ServiceNow Exceeds Q1 Guidance with Strong Revenue Growth and AI Momentum
ServiceNow exceeded Q1 guidance with 19% constant-currency subscription revenue growth to $3.671B and a 44% free cash flow margin. AI adoption is accelerating, with Now Assist revenue targets now projected at $1.5B for 2026. The early closure of the Armis acquisition boosted full-year revenue guidance but introduced near-term margin pressures.
Topics: AI Adoption Earnings M&A Operating Margin Revenue Growth Subscription Revenue