ServiceNow, Inc. (NOW) earnings on July 22, 2026

After the market closes Q2 2026

More ServiceNow, Inc. earnings

Prior outlook: No statistical edge

The stock initially jumped 8.7% after earnings but then reversed, closing down 3.7% as the market reacted negatively.

NOW price around the earnings

91.94

Change: -3.7%

2026-07-23, 20:00 UTC

Start of the measured window End of the measured window
91.58 95.66 99.73 103.81 95.50
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)
July 22, 2026 July 23, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published
Results released

Pre-release: Analysts expect strong growth with a strong recent beat history, but recent 14d selloff and negative news.

Context analyzed before publication

Trend
Stock saw a moderate run-up, then a significant selloff, with a slight recovery into earnings.

Analysts

Evidence

Analyst consensus
Strong buy
Consensus average (1-5)
1.47
Analysts covering the stock
47
Average price target
140.14
Lowest price target
72
Highest price target
236
Upside to price target
46.8%
Quarterly earnings growth
2%
Revenue growth
22.1%
Forward EPS
5.02
Trailing EPS
1.68
Analyst moves in the last 60 days
10
  • Strong buy: 10
  • Buy: 34
  • Hold: 3
  • Sell: 1
  • Strong sell: 1
Strong buy
10
Buy
34
Hold
3
Sell
1
Strong sell
1
  • July 20, 2026 · DA Davidson: Maintains rating (Buy → Buy)
  • July 20, 2026 · Cantor Fitzgerald: Maintains rating (Overweight → Overweight)
  • July 20, 2026 · CLSA: Initiates coverage (Underperform)
  • July 17, 2026 · TD Cowen: Reiterates rating (Buy → Buy)
  • July 15, 2026 · Oppenheimer: Maintains rating (Outperform → Outperform)
  • July 15, 2026 · Citigroup: Maintains rating (Buy → Buy)
  • July 14, 2026 · UBS: Maintains rating (Neutral → Neutral)
  • July 9, 2026 · Goldman Sachs: Maintains rating (Buy → Buy)
  • July 9, 2026 · Truist Securities: Maintains rating (Buy → Buy)
  • July 1, 2026 · Guggenheim: Upgrades rating (Neutral → Buy)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (5)

Technicals

Evidence

Average true range (ATR)
5.4%
Distance to 52-week high
-52.1%
14-day change (14d)
-7.8%
30-day change (33d)
+7.2%
30-day relative strength
+7.0%
SPY change (33d)
+0.2%
Nearest support
102.01
Nearest resistance
103.1
Volume accumulation ratio (14d / 46d)
0.72

Trends

Evidence

Average earnings surprise
+8.0%
  • April 22, 2026: actual EPS 0.97 vs estimate 0.97 (surprise +0.4%)
  • January 28, 2026: actual EPS 0.92 vs estimate 0.89 (surprise +4.0%)
  • October 29, 2025: actual EPS 0.96 vs estimate 0.85 (surprise +13.0%)
  • July 23, 2025: actual EPS 0.82 vs estimate 0.71 (surprise +14.6%)

Expected move

Implied move
+10.3%
Source
Options chain

Reactions over its last 20 earnings

Median move
4.1%
75th percentile move
10.3%
90th percentile move
13.8%
Up / down moves
14 / 6
Average up move
+6.0%
Average down move
-8.1%

Monitoring and close

What ServiceNow, Inc. reported

Status
Pending
Actual EPS0.9
EPS estimate0.85
EPS surprise+5.9%
Revenue$3,987 million
Revenue estimate$3,928 million
Revenue surprise+1.5%

Sources (1)

  • ServiceNow reported adjusted earnings of $0.90 per share, beating the $0.85 estimate, and revenue of $3.987B, above the $3.928B expected. — Benzinga

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures don't clearly confirm the prior scenario. In 1115 past cases, this pattern was followed by an optimistic outcome 84.1% of the time.

How the stock reacted

Consolidated
-3.7%
Max move
+8.7%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.