$ZS | Zscaler, Inc. — Resultados Q3 FY'26 Destaques 🔹 Receita: $850.48M ( 25% YoY) (Est. $835.6M) 🟢 🔹 EPS ajustado: $1.08 ( 35% YoY) (Est. $1.01) 🟢 🔹 Margem bruta não-GAAP: 81% ( 1 ponto percentual YoY) 🟢 🔹 Margem operacional não-GAAP: 23% (vs 22% no Q3 FY25) 🟢 🔹 ARR: $3.525B ( 25% YoY) (Est. ~$3.5B) 🟢 Regiões 🔹 Estados Unidos: $452.6M, 53% da receita ( 32% YoY) 🔹 Europa, Médio Oriente e África (EMEA): $236.4M, 28% da receita ( 16% YoY) 🔹 Ásia-Pacífico: $132.1M, 16% da receita ( 23% YoY) 🔹 Outras regiões: $29.4M, 3% da receita ( 19% YoY) Métricas-chave 🔹 FCF trimestral: $135.95M (margem FCF: 16%) 🔹 FCF acumulado 9 meses: $718.38M (margem FCF: 29%) 🔹 Receita diferida total: $2.48B ( 0.4% vs Q2 FY26) 🔹 Obrigações de desempenho remanescentes (RPO): $6.46B, 46% a reconhecer nos próximos 12 meses 🔹 Fluxo de caixa operacional trimestral: $198M (-6% YoY) 🔹 CapEx trimestral: $62.1M, vs $91.6M no período anterior Despesas operacionais non-GAAP (ajustadas) 🔹 Custo de receita ajustado: $163.8M (vs $133.9M no Q3 FY25) 🔹 Vendas e marketing ajustado: $295.5M (vs $250.2M no Q3 FY25) 🔹 Investigação e desenvolvimento ajustado: $143.5M (vs $106.0M no Q3 FY25) 🔹 G&A ajustado: $51.8M (vs $41.2M no Q3 FY25) Eventos relevantes do trimestre 🔹 Aquisição de SquareX (fevereiro 2026): $112.8M em numerário, expande capacidades de segurança de browser. Goodwill de $93M gerado. 🔹 Aquisição de SPLXAI (outubro 2025): $40.6M, reforça capacidades de segurança de IA. 🔹 Evento subsequente: Acordo para adquirir Symmetry Systems por $175M (previsto fechar no Q4 FY26), especializada em mapeamento de dados e identidade para segurança de IA. Perspetivas 🔹 Guidance Q3 FY26 fornecido em Q2: Receita $834M a $836M (Est. $831.4M) 🟢 superado com $850.48M. 🔹 Perspetivas FY26 inteiras (guidance de Q2): Receita $3.309B a $3.322B ( 24% YoY), ARR $3.73B a $3.745B ( 24% YoY), EPS ajustado $3.99 a $4.02. 🔹 Nota: O guidance específico para Q4 FY26 e a atualização do FY26 pós-Q3 serão divulgados na conference call de hoje à noite e não constam ainda de fontes públicas confirmadas. Administração 🔸 A plataforma Zero Trust da Zscaler está arquitetada de forma única para proteger a velocidade e escala sem precedentes dos fluxos de trabalho de IA e agentes autónomos, posicionando a empresa como a plataforma de cibersegurança para a era da IA. 🔸 A empresa acelerou investimentos em aquisições estratégicas de IA (Red Canary, SPLXAI, SquareX, Symmetry Systems), reforçando operações de segurança com IA e segurança de browser em dispositivos não geridos.

SplxAI raised €6.5 million to scale their security platform specifically for AI chatbots and AI agents. Every enterprise deploying AI agents needs a way to test, monitor, and remediate them, and that category did not exist 18 months ago. New AI categories are spinning up faster than enterprise procurement teams can evaluate them.

