ServiceNow Inc. (NOW) earnings date & stock reaction
NOW · ServiceNow Inc. · IT
ServiceNow Inc. earnings date & time
Schedule
- Korea time (KST)
- Thu, October 29
- Reporting pattern
- 12 of last 12 after close
- Typical move
- ±7.7% · 12-report avg
What the market expects
Consensus EPS
$1.02Coming in above this counts as a beat
- Year-ago quarter
- $0.96→+6.3%
“Subscription revenue growth was 23% in constant currency, one and a half points above the high end of our guidance. CRPO growth was 21.5% in constant currency, more than two points above our guidance.”
“For 2026, we're raising our subscription revenues by $15 million at the midpoint from $15.755 billion-$15.770 billion, representing 21% year-over-year growth on a constant currency basis.”
- ▲Rapid growth in AI revenue
- ServiceNow AI annual contract value (ACV) surpassed $1 billion this quarter.
- Customers with agentic AI in production increased 9x over the last nine months.
- ▲Operating leverage and profitability
- Operating margin reached 29.5%, beating company guidance by 3%p.
- Total revenue grew 24% YoY, proving strong operational efficiency.
- ▲Expansion of large customer base
- Transactions over $1 million in ACV reached 123, up nearly 40% YoY.
- Customers with over $5 million in ACV grew to 658, up approximately 23% YoY.
- ▼Decelerating growth guidance
- Q3 subscription revenue growth guidance is 20%, lower than the 23% achieved this quarter.
- Next quarter's cRPO growth guidance is 20%, slowing from this quarter's 21.5%.
- ▼Revenue shift due to one-time factors
- Part of the Q2 outperformance was due to strong U.S. federal demand shifting revenue from Q3 to Q2.
ServiceNow Inc. (NOW) rose the day after earnings in 7 of its last 12 reports (58%), moving ±7.7% on average. It has fallen despite beating the consensus estimate 3 times.
Even when EPS beat expectations, the stock fell 5 of the last 12 times. The number alone doesn't move it.
When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
3/10 beats fell next day · watches cRPO · subscriptions
- Jun 2026 report-3.7%
- Mar 2026 report-17.8%
- Dec 2025 report-9.9%
- Sep 2025 report+2.5%
- Jun 2025 report+4.2%
- Mar 2025 report+15.5%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 6/2026 | 2026-07-22 | +5.0% | -3.7% | +21.3% |
| 3/2026 | 2026-04-22 | +0.4% | -17.8% | -13.8% |
| 12/2025 | 2026-01-28 | +4.0% | -9.9% | -14.3% |
| 9/2025 | 2025-10-29 | +13.0% | +2.5% | -3.5% |
| 6/2025 | 2025-07-23 | +14.6% | +4.2% | +2.2% |
| 3/2025 | 2025-04-23 | +5.4% | +15.5% | +17.5% |
12 reports, quarters ending 9/2023 to 6/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next ServiceNow Inc. earnings date?
The next ServiceNow Inc. (NOW) earnings report is expected Wed, October 28 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.
What is the consensus EPS forecast for ServiceNow Inc.'s next earnings?
Analysts expect EPS of about $1.02 for ServiceNow Inc. (NOW). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.
Does ServiceNow Inc. (NOW) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 7 of them (58%). The average move on earnings day was ±7.7%.
Does ServiceNow Inc. react more to the earnings numbers or to guidance?
In 3 of the last 10 reports (30%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can ServiceNow Inc. stock fall even when earnings are good?
Yes. In 5 of the last 12 reports, ServiceNow Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does ServiceNow Inc. stock keep moving after the earnings day?
Over the last 12 reports, the move continued in the same direction for the following five trading days 33% of the time. This tendency is known as post-earnings announcement drift.