ServiceNow Q1 Beats Boost AI Momentum and 2026 Outlook

ServiceNow topped Q1 estimates, beating on revenue and matching EPS, while raising 2026 subscription revenue guidance by about $210 million. The company’s RPO backlog reached $27.7 billion, up 22% year over year, and AI revenue run rate hit $1.5 billion (up 50% YoY) with stronger AI products and partnerships with Nvidia, Microsoft, and Google Cloud. With the stock trading at under 24x 2026 EPS and >19% growth, NOW presents a potential long-entry for investors comfortable with volatility and AI-sector risk.