Q2 22 EPS
$0.13
BEAT +18.18%
Est. $0.11
Q2 22 Revenue
$255.6M
BEAT +5.80%
Est. $241.6M
vs S&P Since Q2 22
-102.3%
TRAILING MARKET
ZS -36.9% vs S&P +65.3%
Market Reaction
Did ZS Beat Earnings? Q2 2022 Results
Zscaler posted a convincing beat across the board in its fiscal second quarter of 2022, with revenue climbing 62.7% year-over-year to $255.56 million against a consensus estimate of $241.56 million, while non-GAAP earnings of $0.13 per diluted share … Read more Zscaler posted a convincing beat across the board in its fiscal second quarter of 2022, with revenue climbing 62.7% year-over-year to $255.56 million against a consensus estimate of $241.56 million, while non-GAAP earnings of $0.13 per diluted share cleared the $0.11 analyst estimate by 18.18%. The cybersecurity company's results were powered by accelerating enterprise adoption of its Zero Trust security platform, as organizations deepened digital transformation spending, a dynamic reflected in calculated billings surging 59% to $367.68 million and deferred revenue rising 70% to $759.93 million. Operating cash flow reached $48.26 million, or 19% of revenue, and the company closed the quarter with $1.62 billion in cash and short-term investments. Looking ahead, Zscaler raised its full-year fiscal 2022 revenue guidance to a range of $1.04 billion to $1.05 billion, with non-GAAP EPS expected between $0.54 and $0.56, while third-quarter revenue guidance of $270 million to $272 million signals continued confidence in sustained demand for its cloud-native security architecture.
Key Takeaways
- • Continued demand for Zero Trust security platform driven by enterprise digital transformation
- • Revenue growth rate reached highest level in three years
- • Surpassed $1 billion in annualized revenue
- • Calculated billings grew 59% year-over-year to $367.7 million
- • Deferred revenue grew 70% year-over-year to $759.9 million
ZS YoY Financials
Q2 2022 vs Q2 2021, source: SEC Filings
“Driven by continued demand for our Zero Trust security platform, we delivered strong results for the second quarter, with our year-over-year revenue growth rate reaching its highest level in three years, even as we surpassed $1 billion in annualized revenue.”
— Jay Chaudhry, Q2 2022 Earnings Press Release
ZS Earnings Trends
ZS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ZS EPS Trend
Earnings per share: estimate vs actual
ZS Revenue Trend
Quarterly revenue: estimate vs actual
ZS Quarterly Results
11 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.90 | $1.01 | +12.56% | $815.8M | +2.11% |
| Q1 26 BEAT | $0.86 | $0.96 | +11.42% | $788.1M | +1.84% |
| Q4 25 BEAT FY | $0.80 | $0.89 | +11.25% | $719.2M | +1.71% |
| FY Full Year | $3.19 | $3.28 | +2.73% | $2.67B | +0.45% |
| Q3 25 BEAT | $0.76 | $0.84 | +10.77% | $678.0M | +1.64% |
| Q4 24 BEAT FY | $0.69 | $0.88 | +27.54% | $592.9M | +4.39% |
| FY Full Year | — | $3.19 | — | $2.17B | — |
| Q3 23 BEAT | $0.42 | $0.48 | +14.29% | $418.8M | +0.76% |
| Q2 23 | $0.29 | — | — | — | — |
| Q1 23 BEAT | $0.26 | $0.29 | +11.54% | $355.5M | +3.39% |
| Q4 22 | $0.00 | — | — | — | — |
| Q2 22 BEAT | $0.11 | $0.13 | +18.18% | $255.6M | +5.80% |
| Q3 21 BEAT | $0.07 | $0.15 | +114.29% | $176.4M | +7.75% |