Zscaler第四财季业绩和FY2027指引均高于预期，ARR同比增长25%

Zscaler ( ZS ) released its fourth-quarter fiscal 2027 earnings report post-market on Thursday, which featured a 25% year-over-year increase to annual recurring revenue. "We delivered a strong fourth quarter, with revenue and ARR both growing 25% year over year, net new ARR growing 24%, and non-GAAP operating margin reaching a record 24%," said Zscaler CFO Kevin Rubin. "Our continued innovation across Zero Trust SASE, Agentic SecOps, Data Security, and Security for AI is driving increased platform adoption and creating new avenues for growth, as reflected in our strong Q4 results," added Zscaler CEO and founder Jay Chaudry. "As AI becomes foundational to how organizations operate, we are well positioned to extend our leadership as the cybersecurity platform for the AI era." For the quarter ended July 31, the cloud security company reported an adjusted earnings per share of $1.19 versus the $1.09 consensus estimate. It reported a GAAP loss per share of $0.02 compared to the estimate expecting a loss per share of $0.06. Revenue for the fourth quarter increased 25% year over year to $898.2M, which was more than the $877.6M consensus. Annual recurring revenue also increased 25% to $3.77B, of which $246M was net new ARR. For the quarter in progress, Zscaler guided for revenue ranging from $935M to $939M, which is more than the $926.8M estimate. It expects to reach an adjusted gross margin of 80% with EPS ranging from $1.15 to $1.16. For the entirety of fiscal 2027, Zscaler forecasts an adjusted EPS ranging from $4.86 to $4.90, which easily clears the $4.58 estimate. It expects revenue to range from $3.9B to $3.93B, which is more than the $3.89B consensus.