Q1 earnings

ServiceNow exceeded Q1 estimates despite Middle East headwinds affecting subscription revenue. The company reported strong overall revenue growth and raised its full-year subscription revenue forecast for 2026. Significant investments in AI are showing momentum, with the AI product portfolio on track to surpass its $1 billion target. ServiceNow also ramped up share repurchases and expanded its partnership with Google Cloud, alongside completing the $7.75 billion acquisition of cybersecurity firm Armis.

Xiaomi’s Lu Weibing, following Q1 earnings, discussed future challenges. He emphasized the risks associated with losing touch with core values as the company expands and the need for a scalable management system. External competition wasn’t highlighted; instead, Weibing advocated internal focus, referencing a proverb about self-improvement. Xiaomi’s automotive success further validates its strategy and product strength.