ServiceNow (NOW) Stock Falls 19% After Q3 Earnings Miss Despite Revenue Beat
Photo: CoinCentral
TLDR ServiceNow (NOW) stock fell about 19% to $121.70 in Thursday premarket trading after a Q3 earnings miss. Adjusted EPS came in at $1.00, short of the $1.02 estimate, while revenue of $4.11 billion beat the $4.10 billion estimate. The company raised its 2026 AI annual contract value target to $1.7 billion, up 70% from the start of the year. Q4 subscription revenue guidance is $4.245 billion to $4.255 billion, and full-year free cash flow margin guidance rose to 36%. CEO Bill McDermott blamed the 2-cent miss on interest costs tied to recent acquisitions.
Source: CoinCentral
