Earnings summaries and quarterly performance for Zscaler.
Research analysts who have asked questions during Zscaler earnings calls.
Brad Zelnick
Credit Suisse
7 questions for ZS
Also covers: ADBE, CFLT, CHKP +20 more
Saket Kalia
Barclays Capital
7 questions for ZS
Also covers: ADBE, ADSK, ALRM +24 more
Brian Essex
JPMorgan Chase & Co.
6 questions for ZS
Also covers: CHKP, CLBT, CRWD +16 more
Roger Boyd
UBS
6 questions for ZS
Also covers: AKAM, CHKP, CRWD +10 more
Shrenik Kothari
Robert W. Baird & Co.
6 questions for ZS
Also covers: CHKP, ESTC, FROG +11 more
Fatima Boolani
Citi
5 questions for ZS
Also covers: AKAM, AVPT, CHKP +16 more
Gray Powell
BTIG
5 questions for ZS
Also covers: ATEN, DDOG, FTNT +9 more
Joseph Gallo
Jefferies & Company Inc.
5 questions for ZS
Also covers: AVPT, CHKP, CRWD +11 more
Matthew Hedberg
RBC Capital Markets
5 questions for ZS
Also covers: ADSK, ALTR, BASE +28 more
Mike Cikos
Needham & Company, LLC
5 questions for ZS
Also covers: AKAM, BASE, CFLT +19 more
Joshua Tilton
Wolfe Research
4 questions for ZS
Also covers: ADSK, ALTR, BSY +17 more
Tal Liani
Bank of America
4 questions for ZS
Also covers: ANET, CHKP, CIEN +11 more
Andrew Nowinski
Wells Fargo
3 questions for ZS
Also covers: CHKP, CRWD, CYBR +14 more
Eric Heath
KeyBanc Capital Markets
3 questions for ZS
Also covers: CFLT, CRWD, CVLT +9 more
Ittai Kidron
Oppenheimer & Company
3 questions for ZS
Also covers: BASE, BLZE, CFLT +13 more
Meta Marshall
Morgan Stanley
3 questions for ZS
Also covers: ANET, AXON, BAND +30 more
Adam Borg
Stifel Financial Corp.
2 questions for ZS
Also covers: ADSK, CRWD, CYBR +7 more
Andrew DeGasperi
BNP Paribas
2 questions for ZS
Also covers: DDOG, IOT, OS +3 more
Jonathan Ruykhaver
Cantor Fitzgerald
2 questions for ZS
Also covers: CRWD, FROG, GTLB +5 more
Patrick Colville
Scotiabank
2 questions for ZS
Also covers: AKAM, CHKP, CRWD +16 more
Gabriela Borges
Goldman Sachs
1 question for ZS
Also covers: AVPT, BIGC, BRZE +20 more
Gregg Moskowitz
Mizuho
1 question for ZS
Also covers: CFLT, CHKP, CRWD +13 more
Hamza Fodderwala
Morgan Stanley
1 question for ZS
Also covers: CHKP, CRWD, CYBR +10 more
Joel Fishbein
Truist Securities
1 question for ZS
Also covers: CHKP, CRWD, ESTC +10 more
Keith Bachman
BMO Capital Markets
1 question for ZS
Also covers: ACN, ADBE, CHKP +16 more
Michael Cikos
Needham & Company
1 question for ZS
Also covers: AI, BASE, BLZE +20 more
Michael Richards
RBC Capital Markets
1 question for ZS
Also covers: ADSK, EVCM, FFIV +9 more
Peter Weed
Bernstein
1 question for ZS
Also covers: CFLT, GTLB, NOW +4 more
Robbie Owens
Piper Sandler
1 question for ZS
Also covers: BJ, CHKP, CYBR +12 more
Shaul Eyal
TD Cowen
1 question for ZS
Also covers: ALLT, CGNT, CHKP +14 more
Todd Weller
Stephens
1 question for ZS
Also covers: SAIL
Recent press releases and 8-K filings for ZS.
