Zscaler Inc. (ZS) delivered mixed results in Q3 FY2026 on revenue of $850.5M versus the $835.1M estimate (+25.4% YoY) and EPS of $1.08. The next Zscaler Inc. (ZS) earnings date is Sep 2, 2026. Below is the full Zscaler Inc. earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Zscaler Inc. (ZS) Earnings Analysis — key stats
Next earnings date
Sep 2, 2026
Latest reported quarter
Q3 FY2026
Earnings verdict
Mixed
EPS beat rate
8 of last 8 (quarters above estimate)
Avg next-day move
±10.9% (over the last 8 reports)
Post-earnings direction
Up 2 / Down 6 (of the last 8 reports)
Implied move (next report)
±10.7% (options-derived · into Sep 2, 2026)
Institutional ownership
37.4% (13F as of 2026-06-30)
Top 10 holders
24.0% (of shares outstanding)
Insider activity
0 buys / 12 sells (recent Form 4 filings)
Revenue
$850.5M (vs $835.1M est · +1.8% surprise · +25.4% YoY)
EPS
$1.08 (vs $1.01 est · +6.9% surprise · +238.3% YoY)
Share price
$183.60 (-2.4%)
Market cap
$29.7B
Zscaler Inc. (ZS) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q4 FY2026
$850.5M vs $835.1M est
$1.08 vs $1.01 est
+6.9%
-30.7%
Mixed
Q3 FY2026
$815.8M vs $798.3M est
$1.01 vs $0.89 est
+13.0%
-5.6%
Beat
Q2 FY2026
$788.1M vs $773.3M est
$0.96 vs $0.86 est
+12.1%
-10.1%
Mixed
Q1 FY2026
$719.2M vs $706.9M est
$0.89 vs $0.80 est
+11.2%
-2.3%
Mixed
Q4 FY2025
$678.0M vs $666.5M est
$0.84 vs $0.75 est
+11.7%
+8.7%
Mixed
Q3 FY2025
$647.9M vs $634.4M est
$0.78 vs $0.69 est
+13.5%
+4.3%
Beat
Q2 FY2025
$628.0M vs $605.5M est
$0.77 vs $0.63 est
+22.2%
-3.8%
Beat
Q1 FY2025
$592.9M vs $567.5M est
$0.88 vs $0.70 est
+25.0%
-21.4%
Beat
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
6.2%
9.9M
$1.4B
+15.4%
Undisclosed filer
3.9%
6.2M
$874.7M
+4.5%
Vanguard Capital Management LLC
2.9%
4.7M
$666.4M
+1.3%
First Trust Advisors LP
2.2%
3.5M
$498.1M
+0.3%
Goldman Sachs Group INC
2.0%
3.2M
$446.3M
+8.1%
State Street Corp
1.6%
2.5M
$352.0M
+4.6%
Susquehanna International Group, Llp
1.5%
2.5M
$350.2M
+61.7%
Pictet Asset Management Holding Sa
1.3%
2.1M
$296.9M
+9.6%
Geode Capital Management, LLC
1.3%
2.1M
$294.3M
+0.2%
Jane Street Group, LLC
1.2%
1.9M
$266.7M
+56.7%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
RUBIN KEVIN
officer: Chief Financial Officer
2026-07-27
Sell
72
$10422
RUBIN KEVIN
officer: Chief Financial Officer
2026-07-27
Sell
75
$10928
RUBIN KEVIN
officer: Chief Financial Officer
2026-07-27
Sell
96
$14088
RUBIN KEVIN
officer: Chief Financial Officer
2026-07-27
Sell
118
$17433
RUBIN KEVIN
officer: Chief Financial Officer
2026-07-27
Sell
142
$21131
Schlossman Robert
officer: Chief Legal Officer
2026-07-06
Sell
122
$18300
RUBIN KEVIN
officer: Chief Financial Officer
2026-06-25
Sell
504
$62082
RUBIN KEVIN
officer: Chief Financial Officer
2026-06-25
Sell
2K
$210421
What you'll find
Next Zscaler Inc. (ZS) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Zscaler Inc. reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Zscaler Inc. (ZS)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Zscaler Inc.'s next earnings date?
Zscaler Inc.'s (ZS) next scheduled earnings date is Sep 2, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Zscaler Inc. (ZS) beat or miss earnings?
In Q3 FY2026, Zscaler Inc. (ZS) posted mixed results — revenue of $850.5M versus the $835.1M estimate (+1.8% surprise) and EPS of $1.08 versus $1.01 expected (+6.9% surprise). Magnisto decodes every Zscaler Inc. (ZS) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Zscaler Inc. beat earnings estimates?
Over its last 8 reported quarters, Zscaler Inc. (ZS) beat Wall Street EPS estimates 8 times, most recently a mixed result in Q4 FY2026. Magnisto tracks every Zscaler Inc. (ZS) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Zscaler Inc. stock move after earnings?
Over its last 8 quarterly reports, Zscaler Inc. (ZS) moved an average of ±10.9% the day after earnings — ranging from -30.7% (Q4 FY2026) to +8.7% (Q4 FY2025). The stock rose after 2 of those 8 reports and fell after 6. Heading into its next report on Sep 2, 2026, options-implied volatility is pricing in a move of roughly ±10.7% (derived). Magnisto tracks the realized post-earnings move for every Zscaler Inc. (ZS) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Zscaler Inc.?
Institutions hold about 37.4% of Zscaler Inc.'s (ZS) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (6.2%), Undisclosed filer (3.9%), Vanguard Capital Management LLC (2.9%). Magnisto lists Zscaler Inc.'s (ZS) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Zscaler Inc. (ZS)?
In the most recent Form 4 filings Magnisto tracks, Zscaler Inc. (ZS) insiders recorded 0 purchases and 12 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Zscaler Inc. (ZS) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Zscaler Inc. (ZS), anchored to the current $183.60 share price, so you can weigh the bull, base and bear cases for Zscaler Inc. side by side.
Is Zscaler Inc. (ZS) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Zscaler Inc. fits your own thesis and risk profile. This is research, not investment advice.