Zscaler

Q4 FY2026 EarningsQ4 FY26 results beat consensus across all key profitability and top-line metrics, with revenue of $898.2M vs. $877.6M expected (+2.3% variance) and Non-GAAP EPS of $1.19 vs. $1.09 expected. While top-line growth remained robust at 25% YoY, Free Cash Flow (FCF) was the primary outlier, significantly exceeding consensus with $60.8M vs. ~$51.2M expected despite a heavy $218.5M capex cycle. Management provided FY27 revenue guidance of ~$3.92B, aligning with market expectations but signaling a deliberate deceleration to 17% growth.