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ServiceNow reports Q3 results
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ServiceNow jumps on better-than-expected earnings

Here’s how the numbers look.

Cloud software giant ServiceNow leapt in the after-hours session Wednesday following better-than-expected earnings and the announcement of plans for a 5-for-1 stock split.

The company reported:

  • Revenue of $3.41 billion, higher than the $3.36 billion analyst consensus estimate published by FactSet.

  • Adjusted earnings per diluted share of $4.82 vs. the $4.26 analysts expected.

  • Subscription revenue of $3.30 billion vs. the $3.26 billion predicted.

  • Raised guidance for Q4 subscription revenues to between $3.42 billion and $3.43 billion, just higher than the $3.41 billion FactSet consensus.

The company also announced the authorization of a 5-for-1 stock split, subject to shareholder approval.

While there was a moment a couple months back when it looked like SaaS (software as a service) was about to be swept up in the AI-related upward market momentum, shares of companies like ServiceNow and Salesforce never really caught that market wave.

Salesforce remains down more than 20% in 2025, and ServiceNow was down more than 10% shortly before reporting earnings. Meanwhile, corporate AI and defense software company Palantir Technologies is up more than 150%.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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