Adobe vs ServiceNow: The Better Buy Amid Rising AI Competition

Vandita Jadeja

Thu, July 2, 2026 astatine 12:01 PM CDT 3 min read

Quick Read

• NOW grew gross 21% with Now Assist ACV much than doubling, portion ADBE matched connected beats but faces CEO succession and a CFO exit.

• Adobe's guardant P/E of 8x versus ServiceNow's 24x makes it a contrarian worth play, backed by $2.1 cardinal successful quarterly buybacks.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Adobe didn't marque the cut. Grab the names FREE today.

ServiceNow (NYSE:NOW) and Adobe (NASDAQ:ADBE) person some posted caller results, with sharply antithetic profiles. ServiceNow's January 28, 2026 Q4 study showcased an endeavor AI workflow motor inactive compounding astatine 20%+. Adobe's June 11, 2026 Q2 net study delivered grounds revenue, a raised outlook, and a enactment shake-up each astatine once.

24/7 Wall St.

NOW Price Scenario — 24/7 Wall St.

Agentic AI Lifts NOW. Creative AI Steadies Adobe.

ServiceNow booked $3.57 cardinal successful Q4 revenue, up 20.7% twelvemonth implicit year, with cRPO climbing 25% to $12.85 billion. That backlog matters much than the apical line: it tells you customers are pre-committing to Now Assist, whose nett caller ACV much than doubled.

CEO Bill McDermott framed the strategy bluntly, calling ServiceNow "the AI power operation for concern reinvention". The 244 deals supra $1 cardinal successful nett caller ACV backmost that up.

NOW Earnings Quotes — 24/7 Wall St.

Adobe's 4th looked steadier and much mature. Revenue reached $6.62 billion, up 13%, and non-GAAP EPS of $5.96 extended a five-quarter bushed streak.

AI-first ARR crossed $500 cardinal aft tripling twelvemonth implicit year. Semrush, freshly folded in, added astir $480 cardinal successful ARR. Shantanu Narayen leaned into the ngo language: "Empower Everyone to Create."

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Adobe didn't marque the cut. Grab the names FREE today.

ADBE Earnings Quotes — 24/7 Wall St.

Workflow Platform vs. Creator Franchise

ServiceNow is knitting Anthropic, OpenAI, Microsoft Agent 365, Figma, and NVIDIA into a azygous agentic furniture portion pending deals for Armis and Veza propulsion it deeper into security.

Adobe is defending a creator franchise portion grafting connected selling analytics. Higher margin, slower growth, much enforcement turnover.

The Next Test Is Whether Guidance Sticks

ServiceNow shares are down 18.38% since the Q4 filing and disconnected 30.94% twelvemonth to date, closing astatine $105.80. Analyst statement people sits astatine $141.48, good supra the existent print.