SplxAI is now on HackDB. SplxAI automates AI security testing and red teaming, detecting prompt injection and data leakage. See it on HackDB: hackdb.com/item/splxai #HackDB #CyberSecurity #AISecurity #RedTeaming @SplxAI

Zscaler $ZS 2026年度Q2決算を発表‼️ ARRガイダンスを24%成長へ引き上げ✨ 株価は時間外で-5.6%下落📉 🔸FY26 Q2業績 ⭕️EPS: 1.01ドル(予想0.90ドル) ⭕️売上高: 8.16億ドル(予想7.99億ドル) 📈売上高成長率: 26% Y/Y 🔸FY26 Q3ガイダンス ⭕️EPS: 1.00〜1.01ドル(予想0.95ドル) ⭕️売上高: 8.34〜8.36億ドル(予想8.32億ドル) 📈売上高成長率: 23% Y/Y 🔸FY26 通期ガイダンス（引き上げ） ⭕️EPS: 3.99〜4.02ドル(予想3.82ドル) ⭕️売上高: 33.09〜33.22億ドル(予想33億ドル) 📈売上高成長率: 24% Y/Y 📈ARR: 37.30〜37.45億ドル( 24% Y/Y) 🔸ARRと顧客基盤(Q2) 📈ARR: 33.59億ドル( 25% Y/Y) 📈ネットニューARR: 1.56億ドル( 19% Y/Y) 📈$100K以上ARR顧客: 3,886社( 18% Y/Y) 📈$1M以上ARR顧客: 728社( 18% Y/Y) ✔️Q2として過去最高の$1M超え新規ACV件数を記録 ✔️アメリカ地域は前年比で$1M超え案件を2倍に拡大 🔸財務ハイライト(Q2) 📈営業キャッシュフロー: 2.04億ドル( 14% Y/Y) 📈フリーキャッシュフロー: 1.69億ドル( 18% Y/Y、マージン21%) ✔️現金・現金同等物・短期投資: 35.13億ドル ✔️RPO(残存履行義務): 61億ドル( 31% Y/Y) ✔️繰延収益: 23.55億ドル( 25% Y/Y) ✔️上半期(1H26)のRule of 40指標: 売上成長26%＋FCFマージン36%＝Rule of 62を達成 🔸主要M&A・ビジネスハイライト ✔️SquareX買収完了(2月5日): ChromeやEdgeなど標準ブラウザにセキュリティ拡張を組み込み、BYOD・非管理デバイスのゼロトラストブラウザセキュリティを強化 ✔️Red Canary・SPLXAI買収: 合計6.92億ドル ✔️Microsoft Entra Agent IDエコシステムの早期採用パートナーに選定、AIエージェントのゼロトラスト管理を統合 ✔️AWS Marketplace Partner of the Year受賞(2025 AWSパートナーアワード) ✔️マレーシア・クアラルンプールに新データセンターを開設、東南アジア需要に対応 🔸CEOコメント（Jay Chaudhry氏） 「ZscalerはAI時代のサイバーセキュリティプラットフォームです。インライン型のゼロトラストプラットフォームはAIおよびエージェントワークフローを独自の構造で保護します。」 「AI Security、Zero Trust Everywhere、Data Securityの3つの成長柱全体で堅調な需要が続いており、長期的な成長への耐久性の高い道筋があります。」 🔸CFOコメント（Kevin Rubin氏） 「ARRは25%成長（Red Canary除きで21%）、Non-GAAP営業利益率は過去最高水準の22%超を記録。上半期はRule of 62を達成し、Rule of 40のベンチマークを大幅に上回りました。」 🔸会社概要 Zscaler（NASDAQ: ZS）はゼロトラストセキュリティのグローバルリーダーです。 160以上のデータセンターに分散展開するZero Trust Exchange™プラットフォームとAIを組み合わせ、毎日数千億件のサイバー脅威に対処。 Fortune 500企業の45%超に信頼され、現在4,400社のエンタープライズ顧客を持ちながら、世界2万社超の大企業市場への大きな成長余地を有しています。

The Operational Strategy Focus Securing #AI requires moving beyond code vulnerabilities to evaluate model behavior and alignment failures. Join our virtual launch event with Head of Offensive Security at @Uber, to discover how they utilize the @SplxAI platform to benchmark models and operationalize red-teaming findings across the enterprise → bit.ly/4rJNo0V

Stiže godina oporavka što se tiče VC investicija! 📈 💸 Najveće investicije 2025. bile su: @SplxAI, Wasp,@AskLebesgue, Hypefy, Arkensight, Compass AI Pregled 2025. i buduće planove za 2026. pronađite u nastavku: bit.ly/4jExmlt #investicije #vcfondovi

