--- canonical_url: https://www.stockexpertai.com/earnings/now last_updated: 2026-05-04T10:14:08.211Z --- # ServiceNow, Inc. (NOW) Q4 FY2026 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-04T10:14:07.219Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $91.16 (▲ 3.23%) | fmp:quote | | Market Cap | $94.0B | fmp:profile | | 52w range | $81.24 – $211.48 | fmp:quote | | Earnings | Wed 22 Jul | fmp:earnings-history | | EPS estimate | $0.85 (+4% YoY) | fmp:earnings-estimate | | Revenue estimate | $3.9B | fmp:earnings-estimate | | Beat streak | 0/4 | fmp:earnings-history | | Rating | B (overall 3/5) | fmp:ratings | | Analyst median target | $135 (+48.1% upside) | fmp:price-target-consensus | | MoonshotScore | 63/100 | derived | | Council | 4/6 bullish | derived | | Munger verdict | Undervalued | derived | ## ServiceNow, Inc. — Q4 FY2026 Expectations Q4 consensus: revenue $3.9B^{[FMP est]}, EPS $0.85^{[FMP est]}. 0 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** B · **Stance:** BUY · **Council:** 4/6 · **Moonshot:** 63 = MoonshotScore 63^{[9-pillar formula]} + Council 4/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (4 metrics) ### 1. New Logo Acv Growth New logo ACV growth accelerated to over 50% year-over-year in Q1, which included our largest net new logo deal ever at over $15 million. > "New logo ACV growth accelerated to over 50% year-over-year in Q1, which included our largest net new logo deal ever at over $15 million." > — Gina Mastantuono, President and Chief Financial Officer, Investor Focus · Q1 FY2026 ### 2. Rpo Growth ServiceNow's remaining performance obligation (RPO) reached $27.7 billion, growing at 23.5% year-over-year. > "RPO ended the quarter at approximately $27.7 billion, representing 23.5% year-over-year constant currency growth." > — Gina Mastantuono, President and Chief Financial Officer, Investor Focus · Q1 FY2026 ### 3. Now Assist Outperformance Now Assist continues to outperform expectations, putting it on a trajectory to exceed our $1 billion target for 2026. > "Now Assist continues to outperform expectations, putting it on a trajectory to exceed our $1 billion target for 2026." > — Gina Mastantuono, President and Chief Financial Officer, Investor Focus · Q1 FY2026 ### 4. Employee Works Success Since the launch of Employee Works, there have been 6 new ACV deals above $1 million. > "As Bill mentioned, we've already closed 6 deals above $1 million in net new ACV." > — Gina Mastantuono, President and Chief Financial Officer, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 9.0 | strong | Q1 vs Q2: fast growth (+17.3%) | | Gross Margin | 8.0 | strong | Q1: very high margin (75.1%, software/cloud territory) | | Operating Leverage | 1.0 | weak | op margin average (13.3%) | | Cash Runway | 10.0 | strong | FCF very strong ($1.5B, 10.8× CapEx) | | R&D Intensity | 3.0 | weak | very high R&D (22.1%, margin pressure risk) | | Price Momentum | 4.0 | medium | RSI 43.7 weak momentum, 50d below | | News Sentiment | 9.0 | strong | strong buy consensus (90%) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +48.1% | | Ken Griffin | bear | flow · 50d MA below | | Jim Simons | neutral | quant · RSI 44 | | Klarman | bull | value · target upside +48.1% | | Buffett | bull | quality · ROE score 4/5 | | Munger | bull | valuation · target upside +48.1% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Undervalued - **Financial Health:** Moderate - **Margin of Safety:** Strong - **Interest Coverage:** Adequate - **ROIC vs WACC:** Healthy **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 43.7 — momentum zayıf — oversold yakınında değil ama alıcı baskısı az - **50d MA:** $103 — hisse %11.7 altında — kısa vadeli direnç - **200d MA:** $150 — hisse %39.2 altında — uzun vadeli baskı - **Volume (10d):** -29% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $0.82 | $0.71 | BEAT | +4.2% | | Q3 FY25 | $0.96 | $0.85 | BEAT | +2.5% | | Q4 FY25 | $0.92 | $0.89 | BEAT | -9.9% | | Q1 FY26 | $0.97 | $0.97 | +0.0% EPS | -17.7% | Q1 (April 22, 2026): EPS $0.97 vs $0.97 est^[FMP], +0.0% beat. D+1 movement: -17.7%^{[FMP D+1]}. Decline despite beat — market reacted to guidance, not numbers. ## 3 Scenarios ### Scenario A · Beat **Q4 EPS > $0.85 + CapEx discipline** Threshold: EPS > $0.85^{[FMP est]}. Target: Break above median target $135^{[FMP target]}; high target $225^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $0.85 + CapEx < $141.0M** Threshold: EPS ≈ $0.85^{[FMP est]}, Q4 CapEx < $141.0M^[FMP]. Target: Consolidation in the band between current $91^[FMP] and median $135^[FMP]. ### Scenario C · Miss **EPS < $0.82 or CapEx ≥ $141.0M** Threshold: EPS < $0.82^{[FMP est×0.97]}. Target: Current $91 below SMA200 $150^[FMP], if rejection continues, $127^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $0.97 vs $0.97 beat^[FMP], stock -17.7% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $141.0M^{[FMP cashflow]}. Q1 op margin 13.3%^{[FMP op margin]} — this level in Q4 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $135 (+48.1% upside vs current $91) - **High / Low:** $225 / $85 - **Buy / Hold / Sell:** 43 / 4 / 1 - **Analyst count:** 19 (last quarter), 183 all-time ## Additional Transcript Insights ### 1. rpo_growth **Claim:** ServiceNow's remaining performance obligation (RPO) reached $27.7 billion, growing at 23.5% year-over-year. **Evidence (transcript):** "RPO ended the quarter at approximately $27.7 billion, representing 23.5% year-over-year constant currency growth." **Numbers:** $27.7 billion, 23.5% ### 2. now_assist_outperformance **Claim:** Now Assist continues to outperform expectations, putting it on a trajectory to exceed our $1 billion target for 2026. **Evidence (transcript):** "Now Assist continues to outperform expectations, putting it on a trajectory to exceed our $1 billion target for 2026." **Numbers:** $1 billion, 2026 ### 3. new_logo_acv_growth **Claim:** New logo ACV growth accelerated to over 50% year-over-year in Q1, which included our largest net new logo deal ever at over $15 million. **Evidence (transcript):** "New logo ACV growth accelerated to over 50% year-over-year in Q1, which included our largest net new logo deal ever at over $15 million." **Numbers:** 50%, $15 million ### 4. employee_works_success **Claim:** Since the launch of Employee Works, there have been 6 new ACV deals above $1 million. **Evidence (transcript):** "As Bill mentioned, we've already closed 6 deals above $1 million in net new ACV." **Numbers:** $1 million, 6 ### 5. ai_control_tower_momentum **Claim:** AI control tower also continues to build momentum, with average deal sizes more than doubling quarter-over-quarter in Q1. **Evidence (transcript):** "AI control tower also continues to build momentum, with average deal sizes more than doubling quarter-over-quarter in Q1." **Numbers:** — --- *Data source: FMP (live query, 2026-05-04), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*