Zscaler Inc Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
17.9%projected annual EPS growth
Analyst Coverage
44analysts covering
FY EPS (est.)
$4.13next fiscal year
Reporting Calendar
| Event | Expected Date |
|---|---|
| Q1 Fiscal 2027 Earnings Release | 24 Nov 2026 |
Monitoring Framework
Key Performance Indicators
Annual Recurring Revenue (ARR) Quarterly3.5BTarget: $3.740 billion to $3.749 billion by end of FY2026
Customers with >$1 Million ARR Quarterly748Target: Continued double-digit year-over-year expansion
Customers with >$100,000 ARR Quarterly4KTarget: Sustained enterprise market penetration
Non-GAAP Operating Margin Quarterly23.0%Target: Sustain low-to-mid 20% range through operational leverage
Watch Items
- Sales Leadership TransitionsTrigger: Prolonged vacancy or slow ramp of replacement sales leaders following late Q3 FY2026 departuresAction: Re-evaluate near-term ARR growth projections and adjust sales productivity assumptions in the valuation model.
- Revenue Growth DecelerationTrigger: Quarterly revenue growth falling below 18% year-over-year in early FY2027Action: Review competitive positioning against Palo Alto Networks and CrowdStrike; adjust exit multiple assumptions downward.
- Free Cash Flow Margin CompressionTrigger: Full-year FCF margin dropping below the guided 22.8% to 23.3% range due to elevated CapExAction: Assess capital expenditure efficiency and hardware inflation impacts on long-term cash generation capacity.
Research as of 2 Sep 2026