ServiceNow Q2 Beats Forecast With AI Adoption and Subscription Growth
ServiceNow reported Q2 subscription revenue and cRPO growth ahead of expectations, driven by accelerating AI adoption. AI ACV exceeded $1 billion and net new AI ACV rose 40% quarter over quarter. The stock has rebounded about 64% since April lows, though it remains below its all-time high as investors watch updated AI ACV and revenue guidance.