Zoom Communications (ZM) Hits New Record High After Q3 Blowout, Upbeat Outlook

Core Insights - Zoom Communications Inc. has achieved a new record high stock price following strong Q3 earnings and an optimistic growth outlook for the fiscal year [1][3] Financial Performance - The company reported a net income increase of 196% to $612.87 million from $207.05 million year-on-year [2] - Revenues grew by 4.2% to $1.23 billion compared to $1.18 billion in the same period last year, driven by a 6.1% increase in enterprise revenues and a 2% increase in online segment revenues [3] Future Outlook - For the full fiscal year 2026, Zoom expects revenues to be between $4.852 billion and $4.857 billion, with non-GAAP diluted EPS projected between $5.95 and $5.97 [4] - The company targets Q4 revenues of $1.23 billion to $1.235 billion, with non-GAAP diluted EPS expected to be between $1.48 and $1.49 [5] Strategic Vision - CEO Eric Yuan emphasized the company's commitment to building an AI-first platform aimed at enhancing connectivity and collaboration, which is contributing to revenue growth and profitability [4]