Morning Brief · October 29th 2026

ServiceNow falls as much as 19% after a soft fourth-quarter forecast

ServiceNow forecast fourth-quarter revenue of $4.25 billion to $4.26 billion on Wednesday, below the roughly $4.36 billion analysts expected, and its shares fell about 14% and further on Thursday morning, with reports putting the drop at 18% to 19%. Third-quarter revenue of $4.11 billion beat estimates; adjusted earnings of $1.00 a share missed by two cents.

The company raised its 2026 target for AI annual contract value to $1.7 billion from $1.5 billion and expanded its OpenAI partnership the same day. Investors weighed that against the thought that could shrink the number of software seats a company buys, and sold. SourcesB B

Sources

BServiceNow falls after quarterly sales outlook revives AI fears (Bloomberg)bloomberg.com
BServiceNow shares sink on earnings miss, weak Q4 revenue outlook (Investing.com)investing.com

This story ran in the Morning Brief of October 29th 2026.

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