Financial Beat & Cyber Growth McDermott emphasized that ServiceNow is rapidly expanding beyond traditional IT workflows into security orchestration, accelerated by recent acquisitions like Armis and Veza. “We now have a 10-figure cybersecurity business that’s growing faster than all the other top cybersecurity companies,” McDermott stated during the earnings call. He added that the performance solidifies ServiceNow’s position as the “fastest-growing major enterprise software and cybersecurity company,” declaring, “We are who we said we were: a defining company that is only just getting started.” The enterprise software provider delivered non-GAAP earnings of $0.90 per share, topping Wall Street expectations of $0.85 per share. Following the strong second quarter performance, ServiceNow raised its full-year 2026 subscription revenue guidance to $15.77 billion, representing 21% year-over-year growth. Accelerating Enterprise AI Adoption ServiceNow’s AI annual contract value (ACV) crossed $1 billion during the quarter, keeping the firm on track to hit $1.5 billion by year-end. Management reported that deployments of agentic AI increased ninefold over the last nine months. Current remaining performance obligations (cRPO) closed at $13.20 billion, up 21.5% year-over-year in constant currency. Analyst Perspective on AI Moat Boloor added that ServiceNow acts as the control layer for “any agent, any workflow, any model,” highlighting that 50% of the company’s net new business is already non-seat-based. How Has NOW Performed In 2026? NOW shares declined 37.69% year-to-date, up 2.63% over the last month, and lower by 50.40% over the year. It closed 6.47% lower at $95.46 per share on Wednesday, and it was up 7.24% in premarket on Thursday. Benzinga’s Edge Stock Rankings indicate that NOW maintains a weak price trend in the short, long, and medium terms, with a solid growth score. Photo courtesy: bluestork / Shutterstock.com © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga