ServiceNow is set to report Q2 2026 earnings on July 22, with subscription revenue expected to reach $3.815 billion to $3.820 billion, representing 22.5% year-over-year growth, according to guidance the company provided in April.
The company’s AI momentum has been a key driver of growth. ServiceNow raised its 2026 artificial intelligence revenue target to $1.5 billion, reflecting strong adoption of its Now Assist AI products. In the first quarter, customers spending over $1 million in annual contract value on Now Assist grew more than 130% year-over-year, signaling accelerating enterprise demand for the company’s AI-powered workflow automation platform.
Q1 2026 results beat expectations across the board. ServiceNow reported subscription revenues of $3.671 billion in the quarter, up 22% year-over-year, and raised its full-year 2026 subscription revenue guidance to between $15.735 billion and $15.775 billion, implying 22% to 22.5% growth. The company cited strong enterprise adoption of its AI control tower platform, which integrates AI models, cloud services, and legacy systems into a single operational view.
Analyst expectations for Q2 are broadly aligned with the company’s guidance. Analysts project Q2 revenue of approximately $3.92 billion, a 22% year-over-year increase, with earnings per share expected around $0.86. The earnings call will begin at 5:00 PM ET on July 22, where management will discuss Q2 results and provide updated guidance for the remainder of 2026.
ServiceNow’s subscription revenue growth has been consistent despite broader software sector volatility. The company’s ability to convert AI innovation into customer spending—particularly through its Now Assist products—has positioned it as one of the faster-growing enterprise software platforms. The company also completed acquisitions of Armis and Veza in Q1, expanding its security capabilities and enterprise AI footprint.
Sources
- ServiceNow Newsroom — Q1 2026 earnings announcement with subscription revenue figures, AI revenue target raise to $1.5B, and Q2 2026 guidance of 22.5% subscription revenue growth
- Yahoo Finance — Q2 2026 analyst expectations for $3.92 billion revenue and 22% year-over-year growth
- Zacks Investment Research — ServiceNow’s 2026 AI revenue target raise to $1.5B driven by Now Assist adoption
- ServiceNow Investor Relations — Q2 2026 earnings conference call scheduled for July 22, 2026 at 5:00 PM ET
