Zscaler (ZS) Company Report

Zscaler, Inc. announced new AI security innovations to empower enterprises to secure the fast-growing use of AI, addressing the rising risk of cyberattacks and data loss because traditional security models were not designed for AI.
The new Zscaler AI Security Suite aims to eliminate the trade-off between AI innovation and risk by providing the necessary visibility, control, and governance to securely build, deploy, and govern AI at enterprise scale.
Zscaler's innovations provide a comprehensive inventory and dependency map of AI footprint, correlating asset discovery, access relationships, data lineage, runtime behavior, and security posture.
The suite addresses three core enterprise AI security challenges: AI Asset Management, Secure Access to AI, and Secure AI Infrastructure and Apps.
Zscaler supports customers in aligning their security programs with frameworks like the NIST AI Risk Management Framework and the EU AI Act, and offers deep ecosystem integrations with partners including OpenAI, Anthropic, AWS, Microsoft, and Google.

8 days ago

Press Release

Zscaler Stockholders Approve Annual Director Elections and Other Proposals

Board Change

Executive Compensation

Proxy Vote Outcomes

Zscaler held its annual meeting on January 12, 2026, where stockholders addressed several key proposals for the FY 2026 period.
Andrew Brown, Scott Darling, and David Schneider were elected as Class 2 directors.
Stockholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending July 31, 2026.
The compensation of named executive officers was approved on an advisory basis, and stockholders expressed a preference for a one-year frequency for future advisory votes on executive compensation.
A significant stockholder proposal to elect all directors annually was approved, leading to the declassification of the board, despite the board's recommendation against it.

Jan 12, 2026, 9:00 PM

Transcript

Zscaler's Annual Meeting Results for FY 2026

Proxy Vote Outcomes

Board Change

Executive Compensation

Zscaler held its annual meeting on January 12, 2026, where stockholders voted on several key proposals.
Andrew Brown, Scott Darling, and David Schneider were elected as Class 2 directors.
Stockholders ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending July 31, 2026, and approved the compensation of named executive officers, also expressing a preference for annual advisory votes on executive compensation.
A significant outcome was the approval of a stockholder proposal to elect all directors annually (declassify the board), despite the board's recommendation against it.

Jan 12, 2026, 9:00 PM

Transcript

Zscaler Discusses Strong Q1 Performance and Long-Term Growth Pillars

Guidance Update

Revenue Acceleration/Inflection

M&A

Zscaler reported a strong Q1 with 26% ARR growth, including 22% organic growth, and achieved a 52% free cash flow margin. The Red Canary acquisition contributed to ARR and performed better than expected in Q1, with an expectation to deliver $95 million throughout fiscal 2026.
The company's three growth pillars—Zero Trust Everywhere, Data Security Everywhere, and AI Security—are performing well. Zero Trust Everywhere achieved over 450 customers in Q1, exceeding the fiscal 2026 target of 390. Data Security and AI Security exceeded $450 million and $400 million in ARR, respectively, at the end of Q1.
CFO Kevin Rubin emphasized Zscaler's commitment to balancing high growth with significant profitability, noting the company has been a Rule of 50-plus company since its 2018 IPO.
CEO Jay Chaudhry has expressed aspirations for Zscaler to reach $5 billion and potentially $10 billion in ARR.

Dec 11, 2025, 5:50 PM

Transcript

Zscaler CFO Discusses Strong Q1 Performance and Growth Pillars at Barclays Conference

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Zscaler reported a strong Q1, achieving 26% ARR growth and 22% organic growth, which exceeded internal expectations and led to raised full-year guidance.
The company's three growth pillars are performing robustly, with Data Security Everywhere exceeding $450 million in ARR and AI Security exceeding $400 million in ARR by the end of Q1.
The Zero Trust Everywhere initiative reached over 450 customers in Q1, three quarters ahead of its fiscal 2026 target, and typically results in a 2-3X increase in ARR for adopting customers.
Zscaler plans to host an investor day later this year to provide an updated long-term financial model and strategy, reflecting its consistent "Rule of 50-plus" performance.

