Zscaler Q3 FY2026: 25% revenue growth to $850.5M, record 23% operating margin

Zscaler delivered strong third-quarter results with 25% year-over-year revenue growth and record non-GAAP operating margins of 23%, driven by AI-era cybersecurity demand. The company's Zero Trust SASE platform resonated with customers, achieving $3.5B ARR with positive free cash flow growth of 14%.