Zscaler(US:ZS) Ge Long Hui·2025-11-26 09:19Core Insights - Zscaler reported better-than-expected Q1 results for fiscal year 2026, with a non-GAAP EPS of $0.96, exceeding market expectations by $0.10 [1] - Revenue reached $788.1 million, a 26% year-over-year increase, surpassing expectations by $14.3 million [1] - Annual recurring revenue (ARR) hit $3.204 billion, also reflecting a 26% year-over-year growth, indicating strong execution in the zero-trust security market and expansion of AI security products [1] Financial Performance - Revenue growth accelerated from 21% in the previous quarter to 26% [1] - New ARR was $189 million, a decrease from $198 million in the previous quarter, which may exert pressure on after-hours stock prices despite solid fundamentals [1] - Zscaler projects full-year revenue between $3.282 billion and $3.31 billion [1] Stock Market Reaction - Zscaler's stock fell over 7% in pre-market trading following the earnings report [1] - The closing price on November 25 was $289.73, with a pre-market price of $268.64 on November 26 [2] - The stock experienced a trading volume of 3.3195 million shares, with a market capitalization of approximately $46.204 billion [2]