ServiceNow Beats Q2 Estimates With $3.99B Revenue, Raises Full-Year Guidance as Stock Surges 7%

According to Fiscal.ai, ServiceNow reported second-quarter revenue of $3.99 billion on Wednesday, beating the consensus estimate of $3.92 billion. Adjusted earnings per share came in at $0.90, topping the $0.86 consensus estimate. The company's shares jumped 7% in after-hours trading following the results, reversing a 6.5% regular-session decline.

Current remaining performance obligations (cRPO), a key metric tracking near-term revenue visibility, climbed 21% year-over-year to $13.2 billion. ServiceNow raised its full-year subscription revenue guidance to $15.76 billion–$15.78 billion, up from $15.73 billion–$15.77 billion previously. Strong U.S. federal demand drove the outperformance, accelerating on-premise subscription revenue into the quarter.