ServiceNow stock slides nearly 6% premarket after strong 2026 outlook fails to calm deal jitters

ServiceNow shares dropped roughly 6% in after-hours trading Wednesday, retreating following the company’s quarterly report and release of its 2026 outlook. The stock ended the regular session down 1.6% at $129.62 and slipped further to $121.49 after hours, according to Google Finance.

ServiceNow on Wednesday forecasted annual subscription revenue surpassing Wall Street expectations following better-than-expected fourth-quarter results. The enterprise software company is pushing to reassure investors it can sustain growth despite heavy investments in AI and acquisitions. The board also approved an extra $5 billion for share buybacks, with a $2 billion accelerated repurchase set to kick off soon—an approach that swiftly retires shares via a bank.

ServiceNow shares slipped 3.33% on Tuesday, closing at $131.80. The stock hit an intraday low of $130.86 as selling pressure increased toward the end of the day.

ServiceNow shares gained 2.4%, closing at $136.34 in after-hours trading Monday. During the session, the stock fluctuated between $133.18 and $136.61, with roughly 17.5 million shares traded.

ServiceNow shares gained about 3.4% on Friday, pushing against the broader cautious tone in U.S. markets ahead of earnings season. The stock closed up 4.32 points at $132.88, having fluctuated between $128.29 and $132.91 during the session.

Shares of ServiceNow Inc dropped 2.94% on Friday, closing at $127.31 and extending their losing streak to four sessions. The enterprise software maker’s stock underperformed Salesforce, whereas Oracle and Synopsys saw gains. Trading volume surged well above its recent average.