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Investing.com -- Zoom Video Communications Inc (NASDAQ:ZM) reported better-than-expected first quarter earnings and issued strong guidance, sending its shares up 2.7% in after-hours trading.
The video conferencing giant posted adjusted earnings per share of $1.43, surpassing analyst estimates of $1.31. Revenue for the quarter came in at $1.17 billion, in line with consensus expectations and up 2.9% YoY.
Zoom’s outlook for the current quarter and full fiscal year 2026 exceeded Wall Street projections. The company forecasts Q2 adjusted EPS of $1.36-$1.37 on revenue of $1.195-$1.2 billion, above analyst estimates of $1.34 EPS and $1.192 billion in revenue. For fiscal 2026, Zoom sees adjusted EPS of $5.56-$5.59 on revenue of $4.8-$4.81 billion, topping consensus of $5.37 EPS and $4.788 billion in revenue.
"We delivered another solid quarter, exceeding guidance in both revenue and profitability — a testament to the strength of our platform and AI-first innovation," said Eric S. Yuan, Zoom’s founder and CEO.
Enterprise revenue grew 5.9% YoY to $704.7 million, while online revenue dipped 1.2% to $470 million. The company reported 4,192 customers contributing over $100,000 in trailing 12-month revenue, up 8% from the previous year.
Zoom maintained strong profitability with a non-GAAP operating margin of 39.8%. The company also accelerated its share repurchase program, buying back approximately 5.6 million shares in Q1.