insider filings dated June 17 and June 1 2026. The S-8 filings include an amended and restated 2021 Equity Incentive Plan and a separate Apollo plan registration. The chart route is not specified in the supplied evidence, so no price levels, moving averages or technical observations are offered here.

What changed this quarter: ServiceNow beat its own guidance and raised the full year subscription revenue outlook, signed a multi year Lenovo partnership to automate technology lifecycle workflows, and amended its equity incentive plan. What remains unproven from the supplied evidence is the margin trajectory of the professional services business, the specific contribution of AI products to subscription growth, and the dilutive impact of the newly registered S-8 shares on the existing 1.03 billion share count.

What would deepen the file: segment level subscription breakdown, remaining performance obligations, full year guidance figures in dollars, and the specific number of shares registered under the two S-8 filings. The evidence supplied does not include a balance sheet for deferred revenue or a cash flow statement line for free cash flow, both of which would sharpen the operating picture.