Quarterly ResultJul 23, 2026, 06:07 AM
ServiceNow Q2 Revenue +24%; Net Income Down 23%; $8.8B Acquisitions
AI Summary
ServiceNow reported its Q2 2026 financial results, showing a 24% increase in total revenues to $3.987 billion, but a 23% decrease in net income to $298 million compared to the prior year. The company completed significant acquisitions in 2026, including Armis Security for $7.6 billion and Veza Technologies for $1.2 billion, which substantially impacted its balance sheet with a 175% rise in goodwill and a 264% increase in long-term debt. These strategic investments aim to expand ServiceNow's security workflow offerings and AI capabilities.
Key Highlights
- Acquired Armis Security for $7.6 billion cash in April 2026.
- Acquired Veza Technologies for $1.2 billion cash in March 2026.
- Q2 2026 total revenues increased 24% to $3.987 billion.
- Q2 2026 net income decreased 23% to $298 million.
- Total assets grew 21.6% to $31.666 billion by June 30, 2026.
- Goodwill increased 175% to $9.837 billion due to acquisitions.
- Long-term debt surged 264% to $5.435 billion.
- Net cash from operations was $2.257 billion for six months.
Price Impact
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