$ZS Zscalerの予想を上回る利益との請求額未達：成長性と評価の再考 ・Zscaler は 2025年Q3 決算で売上・EPSともに予想超えの「好決算」だったにもかかわらず、発表後に株価が約10.9%下落し、評価と成長性を巡る議論を呼んだ。 ・請求額（Billings）が市場予想を下回る $597M（前年比 15.5%）だったことが、成長鈍化懸念を引き起こし、下落の主因となった。 ・売上は前年比 25.5%の $788M、EPSは予想超過、通期ガイダンスも引き上げられており、業績自体は堅調だった。 ・同社の AI Security 事業は前年比 80%と急成長し、Red Canary や SPLXAI の買収によって企業の AI ライフサイクルを一元的に守るプラットフォームを構築できている。 ・AI Security の ARR は年内に $500M を突破見通しで、当初計画より3四半期早い進捗となっている。 ・Zscaler のフォワード P/S は 16.6倍と同業平均（15.6倍）より高く、割高との見方もあるが、DCF では本源的価値は約 $286 で「妥当水準」と評価されている。 ・市場は割高懸念と成長持続性に疑問を持ち売りに走ったが、実際には強い財務とAI分野での優位性があり、構造的成長余地は大きい。 ・足元の急落（1ヶ月で約▲15%）により、バリュエーションは過去平均に近づき、逆張り投資家には中長期の買い場となり得る。 ・リスク要因は PANW など大手との競争やマクロ環境の不透明さだが、ZS の26%成長・AIセキュリティの加速・強固なゼロトラスト基盤は同業他社を上回る可能性がある。 ・総合的に、今回の下落は「短期ノイズ」であり、Zscaler は AI時代のサイバーセキュリティで長期的な勝者になりうるとの評価で、割安局面との見方がある。 ainvest.com/news/zscaler-ear…

$ZS is a conviction buy right now. Here’s why: 1. Financial Fortress: Zscaler is defying the "growth at all costs" slowdown. They just posted 26% ARR growth while printing cash with a 52% Free Cash Flow margin. That puts them at a "Rule of 78"—nearly double the industry gold standard. 2. The AI Supercycle: CEO Jay Chaudhry isn’t just talking AI; he’s monetizing it. Their AI security segment grew 80% YoY, smashing targets. With the acquisitions of Red Canary and SplxAI, they are cornering the market on securing AI workloads before competitors catch up. 3. Strategic Moat: They are the gatekeepers of Zero Trust. As legacy firewalls die, Zscaler is the only viable replacement for the modern enterprise. The Verdict: The recent dip is a gift. You’re getting a category king with improving margins and a massive AI tailwind. Ignore the noise; follow the execution. 🚀 #Zscaler #CyberSecurity #Investing #Stocks #AI

