Zscaler sees 2026 revenue $3.27B to $3.28B, estimate $3.2B

Zscaler sees 2026 revenue $3.27B to $3.28B, estimate $3.2B

Zscaler (NASDAQ: ZS) is set to release its fourth-quarter (Q4) earnings report on September 2, 2025. The company is expected to report earnings per share (EPS) of $0.80, representing a 9.1% decline compared to the same period last year [1]. Revenue is forecasted to be $707.14 million, indicating a 19.3% increase year-over-year [1].

Analysts attribute the expected revenue growth to the increasing demand for cloud security solutions. However, the anticipated decline in EPS is attributed to higher operating expenses [1]. Zscaler's management is expected to provide insights into these factors during its upcoming earnings call.

Zscaler's stock has been volatile in recent months, with a 7.7% decline over the past month [3]. Despite this, the company's Zacks Rank remains at #3 (Hold), indicating a neutral outlook. The stock is trading with a Forward P/E ratio of 75.08, which is a premium compared to its industry average of 62.63 [3].

Zscaler's participation in several investor conferences in September 2025 underscores its strategic visibility and growth potential. The company aims to solidify its market position by addressing hybrid work and IoT security challenges [4].

Looking ahead, Zscaler anticipates its revenue to reach $3.27 billion to $3.28 billion in 2026, with an estimate of $3.2 billion [2]. This growth is driven by the company's expansion into AI-driven security and SecOps, as well as its Zero Trust Everywhere and Data Security Everywhere initiatives [2].

Key areas to watch when Zscaler reports include its Zero Trust Everywhere expansion, data security ARR, Z-Flex purchasing program, and Agentic AI in SecOps [2]. The company's ability to integrate the Red Canary acquisition and its performance in large deals will also be closely monitored.

References:
[1] https://247wallst.com/investing/2025/09/02/live-will-zscaler-surge-after-earnings/
[2] https://www.ainvest.com/news/zscaler-anticipates-19-3-revenue-growth-9-1-eps-decline-2508/
[3] https://www.ainvest.com/news/zscaler-q4-earnings-preview-revenue-expected-rise-19-3-707-14-million-eps-decline-9-1-0-80-2508/
[4] https://www.ainvest.com/news/zscaler-strategic-visibility-upcoming-investor-conferences-blueprint-cloud-security-leadership-2508/