Cybersecurity
Zscaler
Business, financial evidence and documented connections to the AI buildout.
Business and AI exposure
Zscaler provides subscription security services for enterprise users, data and AI agents. Security-for-AI products and customer upsells offer a direct commercial route, while partners expand the platform’s distribution and integration.
Earnings and disclosures
Latest verified results: FY2026 · Released 2026-09-03
Next results: No next results date listed in the official event listings checked 2026-10-18.
The current official calendar lists no upcoming earnings event.
Checked 2026-10-18 · Financial context and sources ↓
Financial context
For fiscal 2026, Zscaler reported $3.353 billion of revenue, $3.771 billion of ARR and $779.1 million of free cash flow. These company totals are not AI-only measures. Q4 capital spending was $218.5 million.
Delivery and commitments
Security-for-AI bookings increased more than 50% sequentially. A cited upsell brought one customer’s total ARR to nearly $10 million; that is not $10 million of incremental AI ARR. Agent and endpoint offerings remained in early access, with broader scale expected in the second half of fiscal 2027.
Costs, funding and dependencies
Customer adoption, integration and renewal determine recurring growth. Planned restructuring involved about 3% of the workforce and $30–33 million of charges. Investment and restructuring costs are not separately attributable to AI subscriptions.
What to watch next
Follow paid upsells, early-access conversion and retention. The October investor-day outlook reaffirmed total fiscal 2027 revenue and ARR guidance; it was neither an AI-only forecast nor a newly raised target.
Documented project connections
Each connection below has a specific, cited role. A supplier, lender, customer or proposed acquirer has different economics from the project owner.
No named tracked-project role has been established by the evidence used for this profile. This does not mean the company has no AI exposure.
Evidence boundaries
Company totals, segment sales, bookings, backlog, spending, capacity and usage describe different things. They do not establish project-level revenue, earnings or an exact AI-only revenue share unless the cited disclosure explicitly says so.
This is a dated research snapshot. Forecasts are attributed expectations, and undisclosed amounts remain unknown. Source review does not certify every project or future outcome.