Zscaler Q4 Revenue Up 25% to $898M; Guides Q1 Above Consensus, Cuts 3% of Workforce
ZS sits 71% above its 52-week low of $114.625 on elevated volume (2.0× avg).
Summary
Zscaler reported Q4 revenue of $898.2M, up 25% YoY, and guided Q1 FY2027 revenue to $935M-$939M, above consensus. The company also announced a 3% workforce reduction with $30M-$33M in charges to fund AI initiatives.
Key Events · Earnings and Guidance · ZS
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Q4 Revenue Beats, Up 25%
Q4 FY2026 revenue was $898.2M, up 25% YoY, with ARR of $3.771B, also up 25%.
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Q1 Guidance Above Consensus
Q1 FY2027 revenue guidance of $935M-$939M exceeds the consensus estimate of approximately $930M.
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Record Non-GAAP Operating Margin
Non-GAAP operating margin reached a record 24% in Q4, up from 22% a year earlier.
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3% Workforce Reduction
Zscaler will cut about 3% of its workforce, incurring $30M-$33M in charges, to reallocate resources to AI and growth initiatives.
Analysis · ZS · Technology
Zscaler delivered a strong Q4 with revenue up 25% to $898.2M and record non-GAAP operating margin of 24%. The company guided Q1 FY2027 revenue to $935M-$939M, above the consensus estimate of roughly $930M, and full-year revenue to $3.908B-$3.938B. At the same time, Zscaler announced a restructuring that will cut about 3% of its workforce and incur $30M-$33M in charges, reallocating resources toward AI and growth initiatives. The combination of better-than-expected guidance and a cost-reduction program is likely to move the stock.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 35.6% of the 1216 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ZS was trading at $195.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $28.8B. The 52-week trading range was $114.63 to $336.99. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.