TradingKey – On October 28 ET, ServiceNow (NOW) reported its third-quarter financial results, after which its stock plunged nearly 18% in after-hours trading. As of press time, ServiceNow dropped 18.79% in overnight trading to $121.92.

[Source: TradingView]

Although the company raised its full-year subscription revenue guidance and increased its 2026 AI product annual contract value target to $17 billion, an expected slowdown in fourth-quarter current remaining performance obligations (cRPO) growth, combined with adjusted earnings per share missing market expectations, has prompted the market to reevaluate the company’s growth prospects.