Zscaler, Inc. (Nasdaq: ZS) held its 2026 Investor Day in New York City on Oct. 6, 2026, during which the company reaffirmed financial guidance for the first quarter and full fiscal year 2027, originally provided on Sept. 3, 2026.

For the first quarter of fiscal 2027, Zscaler expects revenue of $935 million to $939 million, representing approximately 19% year-over-year growth. The company projects a non-GAAP gross margin of approximately 80%, non-GAAP income from operations of $215 million to $217 million, and non-GAAP net income per share of $1.15 to $1.16, assuming approximately 170 million fully diluted shares outstanding and a non-GAAP tax rate of 21%.

For the full fiscal year 2027, Zscaler expects annual recurring revenue (ARR) of $4.396 billion to $4.426 billion, reflecting growth of approximately 16.6% to 17.4%. Full-year revenue is projected at $3.908 billion to $3.938 billion, growth of 16.6% to 17.5%. The company also expects a non-GAAP gross margin of approximately 80%, non-GAAP income from operations of $924 million to $932 million, non-GAAP net income per share of $4.86 to $4.90 assuming approximately 173 million fully diluted shares outstanding, and a free cash flow margin of approximately 23.0% to 23.5%.

At the event, Zscaler executives including CEO Jay Chaudhry, CFO Kevin Rubin, Chief Product Officer Adam Geller, Chief Revenue Officer Ross Tackett, and EVP of AI & Data Security Dhawal Sharma discussed company strategy, platform developments, and long-term growth priorities.

Chaudhry stated, "Our Zero Trust platform was purpose-built to solve the challenges customers face today – protecting against AI-driven threats, securing data everywhere, and enabling the secure deployment of AI." He also referenced a target of $10 billion in ARR.

The non-GAAP guidance figures exclude stock-based compensation, employer payroll taxes, amortization of acquired intangible assets, and amortization of debt issuance costs.