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Zscaler 8-K Report, Financial Results (Feb 26, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed February 26, 2026
Period End
February 26, 2026
Security
ZS
In the record · 2018–202610-K910-Q258-K62

ZS filed 9 annual reports (10-K), 25 quarterly reports (10-Q) and 62 current reports (8-K) between 2018 and 2026.

  1. Leadership change8-K · Oct ’18Oct ’18
  2. Leadership change8-K · Sep ’20Sep ’20
  3. Restructuring8-K · Mar ’23Mar ’23
  4. Material agreement8-K · Jul ’25Jul ’25

01—Abstract

Summary

Summary of the 8-K filed February 26, 2026. Cited figures are marked; the original filing is the authoritative source.

Zscaler, Inc. (Nasdaq: ZS) reported second-quarter fiscal 2026 results for the quarter ended January 31, 2026, in a press release furnished as Exhibit 99.1 to this Form 8-K.

Revenue grew 26% year-over-year to $815.8 milliona, and Annual Recurring Revenue (ARR) grew 25% to $3,359 million. The company stated that ARR grew 21% excluding the contribution from the Red Canary acquisition. GAAP net loss was $34.3 million, or $0.21 per diluted share, compared with a net loss of $7.7 million, or $0.05 per share, a year earlier.

Non-GAAP net income per share was $1.01b, compared with $0.78 in the prior-year quarter, and non-GAAP operating margin was 22%. Management raised full-year fiscal 2026 guidance. ARR is now expected at $3.730 billion to $3.745 billion (growth of 24%), up from $3.698 billion to $3.718 billion.

Revenue guidance is approximately $3.309 billion to $3.322 billionc, up from $3.282 billion to $3.301 billion. Non-GAAP income from operations is now $742 million to $748 million, and non-GAAP net income per share is $3.99 to $4.02, up from $3.78 to $3.82. For the third quarter, the company guided to revenue of $834 million to $836 million and non-GAAP net income per share of approximately $1.00 to $1.01.

The company also adopted a long-term projected non-GAAP tax rate of 21%, down from 23%, effective August 1, 2025. During the first quarter of fiscal 2026, Zscaler closed the acquisitions of Red Canary and SPLX for an aggregate purchase price of $692.0 milliond.

Cash, cash equivalents and short-term investments totaled $3,512.8 million at January 31, 2026, a decrease of $59.7 million from July 31, 2025. Operating cash flow for the quarter was $204.1 million and free cash flow was $169.1 million.

02—Key points

Key Highlights

  1. Revenue of $815.8 million, up 26% year-over-year; ARR of $3,359 million, up 25%.
  2. ARR growth was 21% excluding Red Canary, which contributed $114.0 million of ARR; net new ARR grew 7% excluding Red Canary ARR.
  3. GAAP net loss of $34.3 million ($0.21 per share) versus $7.7 million ($0.05 per share) a year earlier; non-GAAP net income per share of $1.01 versus $0.78.
  4. Full-year fiscal 2026 guidance raised: ARR to $3.730–$3.745 billion, revenue to approximately $3.309–$3.322 billion, and non-GAAP net income per share to $3.99–$4.02.
  5. Third-quarter fiscal 2026 guidance: revenue of $834–$836 million and non-GAAP income from operations of $187–$189 million.
  6. Operating cash flow of $204.1 million and free cash flow of $169.1 million in the quarter; deferred revenue of $2,355.4 million, up 25%.
  7. Acquisitions of Red Canary, SPLX and SquareX; Red Canary and SPLX closed in the first quarter for an aggregate $692.0 million purchase price.

03—Questions

Frequently Asked Questions

  1. How did Zscaler perform in the second quarter of fiscal 2026?

    Revenue rose 26% year-over-year to $815.8 million, and ARR rose 25% to $3,359 million. GAAP loss from operations was $51.8 million, while non-GAAP income from operations was $181.0 million, or 22% of revenue. GAAP net loss was $34.3 million, and non-GAAP net income was $168.7 million.

  2. What changed in the full-year fiscal 2026 outlook?

    Guidance was raised across the main metrics. ARR is now $3.730–$3.745 billion (previously $3.698–$3.718 billion), revenue is approximately $3.309–$3.322 billion (previously $3.282–$3.301 billion), non-GAAP income from operations is $742–$748 million (previously $732–$740 million), and non-GAAP net income per share is $3.99–$4.02 (previously $3.78–$3.82).

  3. How much of the ARR growth came from acquisitions?

    Red Canary contributed $114.0 million of the $155.5 million in net new ARR during the quarter. Excluding Red Canary, ARR grew 21% to $3,245 million, and net new ARR grew 7%.

  4. Did the change in the non-GAAP tax rate affect reported non-GAAP results?

    Yes. Effective August 1, 2025, Zscaler adopted a long-term projected non-GAAP tax rate of 21%, down from 23%, applied prospectively and aligned with the One Big Beautiful Bill Act. The non-GAAP effective tax rate for the quarter was 21%, compared with 23% in the prior-year quarter.

  5. What is the company's cash position after the recent acquisitions?

    Cash, cash equivalents and short-term investments were $3,512.8 million at January 31, 2026, a decrease of $59.7 million from July 31, 2025. The company closed the Red Canary and SPLX acquisitions in the first quarter for an aggregate $692.0 million purchase price.

04—Continue

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