Back to today’s briefing

Story perspectives

ServiceNow Stock Drops 14% Despite Strong Revenue Growth

4/23/2026

35 2 Full Breakdown

Summary

Story summary

ServiceNow's stock fell 14% in after-hours trading due to delayed Middle East deals amid ongoing conflict.
The company posted 22% year-over-year revenue growth, raising its full-year subscription forecast to $15.735–$15.775 billion.
Bill McDermott, Chief Executive Officer of ServiceNow, said geopolitics mainly affects timing, not demand, while citing AI as a growth driver and setting a 2026 AI revenue target of at least $1.5 billion.

1 of 1

Story summary

ServiceNow's stock fell 14% in after-hours trading due to delayed Middle East deals amid ongoing conflict.
The company posted 22% year-over-year revenue growth, raising its full-year subscription forecast to $15.735–$15.775 billion.
Bill McDermott, Chief Executive Officer of ServiceNow, said geopolitics mainly affects timing, not demand, while citing AI as a growth driver and setting a 2026 AI revenue target of at least $1.5 billion.