ServiceNow Posts 24% Revenue Growth, Palantir Sees 92.8% YoY Surge

ServiceNow and Palantir reported Q2 FY26 results that reframed the enterprise AI debate. ServiceNow crossed $1B in AI ACV and pushed governance as the control layer for agents, while Palantir posted 92.8% revenue growth on surging sovereign AI demand. ServiceNow reported $3.99B in revenue, up 24% YoY, with subscription revenue of $3.877B. Palantir's U.S. commercial revenue exploded 149% YoY to $764M. The two companies have different bets on AI, with ServiceNow focusing on governance and Palantir on sovereign AI.