NOW · PEAD ↑ 27

ServiceNow reported Q2 2026 EPS of $0.31 on 2026-07-22, missing the $0.40 consensus by $0.09 (–22.5%).

Print-day reaction was –6.5% versus the prior close, a sharp sell-off on the EPS miss. The overnight gap to the T+1 open recovered +4.8%, signalling a meaningful after-hours reversal rather than continued pressure. Over the following two trading sessions the stock drifted a further +14.8%, decisively reversing the initial print-day drop. Cumulative abnormal return of +4.7% versus SPY.US puts this in PEAD long territory; per the documented drift pattern, the read extends through 2026-10-19.