capital · May 20, 2026
ServiceNow Reports Q1 2026 Beat with Raised AI Revenue Target to $1.5 Billion
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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.
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