ServiceNow (NOW) Projected to Release Earnings on Wednesday

Key Points

• ServiceNow is expected to report Q3 2026 earnings after Wednesday’s close, October 28. Analysts forecast earnings of $1.02 per share and revenue of $4.09 billion.
• The company exceeded estimates in its previous quarter, posting $0.90 EPS and $3.99 billion in revenue, with revenue up 24% year over year. Investors will look for continued AI-driven growth and customer upgrades.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $152.71, though the stock’s premium valuation, elevated short interest and recent layoffs present risks.

ServiceNow (NYSE:NOW - Get Free Report) is projected to announce its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect ServiceNow to announce earnings of $1.02 per share and revenue of $4.09 billion for the quarter. Parties are encouraged to explore the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Wednesday, October 28, 2026 at 5:00 PM ET.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.04. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The company's quarterly revenue was up 24.0% compared to the same quarter last year. On average, analysts expect ServiceNow to post $2.22 EPS for the current fiscal year and $2.84 EPS for the next fiscal year.

ServiceNow Stock Up 3.0%

NOW opened at $149.70 on Wednesday. ServiceNow has a 1-year low of $81.24 and a 1-year high of $192.97. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $154.79 billion, a price-to-earnings ratio of 93.56, a P/E/G ratio of 2.67 and a beta of 0.99. The business has a 50 day moving average of $136.01 and a 200-day moving average of $114.34.

Insider Activity

In other news, insider Jacqueline Canney sold 7,847 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the sale, the insider directly owned 30,042 shares in the company, valued at approximately $4,145,796. The trade was a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fipps sold 2,034 shares of the company's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the transaction, the insider owned 18,305 shares of the company's stock, valued at $2,706,760.35. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 14,081 shares of company stock worth $1,937,904. Company insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NOW. Bank of America boosted their target price on shares of ServiceNow from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Mizuho set a $170.00 target price on shares of ServiceNow and gave the company an "outperform" rating in a research note on Thursday, October 15th. JPMorgan Chase & Co. increased their price target on shares of ServiceNow from $145.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Morgan Stanley set a $180.00 price objective on shares of ServiceNow in a report on Tuesday, July 21st. Finally, BTIG Research restated a "buy" rating and set a $170.00 price objective on shares of ServiceNow in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $152.71.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Analyst support and upcoming earnings: BMO Capital Markets named ServiceNow a new Top Pick, while Bernstein raised its price target to $266 and Piper Sandler and TD Cowen also lifted targets. Investors are looking for evidence of continued customer upgrades and AI-driven growth in the third-quarter report expected October 28. These 2 software stocks are new Top Picks at BMO
• Positive Sentiment: AI monetization remains the central catalyst: ServiceNow is expanding zero-code AI-agent tools, governance capabilities and workflow automation across IT, human resources, customer service and other enterprise functions. Its recent quarter showed approximately 24% year-over-year revenue growth, supporting the argument that the company can convert AI demand into higher-margin software sales. ServiceNow Orchestrates AI's Next Act—Can Earnings Deliver?
• Positive Sentiment: Technical momentum is improving: A bullish flag breakout and stronger moving-average structure could support a move through $154, with one forecast identifying a potential path toward $211 if resistance is cleared. ServiceNow Price Forecast: $154 Breakout Could Extend Recovery
• Positive Sentiment: ServiceNow expanded a partnership with Simplify Alpha to develop AI-powered, payer-specific solutions for health insurers, potentially opening another vertical for workflow and automation growth. Simplify Alpha Expands Partnership with ServiceNow
• Neutral Sentiment: ServiceNow was highlighted as a favored name in CNBC’s “Final Trades,” adding visibility among retail and professional investors. CNBC's Final Trades
• Negative Sentiment: Risks include a premium valuation near 93 times trailing earnings, increased short interest, a current ratio below 1.0 and another round of San Diego sales-job cuts. These factors could limit upside if upcoming results fail to justify elevated expectations. ServiceNow cuts San Diego sales jobs

About ServiceNow

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company's products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.

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