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Earnings Callsⓘ
Q3 2026April 22, 2026
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Overall Conclusion This quarter's results exceeded expectations, primarily driven by the surge in demand for the GenAI platform Now Assist, accelerated large-deal growth, and platform expansion.
Key Data Subscription revenue $2.715B, +22.5% YoY; cRPO $9.36B, +23.5% YoY; 96 net new ACV deals over $1M, 15 over $5M.
Business Progress Now Assist has 44 customers over $1M, Xanadu launched 350+ AI innovations, RaptorDB and Workflow Data Fabric introduced, which can accelerate transactions 12x, partnerships with NVIDIA and Databricks, strong federal business, financial and TMT verticals growing over 100%.
Guidance and Outlook Full-year subscription revenue guidance raised to $10.655B-$10.66B (+23% YoY), Q4 cRPO growth 21.5%, operating margin 29%.
Risk/Highlight Signals Management tone was extremely positive, emphasizing AI platform leadership, execution strength, and strategic hiring, with no negative signals mentioned.