Zoom Video Communications (ZM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 24, 2026

After Close (Confirmed)

Period Ending

2027 (Q2)

Consensus EPS Forecast

1.49

Last Year’s EPS

1.53

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 18 Analysts Ratings

Earnings Call Summary

Q1 2027

Earnings Call Date:May 21, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed solid financial execution (Q1 revenue beat, raised full-year guidance), strong profitability and cash generation, and pronounced early momentum across AI products, contact center/CX and multiproduct enterprise expansion. Operational positives — notable AI adoption (paid MAUs +184%), product wins displacing legacy vendors, margin expansion and healthy cash flow — materially outweigh the modest near-term headwinds (slight online churn uptick, NDR at 99%, FX effects, and deferred revenue timing variability). Management acknowledged areas to address (AI awareness, competitive pressures) and provided a constructive outlook with incremental buyback authorization.

Company Guidance

Zoom guided Q2 revenue of $1.265B–$1.27B (≈4.1% y/y at the midpoint), non‑GAAP operating income of $508M–$513M (40.3% operating margin at the midpoint) and non‑GAAP EPS of $1.45–$1.47 on roughly 304M shares; for FY‑27 it raised full‑year guidance to revenue of $5.08B–$5.09B (≈4.4% y/y at the midpoint), non‑GAAP operating income of $2.065B–$2.075B (40.7% margin at the midpoint), non‑GAAP EPS of $5.96–$6.00 on ~304M shares and free cash flow of $1.7B–$1.74B. Management expects Q2 deferred revenue growth of 2–3% y/y (Q1 deferred revenue was $1.49B, +5% y/y), RPO of ~ $4.3B (+11% y/y) with noncurrent RPO +19%, and noted Q1 results that beat guidance (Q1 revenue $1.24B, +5.5% y/y, $14M above the high end; non‑GAAP operating income $509M, +9% y/y, $17M above the high end; non‑GAAP EPS $1.55 on ~300M shares, $0.13 above the high end). The company finished Q1 with $7.7B cash, repurchased 4.2M shares for $362M in the quarter (40.4M shares / $3.1B total repurchased) and announced an incremental $1B share‑repurchase authorization; future buybacks are not included in the EPS guidance.

Revenue Beat and Growth

Q1 total revenue $1.24B, up 5.5% year-over-year (4.6% in constant currency), $14M above the high end of guidance; company raised full-year FY27 revenue guidance to $5.08–5.09B (midpoint +4.4% YoY).

Enterprise Strength and Upmarket Momentum

Enterprise revenue grew 7.2% YoY and represented 61% of total revenue (up 1 point YoY); customers >$100k TTM grew 8% YoY and now comprise 33% of revenue (up 1 point).

AI Product Adoption and Monetization

Paid MAUs for AI Companion grew 184% YoY; My Notes reached >1.5M monthly active users within 4 months of launch; early adoption of AI Companion 3.0 and paid AI features are driving expansion and upsell (multiple large customers expanded to custom AI Companion).

Customer Wins & Platform Expansion

Multiple large, strategic enterprise wins and displacements (e.g., government contractor, Baptist Health, Chelsea FC, Caliber Collision, Renza, MongoDB, Raymond James) demonstrating multiproduct expansion across Workplace, Phone, Contact Center and ZVA; many top deals displaced legacy vendors.

Contact Center & CX Momentum

Zoom Customer Experience (ZCX) showed high double-digit growth in Q1 with paid AI in 9 of the top 10 ZCX deals; company highlighted new CX SKUs (CX Insights, AI Expert Assist 3.0, workforce mgmt enhancements) and expanding ZVA use cases.

Strong Profitability and Cash Generation

Non-GAAP gross margin 79.9% (+70 bps YoY); non-GAAP operating income $509M (+9% YoY) with operating margin 41.1% (+130 bps YoY); non-GAAP diluted EPS $1.55 (+$0.12 YoY) and $0.13 above guidance.

Balance Sheet & Cash Flow Strength

Deferred revenue $1.49B (+5% YoY); RPO ~ $4.3B (+11% YoY, noncurrent RPO +19%); operating cash flow $522M (+7% YoY, 42.1% margin); free cash flow $500M (+8% YoY, 40.4% margin); cash and marketable securities $7.7B.

Share Repurchases & Capital Return

Repurchased 4.2M shares for $362M in Q1 (total 40.4M shares for $3.1B to date); Board authorized an incremental $1B share repurchase, reinforcing capital return posture.

Product & Developer Platform Progress

Launched Zoom AI Services in March (including Scribe API), leveraging Zoom’s speech recognition strength with early adopters (e.g., BPO InflexionCX); demonstrating a path to expose core AI tech to customers and developers.

Zoom Video Communications (ZM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ZM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 24, 2026	2027 (Q2)	1.49 / -	1.53	―	―	―
May 21, 2026	2027 (Q1)	1.42 / 1.55	1.43	8.39% (+0.12)
Feb 25, 2026	2026 (Q4)	1.49 / 1.44	1.41	2.13% (+0.03)
Nov 24, 2025	2026 (Q3)	1.44 / 1.52	1.38	10.14% (+0.14)
Aug 21, 2025	2026 (Q2)	1.38 / 1.53	1.39	10.07% (+0.14)
May 21, 2025	2026 (Q1)	1.31 / 1.43	1.35	5.93% (+0.08)
Feb 24, 2025	2025 (Q4)	1.30 / 1.41	1.42	-0.70% (-0.01)
Nov 25, 2024	2025 (Q3)	1.31 / 1.38	1.29	6.98% (+0.09)
Aug 21, 2024	2025 (Q2)	1.22 / 1.39	1.34	3.73% (+0.05)
May 20, 2024	2025 (Q1)	1.19 / 1.35	1.16	16.38% (+0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ZM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 21, 2026	$96.75	$105.64	+9.19%
Feb 25, 2026	$85.43	$75.54	-11.58%
Nov 24, 2025	$78.60	$86.34	+9.85%
Aug 21, 2025	$73.17	$82.47	+12.71%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.