ServiceNow reported strong Q2 results with revenue up 22.5% to $3.22 billion and adjusted EPS up 30.7% to $4.09, beating analyst expectations. Despite a stock struggle this year, it remains one of the best-performing stocks of the past decade, up nearly 1,200%. Subscription revenue grew 22.5% to $3.11 billion.

AI adoption continues to be a key driver for ServiceNow’s growth, with Now Assist suite exceeding expectations. The company signed 21 deals with five or more Now Assist products. It introduced AI Control Tower for managing AI agents, seeing $350 million value this year. Revenue forecast for Q3 is strong.

ServiceNow’s platform connects departments for unified data, making it ideal for AI adoption. The company’s structured workflows support AI integration, with generative AI assistants and AI agents embedded. Revenue growth accelerated in Q2, with a positive outlook for subscription revenue growth and customer acquisitions.

The company’s stock has underperformed in 2025 despite strong results, with a forward price-to-sales multiple of 13. ServiceNow is well positioned for AI success, with opportunities for future growth. Investors may consider accumulating a position in the stock, especially on a dip. ServiceNow is a potential AI winner.

Read more at Yahoo Finance: As AI Momentum Grows, Should Investors Buy ServiceNow Stock?