Zscaler Discusses Strong Q1 Performance and Long-Term Growth Pillars
ZS
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.
1 day ago
Zscaler CFO Discusses Strong Q1 Performance and Growth Pillars at Barclays Conference
ZS
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.
1 day ago
Zscaler Reports Strong Q1 Performance and Strategic Growth in Key Pillars
ZS
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.
1 day ago
Zscaler Named AWS Marketplace Partner of the Year, Exceeds $1 Billion in Sales
ZS
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.
3 days ago
Zscaler Discusses Growth, AI Security, and Strategic Initiatives at UBS Conference
ZS
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
Zscaler Discusses Organic Growth, Zero Trust Everywhere, and AI Security Strategy
ZS
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
Zscaler Discusses Organic Growth, AI Security, and Go-to-Market Strategy at UBS Conference
ZS
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
Zscaler Reports Strong Q1 Fiscal Year 2026 Results and Provides FY 2026 Outlook
ZS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Zscaler reported a strong start to its fiscal year, with Q1 2026 revenue of $788 million and annual recurring revenue (ARR) of $3.2 billion, both reflecting 26% year-over-year growth. The company also achieved a free cash flow margin of 52%.
- The company's three growth pillars—AI Security, Zero Trust Everywhere, and Data Security Everywhere—demonstrated accelerated growth. AI Security ARR grew over 80% year-over-year and is projected to exceed $500 million by the end of fiscal year 2026, ahead of its initial target.
- For fiscal year 2026, Zscaler provided guidance for ARR in the range of $3.698 billion-$3.718 billion and revenue between $3.282 billion-$3.301 billion, representing year-over-year growth of approximately 22.7%-23.5%.
- Ashwin Kesireddy transitioned from VP of Investor Relations to Product Manager of AI Security, and Kim Watkins will join Zscaler in early December to lead Investor Relations and Strategic Finance.
Nov 25, 2025, 9:30 PM
Zscaler Reports Strong Q1 Fiscal Year 2026 Results with Accelerated ARR Growth
ZS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Zscaler reported strong Q1 fiscal year 2026 results, with annual recurring revenue (ARR) reaching $3.2 billion, a 26% year-over-year increase, and revenue at $788 million, also up 26% year-over-year. The company achieved a Rule of 78 by combining its 52% free cash flow margin with its 26% revenue growth.
- The AI Security pillar demonstrated significant growth, accelerating over 80% year-over-year and already exceeding the fiscal year 2026 target of $400 million in ARR, three quarters ahead of schedule. AI Security ARR is expected to surpass $500 million by the end of fiscal year 2026.
- For Q2 fiscal year 2026, Zscaler expects revenue between $797 million and $799 million and earnings per share (EPS) in the range of $0.89 to $0.90. For the full fiscal year 2026, the company projects ARR between $3.698 billion and $3.718 billion and revenue between $3.282 billion and $3.301 billion.
- All three growth pillars—AI Security, Zero Trust Everywhere, and Data Security Everywhere—saw accelerated ARR growth in the quarter, contributing to the strong top-line performance.
Nov 25, 2025, 9:30 PM
Zscaler Reports Strong Q1 2026 Results and Provides Fiscal Year 2026 Guidance
ZS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Zscaler reported a strong Q1 2026, with annual recurring revenue (ARR) growing 26% year-over-year to over $3.2 billion and revenue reaching $788 million, also up 26% year-over-year. The company achieved a free cash flow margin of 52%.
- The AI Security pillar demonstrated significant growth, accelerating over 80% year-over-year and surpassing its FY26 target of $400 million ARR three quarters early, with expectations to exceed half a billion dollars by the end of fiscal year 2026.
- Zscaler achieved its Zero Trust Everywhere goal of securing 390 enterprises three quarters ahead of schedule, now serving over 450 enterprises.
- For fiscal year 2026, Zscaler provided guidance for ARR in the range of $3.698 billion to $3.718 billion and revenue between $3.282 billion and $3.301 billion.
Nov 25, 2025, 9:30 PM
Quarterly earnings call transcripts for Zscaler.
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