NOW · ServiceNow, Inc.

Summary

ServiceNow entered a $4B term loan to fund Armis acquisition and reported Q1 2026 results beating guidance with 22% subscription revenue growth, raising full-year outlook.

Key takeaways

• Entered $4B unsecured term loan maturing Oct 16, 2026, to finance Armis Security Ltd. acquisition.
• Q1 2026 subscription revenues $3,671M, 22% YoY growth; total revenues $3,770M, 22% YoY.
• cRPO $12.64B (+22.5% YoY), RPO $27.7B (+25% YoY) as of March 31, 2026.
• Closed Armis acquisition April 20, 2026, expanding security capabilities.
• Q2 subscription revenues guidance $3,815-$3,820M (22.5% YoY); raised FY2026 outlook.
• Repurchased 20.1M shares in Q1, $4.2B remaining under program.