Netskope reports 29% ARR growth to $845M in Q1 FY2027

Netskope announced strong fiscal first quarter 2027 results with annual recurring revenue increasing 29% year-over-year to $845 million and quarterly revenue growing 28% to $202 million, driven by AI security demand. The company improved gross margins to 74% GAAP and 77% non-GAAP, though operating losses widened on increased investments in the AI-native platform.