Jul. 22 at 8:22 PM
ServiceNow
$NOW Q2 earnings preview 📊
Estimated Revenue:
$3.93 billion (+22% YoY)
Estimated EPS:
$0.86 (+5% YoY)
Key notes:
• EPS may take a hit due to the Armis acquisition, impacting margins this quarter and FY ‘26
• Down 58% from ATHs, ServiceNow is now trading around 20x forward P/E
What I’m watching:
• Renewal rate staying at 97%+
• SBC trending lower with increased buybacks
• Now Assist maintaining strong AI growth (+130% YoY last quarter)
I’m feeling confident heading into earnings. If the results are strong and the market gives a pullback, I’ll be looking for an opportunity to add.
Also keeping an eye on the broader AI software group:
$CRM $SNOW $PLTR $CRWD
AI adoption is still the long-term driver, but execution and guidance will decide the next move.
Are you buying, holding, or waiting for a better entry?
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