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Zscaler, Inc. ZS Q2 2026 earnings

Reported February 26, 2026 · After market close

Revenue$850.5MBeat by $52.1M
EPS-$0.09Miss by $0.98
Revenue estimate$798.3M
EPS estimate$0.89
“Zscaler is ideally positioned as the cybersecurity platform for the AI era. Our differentiated Zero Trust SASE architecture, which hides applications from attackers and eliminates lateral movement, has never been more essential in securing against threats exposed by frontier models and compromised AI agents, Our results demonstrate that our approach is resonating as we attract new customers and expand with our existing customers, and we see ample runway for long-term growth.”
Jay Chaudhry

Next report

Nov 24, 2026 (in a month)
Revenue estimate$937.7M
EPS estimate$1.16

Financials

Q2 2026

Income statement

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Revenue$815.8M+25.9%
Gross profit$624.5M+25.0%
Operating income-$51.8M-29.0%
Net income-$34.3M-344%
EPS (diluted)-$0.21-320%

Balance sheet

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Cash & equivalents$1.2B-31.6%
Total debt$1.8B+42.8%
Total equity$2.2B+36.6%
Total assets$6.8B+34.9%

Cash flow

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Operating cash flow$204.1M+13.7%
CapEx$17.8M+18.2%
Free cash flow$186.3M+13.3%

Valuation & ratios

Valuation

as of 01/31/26
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Market cap$31.9B+2.6%
Enterprise value$32.46B+6.2%
P/S10.6×-2.2×

Profitability

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Gross margin76.5%-1.2pp
Operating margin-4.9%+1.0pp
Net margin-2.3%-3.7pp
FCF margin31.5%-0.3pp

Returns & leverage

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Return on equity-3.6%-7.3pp
Debt / equity0.8×0.0×
Current ratio1.9×+0.7×

Segments

By geography

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Europe, Middle East and Africa$228.3M+18.4%
Asia Pacific$126.2M+22.7%
Other$29.0M+22.1%

By segment

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Reportable Segment$815.8M+25.9%

FAQ

When did Zscaler, Inc. report Q2 2026 earnings?
Zscaler, Inc. (ZS) reported Q2 2026 earnings on February 26, 2026 after market close.
What were Zscaler, Inc.'s Q2 2026 revenue and EPS?
Zscaler, Inc. reported revenue of $850.5M and eps of $-0.09 for Q2 2026.
Did Zscaler, Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $798.3M by $52.1M. EPS missed the consensus estimate of $0.89 by $0.98.
How did Zscaler, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 31.3% from $647.9M a year earlier.
Where can I find Zscaler, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001713683-26-000047) and the 10-Q periodic report (0001713683-26-000048) directly on SEC EDGAR. The filing index links above go to sec.gov.