Skip to navigationSkip to main contentSkip to right columnVandita JadejaThu, July 2, 2026 at 7:01 PM GMT+2 3 min readQuick ReadNOW grew revenue 21% with Now Assist ACV more than doubling, while ADBE matched on beats but faces CEO succession and a CFO exit.Adobe's forward P/E of 8x versus ServiceNow's 24x makes it a contrarian value play, backed by $2.1 billion in quarterly buybacks.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Adobe didn't make the cut. Grab the names FREE today.ServiceNow (NYSE:NOW) and Adobe (NASDAQ:ADBE) have both posted fresh results, with sharply different profiles. ServiceNow's January 28, 2026 Q4 report showcased an enterprise AI workflow engine still compounding at 20%+. Adobe's June 11, 2026 Q2 earnings report delivered record revenue, a raised outlook, and a leadership shake-up all at once.24/7 Wall St.NOW Price Scenario — 24/7 Wall St.Agentic AI Lifts NOW. Creative AI Steadies Adobe.ServiceNow booked $3.57 billion in Q4 revenue, up 20.7% year over year, with cRPO climbing 25% to $12.85 billion. That backlog matters more than the top line: it tells you customers are pre-committing to Now Assist, whose net new ACV more than doubled.CEO Bill McDermott framed the strategy bluntly, calling ServiceNow "the AI control tower for business reinvention". The 244 deals above $1 million in net new ACV back that up.NOW Earnings Quotes — 24/7 Wall St.Adobe's quarter looked steadier and more mature. Revenue reached $6.62 billion, up 13%, and non-GAAP EPS of $5.96 extended a five-quarter beat streak.AI-first ARR crossed $500 million after tripling year over year. Semrush, freshly folded in, added roughly $480 million in ARR. Shantanu Narayen leaned into the mission language: "Empower Everyone to Create."Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Adobe didn't make the cut. Grab the names FREE today.ADBE Earnings Quotes — 24/7 Wall St.Workflow Platform vs. Creator FranchiseLensServiceNowAdobeCore BetAgentic AI for enterprise IT, HR, securityCreative and marketing AI plus SemrushFY26 Revenue GuideSubs $15.53B to $15.57BTotal $26.50B to $26.60BNon-GAAP Op Margin~32%~45%Key VulnerabilityHosting mix shift, integration of Armis and VezaCEO succession, CFO departure June 15, 2026ServiceNow is knitting Anthropic, OpenAI, Microsoft Agent 365, Figma, and NVIDIA into a single agentic layer while pending deals for Armis and Veza push it deeper into security.Adobe is defending a creator franchise while grafting on marketing analytics. Higher margin, slower growth, more executive turnover.The Next Test Is Whether Guidance SticksServiceNow shares are down 18.38% since the Q4 filing and off 30.94% year to date, closing at $105.80. Analyst consensus target sits at $141.48, well above the current print.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info