ServiceNow Tops Estimates But Shares Fall

ServiceNow reported fourth-quarter results after the bell Wednesday, with adjusted EPS of $0.92 versus $0.88 expected and revenue of $3.57 billion versus $3.53 billion. The company announced $5 billion in share buybacks, forecasted Q1 subscription revenue of $3.65–3.66 billion and FY2026 subscription revenue of $15.53–15.57 billion, and said Moveworks will add about 100 basis points to subscription growth.