ServiceNow raises full-year 2026 subscription revenue outlook after Q2 beat
ServiceNow reported second-quarter 2026 subscription revenues of $3,877 million, representing 24.5% year-over-year growth, exceeding the high end of guidance by 150 basis points. The company raised its full-year 2026 subscription revenue guidance to $15,760–$15,780 million, reflecting 22.5% year-over-year growth, driven by net new annual contract value outperformance and stronger-than-expected U.S. Federal demand that accelerated on-premise revenues into Q2.
- Subscription revenues of $3,877 million in Q2 2026, 24.5% year-over-year growth, 23% in constant currency
- Current remaining performance obligations of $13.20 billion as of Q2 2026, 21% year-over-year growth, 21.5% in constant currency
- ServiceNow AI crossed $1 billion in annual contract value in Q2 2026
- 123 transactions over $1 million in net new annual contract value in Q2 2026, growing nearly 40% year-over-year
- 658 customers with more than $5 million in ACV, representing approximately 23% year-over-year growth
- FY 2026 subscription revenue guidance raised to $15,760–$15,780 million, 22.5% year-over-year growth
- Remaining performance obligations of $29.0 billion as of Q2 2026, 21% year-over-year growth, 22% in constant currency
The raised full-year guidance reflects sustained enterprise demand for ServiceNow's AI platform and underscores the company's execution strength; the acceleration of federal on-premise revenues into Q2 also signals strong near-term momentum in a key customer segment, though it created a headwind for Q3 expectations.
Derived from 8-K filed 2026-07-22. Not investment advice. Figures are extracted from the filing; prose is AI-assisted. View the source filing on SEC.gov →