Jul. 21 at 12:17 AM
$NOW
What Q1 projected for Q2
* Middle East deals should begin closing.
* Subscription revenue:
$3.815–3.820 billion
* This was their official Q2 guidance and implied roughly 22.5% year-over-year growth, remaining one of the fastest-growing large enterprise software companies.
* Q1 showed Now Assist customers spending over
$1 million annually grew more than 130% year over year, and management indicated AI demand was still exceeding their expectations. Investors want to see that momentum continue into Q2.
* Raised full-year guidance
* Despite geopolitical uncertainty, ServiceNow raised its full-year subscription revenue outlook, signaling confidence that Q2 and the remainder of 2026 would be stronger than previously expected.
* Armis acquisition begins contributing
* Q2 is the first quarter expected to receive about 125 basis points of subscription revenue contribution from Armis.
