ServiceNow Smashes Q2 Estimates Again

ServiceNow (NOW) just crushed Q2adjusted EPS came in at $4.09 versus the $3.57 consensus, GAAP EPS hit $1.84 versus $1.60 and revenue climbed to $3.22 B versus $3.12 B, which sent shares up 6% after hours.

CFO Gina Mastantuono said Now Assist showed up in 18 of the top 20 deals, pushing deal volume up 50% as heavy hitters like Nvidia NVDA and Starbucks SBUX ramp AI use. Next quarter they're guiding subscription revenue to $3.263.27 billion (versus the $3.21 B estimate) and lifted full?year subs to $12.7712.79 billion, $125 million above the old midpoint.

They also teamed with CapZone to modernize a naval yard in Mobile, Ala., and rolled out an agentic workforce management so AI and humans can tag?team tasks. Why it matters: Rapid AI adoption and an upward guidance tweak show ServiceNow is right at the heart of enterprise AI budgets. Investors will be watching Q3 subscription numbers and uptake of these new AI workforce tools.