Monitor upcoming Q1 FY2027 earnings report for actual results vs reaffirmed guidance; the Investor Day narrative around AI-driven growth and $10B ARR target may provide longer-term context but offers no near-term catalyst. The stock's historical negative drift on bullish calls suggests caution on any positive read-through.
Price Chart
Executive Summary
Zscaler reaffirmed its Q1 and full-year FY2027 guidance at its Investor Day, with Q1 revenue guidance of $935-939M (~19% YoY growth) and non-GAAP EPS of $1.15-$1.16. The reported Q2 2026 EPS of $1.19 beat consensus of $1.16 by 2.5%, but the lack of guidance revision and the company's focus on long-term AI-driven growth targets (including a $10B ARR goal) provide no immediate catalyst. The stock's prior negative drift on bullish calls and the absence of a raised guidance cap the impact.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $1.19 beat consensus of $1.16 by 2.5%
- Q1 FY2027 revenue guidance reaffirmed at $935-939M (~19% YoY growth)
- Full-year FY2027 revenue guidance reaffirmed at $3.908-3.938B (16.6-17.5% growth)
- Full-year FY2027 non-GAAP EPS guidance reaffirmed at $4.86-$4.90
- Company reiterated $10B ARR long-term target at Investor Day
- Non-GAAP gross margin guidance maintained at ~80% for Q1 and full year
- Free cash flow margin guidance of 23.0-23.5% for FY2027
Financial Impact
No change to previously issued guidance; EPS beat of $0.03 (2.5%) vs consensus is modest
Risk Factors
- Reaffirmed guidance with no upward revision may disappoint growth investors expecting acceleration
- Macroeconomic headwinds and competitive pressure in cybersecurity could weigh on execution
- Historical negative drift on bullish calls for this ticker suggests market skepticism
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3375261 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Institutional Cluster | $255.25 | awaiting T+60 | — | $260.45 (+2.04%) |
Oct 21, 2026 5d ago | ANALYST-UPGRADE | $231.33 | awaiting T+60 | — | $260.45 (+12.59%) |
Oct 9, 2026 17d ago | 144 | $225.78 | awaiting T+60 | — | $260.45 (+15.36%) |
Oct 6, 2026 20d ago | 8-K | $212.25 | awaiting T+60 | — | $260.45 (+22.71%) |
Oct 6, 2026 20d ago | Press Release | $212.25 | awaiting T+60 | — | $260.45 (+22.71%) |
Sep 28, 2026 28d ago | Insider Cluster | $198.36 | awaiting T+60 | — | $260.45 (−31.30%) |
Sep 25, 2026 4w ago | 144 | $199.39 | awaiting T+60 | — | $260.45 (+30.62%) |
Sep 23, 2026 4w ago | Press Release | $214.64 | awaiting T+60 | — | $260.45 (+21.34%) |
Sep 21, 2026 5w ago | Insider Cluster | $210.18 | awaiting T+60 | — | $260.45 (−23.92%) |
Sep 17, 2026 5w ago | Insider Cluster | $197.31 | awaiting T+60 | — | $260.45 (−32.00%) |
US Market Status
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