Zscaler · Q3 FY2026 · May 27, 2026
Zscaler (ZS) Q3 FY2026 Earnings: Results, Stock Reaction & Outlook
A structured quarterly research file based on the earnings release and cited primary documents. Consensus, transcript, Q&A, and price-reaction fields are shown only when verified data are available.
Official Earnings ReleaseSnowballHare AnalysisStandard Research Page
Reported result
Reported result
Reported result
Reported result
Investment read
Revenue: $850.5M, about +30% Y/Y Non-GAAP operating margin: 23% The next research checkpoint is about 22% growth; this is the near-term reset investors will trade against.
Results check
Reported results
Investor focus
What investors are likely to focus on
Potential result drivers
- Revenue: $850.5M, about +30% Y/Y
- Non-GAAP operating margin: 23%
- Q4 revenue guide: $875M-$878M
- FY revenue guide: $3.3295B-$3.3325B
Verified after-hours, next-day, and benchmark-relative price data are not stored in this record. The factors above are research considerations, not a measured attribution of the stock move.
Next quarter
What to watch next
| Indicator | Current baseline | Next check | Source |
|---|---|---|---|
| Revenue | $850.5M | Growth remains strong, but the next debate is deceleration and billings quality. | Primary source |
| Non-GAAP operating margin | 23% | Shows whether security growth is still efficient enough for a premium multiple. | Primary source |
| Q4 revenue guide | $875M | About 22% growth; this is the near-term reset investors will trade against. | Primary source |
| FY revenue guide | $3.3295B | Needs support from ARR, large customers, and platform consolidation. | Primary source |
Primary documents
Sources and documents
FAQ
Reader questions
What did Zscaler report for Revenue?
Revenue: $850.5M, about +30% Y/Y
What did Zscaler report for Non-GAAP operating margin?
Non-GAAP operating margin: 23%
What did Zscaler report for Q4 revenue guide?
Q4 revenue guide: $875M-$878M