ServiceNow

ServiceNow Details Pricing Model Shift and Security Investments in JPMorgan Conference

ServiceNow outlined a new hybrid pricing model combining base software licensing with usage-based AI consumption during a May 2026 JPMorgan Global Tech Conference discussion. The shift allows customers to adopt changes at contract renewal without immediate price increases for equivalent tiers like Prime versus prior Pro Plus. ServiceNow allocates 50 to 60 percent of engineering and research budget to security, compliance, and hardening versus 20 percent for core software development. CISOs represent the second-largest buying center after CIOs, with security and risk revenue exceeding $1 billion. The Veza acquisition provides Access Graph technology monitoring 30 billion permission parameters in real time for AI agent governance.

ServiceNow Executives Purchase Shares on Open Market in May 2026

ServiceNow CEO William R. McDermott, COO Amit Zavery, and CFO Gina Mastantuono executed open market purchases of company stock around May 15, 2026. McDermott purchased shares valued at approximately $2.02 million, Zavery at $2.31 million, and Mastantuono at $910,000, all at $90.95 per share. These buys occurred alongside other Form 4 filings showing cluster insider activity. ServiceNow reported strong Q1 2026 results with raised AI commitments to $1.5 billion and Now Assist customers over $1 million annual contract value growing over 130 percent. The purchases signal leadership conviction following recent acquisitions including Armis on April 20, 2026.

Nvidia CEO Jensen Huang Endorses ServiceNow as AI Enterprise Operating System

ServiceNow Ventures Invests in Sigma Computing $80M Series E Funding Round

ServiceNow Ventures participated in Sigma Computing's $80 million Series E funding round announced on May 18, 2026. The round, led by Princeville Capital with participation from Databricks Ventures and Workday Ventures, doubled Sigma's valuation to $3 billion. Sigma reported $200 million in annual recurring revenue, more than 2,000 customers, and launched Sigma Agents as its most rapidly adopted product for agentic analytics. Sigma's warehouse-native architecture supports governance and security for AI agents running in data warehouses like Snowflake and Databricks. ServiceNow and Workday view Sigma as a complementary layer above their platforms for enterprise AI workflows.

Experian and ServiceNow Form Multi-Year Partnership for Agentic AI Decisioning

Bank of America Reinstates ServiceNow Buy Rating With $130 Price Target

ServiceNow CEO Bill McDermott Buys $3M Shares as Insiders Cancel Sales

ServiceNow Reports 80 Percent Jump in Mega Deals and 44 Percent Free Cash Flow Margin After $7.75 Billion Armis Acquisition

ServiceNow reported an 80 percent jump in mega deals and a 44 percent free cash flow margin in recent quarters. The company completed the $7.75 billion acquisition of Armis and integrated the Moveworks acquisition into EmployeeWorks which generated more sales in its first quarter than Moveworks achieved independently in the prior full year. ServiceNow acquired Veza bringing patented Access Graph technology monitoring 30 billion permission parameters in real time. The firm spends 50 to 60 percent of its engineering budget on security compliance and hardening with 90 percent of deployments occurring through partners.

Politicians Including Trump and 19 Congress Members Disclose ServiceNow Purchases

ServiceNow Expands AWS Partnership for AI Governance Tools and Launches Build Agent Powered by Anthropic

Bank of America Issues Buy Rating and $130 Price Target on ServiceNow After Knowledge 2026 AI Announcements

ServiceNow Stock Rises 8.8 Percent After AI Product Launches and Bank of America Buy Rating on May 18 2026

ServiceNow Appoints AI Strategy Leader Michael Park as SVP of Global Partnerships and Channels at Knowledge 2026

ServiceNow Completes 1-for-5 Stock Split and Launches $4 Billion Debt Offering

ServiceNow completed a 1-for-5 stock split with adjusted trading beginning December 18, 2025. On May 15, 2026 ServiceNow announced a $4 billion senior unsecured bond offering with maturities from 2028 to 2056 at coupon rates between 4.25 percent and 6.30 percent. The offering attracted more than $38 billion in demand and raised approximately $3.94 billion to repay a bridge loan for the $7.75 billion Armis Security acquisition. CEO Bill McDermott highlighted the strategic role of the Armis acquisition in the announcement.

Amplitude Appoints Former ServiceNow Executive Gabby Menachem as Chief Product Officer

Amplitude appointed Gabby Menachem as Chief Product Officer to expand its AI analytics strategy. Menachem previously spent six years at ServiceNow scaling its IT Operations Management product line to more than $1 billion in annual revenue after founding Loom Systems which ServiceNow acquired in 2020. The move follows Menachem's long tenure building ServiceNow's enterprise IT operations capabilities.

ServiceNow Reports Q1 2026 Beat with Raised AI Revenue Target to $1.5 Billion

ServiceNow delivered Q1 2026 results with subscription revenue of $3.67 billion, up 22 percent year-over-year. The company raised its 2026 AI revenue target from $1 billion to $1.5 billion. Now Assist recorded a 130 percent year-over-year increase in $1 million plus annual contract value customers. ServiceNow executed a $2 billion accelerated share repurchase and maintained 97 percent renewal rates for six consecutive quarters. CEO Bill McDermott stated that AI growth is far exceeding internal expectations.

Allworth Financial LP Boosts ServiceNow Stake by 567.1 Percent in Q4

ServiceNow and Experian Form Multi-Year Global Partnership for AI Workflows

BofA Analyst Issues Buy Rating and $130 Price Target on ServiceNow

ServiceNow CEO Bill McDermott Targets $1 Trillion Valuation by 2030

ServiceNow CEO Bill McDermott stated that ServiceNow is targeting a $1 trillion valuation by 2030 with current market cap around $98 billion. The vision includes reaching $30 billion in revenue and owning the enterprise AI operating system through partnerships with NVIDIA, OpenAI, Anthropic, and others. Key customers include NVIDIA, Apple, Microsoft, Google, Amazon, Meta, Tesla, NASA, and the US Air Force. ServiceNow CEO Bill McDermott stated on May 17, 2026 that ServiceNow targets a $1 trillion valuation by 2030.

ServiceNow CEO Bill McDermott Bought $3 Million in $NOW Shares at $107 Average Price

Sigma Raises $80 Million Series E at $3 Billion Valuation with ServiceNow Ventures Participation

Sigma announced the closing of an $80 million Series E financing round on May 18, 2026 at a $3 billion valuation. The round was led by Princeville Capital with participation from new investors Databricks Ventures, ServiceNow Ventures, and Workday Ventures. ServiceNow Ventures VP Victor Chang stated that Sigma has built proven enterprise traction in the shift from static reports to analytics that drive decisions. Previous investors including Altimeter Capital and Spark Capital also participated. Sigma announced the $80 million Series E round on May 18, 2026.

Experian and ServiceNow Form Global Multi-Year Partnership for Agentic AI Workflows