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ServiceNow raises subscription outlook to $15.785 billion

ServiceNow raises subscription outlook to $15.785 billion Image: Primary
ServiceNow raised its 2026 subscription-revenue outlook to $15.785 billion and its free-cash-flow-margin target to 36%, Yahoo Finance reported. Third-quarter subscription revenue reached $3.988 billion, growing 20.5% in constant currency and exceeding the high end of company guidance by 50 basis points. The company also raised its year-end target for AI annual contract value to more than $1.7 billion. Chief Executive Bill McDermott said AI net new annual contract value rose 65% year over year as ServiceNow combines subscriptions with consumption-based AI offerings. Its quarterly non-GAAP operating margin was 32.5%; free-cash-flow margin was 20%.
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Yahoo Finance
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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