ServiceNow Tops Q3, Announces Five‑for‑One Split

ServiceNow beat Q3 expectations with revenue of about $3.41 billion (up ~22%), adjusted EPS of $4.82, subscription revenue of roughly $3.30 billion and CRPO up ~21% to $11.35 billion, and raised full‑year subscription guidance. Management said accelerating adoption of AI‑powered workflow products — Now Assist, AI Control Tower and agentic workflows — and broad‑based demand across verticals drove results and improved operating margin through AI‑related efficiencies. The board approved a 5‑for‑1 stock split and shares rose about 4.5–4.7% in after‑hours trading to roughly $953–$955. Analysts turned bullish; Goldman Sachs raised its price target to $1,250 and expects ServiceNow could exceed $500 million in AI ACV by year‑end. The company's 10‑Q shows 553 customers with more than $5 million ACV and a 97% subscription mix, and recent strategic purchases (Logik.io, data.world) aim to strengthen CRM and AI capabilities. Management cautioned that government procurement timing could create quarterly variability despite expanding AI monetization.