### @NOW — Confirmed — from the Q1 2026 earnings call and quarterly filing
Five areas - the first: total revenue $3.77B, up 22% YoY, subscription $3.67B, also up 22% (19% cc), above the high end of guidance. The second: non‑GAAP operating margin 32%, a half‑point above guidance. The third: free‑cash‑flow margin 44%. The fourth: backlog $27.7B, up 23.5% cc, current RPO $12.64B, up 21%. The fifth: GAAP net income rose about 2% as the tax provision jumped to $204M from $95M a year earlier. We grant the gap. There you have it.
- tier: Confirmed (✓)
- source: NOW / The quarter, and the backlog behind it
- receipt: https://ticker.thevixguy.com/p/p-day-20260806-now-src-now-q1-2026-quarter-rotation
- posted: 2026-08-06T03:03:38.166Z