Dec 11, 2025, 5:50 PM

Transcript

Zscaler Reports Strong Q1 Performance and Strategic Growth in Key Pillars

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Zscaler reported a strong Q1 with 26% ARR growth, including 22% organic growth that surpassed internal expectations, and achieved a 52% free cash flow margin.
The Red Canary acquisition, projected to contribute $95 million in ARR throughout fiscal 2026, performed better than expected in Q1.
The company's strategic growth pillars—Zero Trust Everywhere, Data Security, and AI Security—collectively exceed $1 billion in ARR, with Data Security at over $450 million and AI Security at over $400 million by the end of Q1.
Zero Trust Everywhere is a significant driver, with customers transitioning to it experiencing a 2- to 3X increase in ARR, and Zscaler already exceeding its fiscal 2026 target for ZTE customers by achieving over 450 in Q1.
Zscaler plans an investor day later this year to update its long-term financial model, with CEO Jay Chaudhry targeting ARR beyond $5 billion and $10 billion.

Dec 11, 2025, 5:50 PM

Transcript

Zscaler Named AWS Marketplace Partner of the Year, Exceeds $1 Billion in Sales

New Projects/Investments

Revenue Acceleration/Inflection

Zscaler, Inc. was recognized as the AWS Marketplace Partner of the Year (NAMER) at AWS re:Invent 2025.
This award follows Zscaler's achievement of surpassing $1 billion in AWS Marketplace sales.
The company's success is attributed to its co-selling, co-innovating, and joint customer success efforts through AWS Marketplace, focusing on secure cloud infrastructure adoption, generative AI workloads, and Zero Trust access.
Zscaler's Zero Trust Exchange platform, supported by its distributed architecture across over 160 global data centers, combats billions of cyber threats daily.

Dec 9, 2025, 2:15 PM

Press Release

Zscaler Discusses Growth, AI Security, and Strategic Initiatives at UBS Conference

Product Launch

Revenue Acceleration/Inflection

M&A

Zscaler reported 26% total ARR growth, with the Red Canary acquisition contributing $83 million in recognized revenue.
The company is experiencing strong adoption of its Zero Trust Everywhere strategy, now with 450 customers across three platforms, and anticipates significant growth from Zero Trust Branch and Zero Trust Cloud.
Zscaler's AI security and data security offerings are expanding, with data security alone generating $450 million in ARR.
Management expressed confidence in the core business and reported improved sales productivity in Q1, following a transitional year.
The Zflex contract initiative is driving five-year deals and contributing to RPO growth, while the M&A strategy remains focused on small, token acquisitions to build an integrated platform.

Dec 2, 2025, 5:15 PM

Transcript

Zscaler Discusses Organic Growth, Zero Trust Everywhere, and AI Security Strategy

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Zscaler reported strong organic business, with the Red Canary acquisition contributing $83 million in revenue, and expects continued strength in its core offerings.
The company is seeing robust adoption of its Zero Trust Everywhere strategy, with 450 customers utilizing multiple platforms, and is expanding significantly into AI security, processing over half a trillion transactions a day to enhance SecOps and secure AI applications.
Zscaler's data security platform has achieved $450 million ARR, integrating comprehensive DLP and posture management solutions, and its core business remains strong with 70% of current business coming from upsells, often through five-year Zflex commitments.
The company's M&A strategy focuses on "token acquisitions" that are small, early-stage, and synergistic, aiming to integrate them into its unified platform.

Dec 2, 2025, 5:15 PM

Transcript

Zscaler Discusses Organic Growth, AI Security, and Go-to-Market Strategy at UBS Conference

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Zscaler's CEO clarified that the Red Canary acquisition contributed $83 million in recognized revenue, emphasizing the continued strength of the company's organic business.
The company is experiencing strong momentum in its Zero Trust Everywhere initiative, with 450 customers adopting solutions across three platforms, and anticipates significant growth from Zero Trust Branch and Cloud offerings.
Zscaler's AI security business, which includes agentic operations and security for AI applications, has surpassed $400 million in ARR and is built upon processing over half a trillion transactions daily.
Data security represents a substantial growth opportunity for Zscaler, with $450 million in ARR in this segment, driven by a comprehensive platform that integrates DSPM and inline DLP.
Following a transitional year, Zscaler reported improved sales productivity in Q1, with upsell now accounting for 70% of business and new five-year Zflex contracts positively impacting RPO.

Dec 2, 2025, 5:15 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Zscaler.

Q1 2026

Nov 25, 2025

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Q4 2025

Sep 2, 2025

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Q3 2025

May 29, 2025

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View All Transcripts

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Zscaler (ZS)

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