$ZS Q1 FY26 Earnings: Revenue & EPS Beat, ARR 26%, AI Security Momentum Accelerates 🚀🔐🤖 Zscaler ($ZS) delivered another strong quarter with beats on revenue, GAAP EPS, and non-GAAP EPS, driven by sustained demand for Zero Trust and AI-powered security. ARR and deferred revenue surged, free cash flow exceeded 50% of revenue, and management reiterated confidence with strong FY26 guidance. Results vs. Estimates ✅ Non-GAAP EPS: $0.96 vs $0.85 est — Beat ⚠️ GAAP EPS: $(0.07) vs $(0.11) est — Beat (smaller loss) ✅ Revenue: $788.1M vs $770M est — Beat, 26% YoY 📈 ARR: $3.2B ( 26% YoY) 📦 Deferred Revenue: $2.35B ( 32% YoY) 💰 Non-GAAP Net Income: $159.5M (up from $124.3M) 📉 GAAP Net Loss: $(11.6M) (improved YoY) 💼 Operating Cash Flow: $448.3M (57% of revenue) 💵 Free Cash Flow: $413.3M (52% of revenue) Highlights 🌟 • Strong demand across Zero Trust AI Security platforms • Acquisition of SPLXAI expanding AI threat detection capabilities • Acquired Red Canary to strengthen detection & response footprint • Surpassed $1B in AWS Marketplace sales; holds 6 AWS competencies, including AI Security • Key platform innovation: new ZDX features for full-stack visibility and IT productivity • FedRAMP Moderate data centers launched in London and Paris, supporting U.S. federal missions abroad • ThreatLabz research flagged sharp rise in mobile & IoT threats, validating Zscaler’s AI-driven architecture Forward Guidance 🔭 (Q2 & FY26) Q2 FY26 • Revenue: $797M–$799M • Non-GAAP EPS: $0.89–$0.90 • Non-GAAP Op. Income: $172M–$174M Full-Year FY26 • Revenue: $3.28B–$3.30B • ARR: $3.70B–$3.72B • Non-GAAP EPS: $3.78–$3.82 • Non-GAAP Op. Income: $732M–$740M Guidance underscores strong visibility and sustained enterprise security modernization. Challenges ⚠️ • Macro/geopolitical uncertainty may affect IT spending cycles • Competitive intensity across Zero Trust & AI Security markets • Integration risks from SPLXAI Red Canary acquisitions • Elevated stock-based compensation: $193.8M this quarter • Scaling global operations and FedRAMP deployments increases execution risk Notable Announcements 📢 • Acquired SPLXAI and Red Canary for a combined $692M • Adopted long-term non-GAAP tax rate of 21% under new legislation • Published major ThreatLabz intelligence on new cyberattack vectors • Reinforced leadership message: Zero Trust is the “linchpin for AI Security” Tone 💬 Highly confident and innovation-forward. Leadership emphasized accelerating adoption of AI-driven security, strong recurring revenue momentum, and continued enterprise trust in the Zscaler platform. While acknowledging execution and macro risks, management’s outlook remains bullish on long-term growth. #Earnings #Cybersecurity #ZeroTrust #AI #CloudSecurity #Investing #ZS

.@zscaler has acquired @SplxAI, strengthening its #zerotrust platform. The goal: secure #AI innovation from development to deployment and protect emerging AI ecosystems. 🤖🔒 Learn more 👉 cyberscoop.pulse.ly/yiybqvv4… #ClientsInTheNews

@zscaler adquiere la empresa de #seguridad en #IA @SplxAI🤝 con el objetivo de fortalecer la plataforma Zscaler #ZeroTrust Exchange con capacidades de detección de activos de IA “shift-left”, red teaming automatizado y gobernanza, protegiendo los activos🤖 eu1.hubs.ly/H0pBTmK0

Secure your AI investments with confidence! Join our experts for an upcoming webinar to learn how Zscaler’s latest acquisition of innovator @SplxAI expands our platform for Secure #AI, enabling orgs to safely deploy AI systems and stay competitive in a fast-changing market → bit.ly/3K2jGTU Learn how to: ⏱️ Enforce runtime guardrails 🔍 Identify AI assets and assess risks ⚙️ Automate AI red teaming and remediation ✅ Govern AI systems and ensure compliance

AI startup SplxAI just got scooped in a bold move that shakes up the AI security game. From red-teaming LLMs to VC wins—this is THE deal to watch. ➡️ ow.ly/mmxP50XpO7s #AIsecurity #TechNews #StartupExit

Zscaler acquires AI security startup SplxAI, LAUNCHub Ventures secures an exit trendingtopics.eu/zscaler-ac…

Cloud security company Zscaler announced Monday it has acquired SplxAI, an artificial intelligence security platform, in a move to strengthen its ability to protect enterprise AI assets. scoopmedia.co/3LLQ8ua

Cloud security company Zscaler announced Monday it has acquired SplxAI, an artificial intelligence security platform, in a move to strengthen its ability to protect enterprise AI assets. scoopmedia.co/4nKFRfp

Cloud security company Zscaler announced Monday it has acquired SplxAI, an artificial intelligence security platform, in a move to strengthen its ability to protect enterprise AI assets. scoopmedia.co/4op9tzZ

Cloud security company Zscaler announced Monday it has acquired SplxAI, an artificial intelligence security platform, in a move to strengthen its ability to protect enterprise AI assets. scoopmedia.co/47ItKJI

@Zscaler Buys AI Security Outfit @SplxAI - datamation.com/shared/securi… via @Datamation