Post-earnings recap
Reported
Wed, Jul 22, 2026
EPS actual
$0.90
EPS est.
$0.40
EPS surprise
+126.70%
1-day move
-6.47%
ServiceNow, Inc. is a leading provider of cloud-based software that helps organizations manage their digital workflows. Operating in the Information Technology sector, the company plays a crucial role in the growing demand for automation and efficiency in business processes.
Last quarter
In Q1 2026, ServiceNow reported an EPS of $0.97, significantly exceeding expectations by 77.66%. Despite the strong earnings surprise, the stock saw a modest increase of 2.93% the following day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+107.56%
Avg 1-day reaction
-0.75%
Overall, investors are cautiously optimistic about ServiceNow's upcoming earnings, especially given the company's history of beating EPS estimates.
Bull case
If ServiceNow continues its trend of strong earnings surprises, it could lead to increased investor confidence and a significant stock price rally.
Bear case
On the other hand, if the company fails to meet expectations or shows signs of slowing growth, it could lead to a sharp decline in stock price.
The print will turn on these.
Q1
What will the EPS be this quarter, and how does it compare to previous quarters?
Given the company's strong track record of beating EPS estimates, this will be a key focus for investors.
Q2
What is the customer retention rate and any updates on new customer acquisitions?
This metric will provide insight into the company's growth potential and customer satisfaction levels.
—
Est. EPS
$4.19
Est. Rev
$1.2B
Impl. Move
±16.2%
Why consensus could be wrong
The Street may be underestimating ServiceNow's ability to sustain its growth trajectory, especially given its recent strong EPS surprises.
Supporting evidence
ServiceNow has consistently beaten EPS estimates, indicating strong operational performance.
The options market is pricing in a high volatility move, suggesting that investors expect significant developments.
The company's focus on innovation and customer engagement may lead to better-than-expected results.
Key risk
If customer retention rates show a decline, it could challenge the current growth narrative.
Pre-commit to what would confirm each case.
The market is debating whether ServiceNow can maintain its strong growth trajectory amidst increasing competition.
Bull confirmed if
An EPS of $1.00 or higher would confirm the bullish case, indicating strong profitability.
Bear confirmed if
An EPS below $0.80 would confirm the bearish case, suggesting potential issues with growth.
What the market is pricing for the move.
Implied Move
±23.58%
Historical Avg
±3.0%
The options market is pricing in a significant potential move, suggesting that investors expect volatility around the earnings report.
Options are pricing ±23.6% while NOW has averaged ±3.0% over the last 8 prints — setup is pricing rich.
ATM IV
0.6%
30d HV
85.9%
Cross-company pattern from 30 similar setups.
Prior-quarter beat + options rich in Information Technology
Fade rate: 4 of 9 (44%)
This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).
Smart-money positioning from the most recent 13F filings.
Institutional
84.71%
of float
Insider
0.17%
of float
Holders
3,108
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
96,057,763 sh · $13.2B
9.29%
-1.5%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If ServiceNow beats expectations, history suggests a potential stock increase of around 2.74%, confirming the company's strong performance.
In line / cautious
If results are in line with expectations, the stock may see little movement as investors await further guidance.
Miss
If the company misses expectations, history suggests a potential decline of around 0.51%, raising concerns about future growth.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
1
0 buys·1 sell
Members
1
House only
Est. Notional
$1,001.00–$15,000.00
disclosed dollar ranges
Most Active Members
1 trade
The lines on the call that would change the story.
Vanguard Capital Management LLC
67,351,838 sh · $9.3B
6.51%
-0.9%
State Street Corporation
49,038,218 sh · $6.8B
4.74%
2.0%
Morgan Stanley
26,630,984 sh · $3.7B
2.58%
14.1%
Vanguard Portfolio Management LLC
25,184,743 sh · $3.5B
2.44%
0.1%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Net selling
Recent Transactions
Traded Apr 24, 2026 · disclosed May 19, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.