Overview
- Zoom reported first‑quarter adjusted earnings of $1.55 per share and revenue of $1.24 billion, beating Street estimates.
- The company raised fiscal 2027 revenue guidance to $5.08–$5.09 billion and lifted adjusted EPS to $5.96–$6.00 while authorizing an additional $1 billion share buyback.
- Executives highlighted AI traction as a growth lever, saying paid users of AI Companion grew 184% year over year and My Notes reached 1.5 million licensed users.
- Enterprise momentum strengthened with enterprise revenue up 7.2% to $755.7 million, 4,534 customers now each contributing more than $100,000 in trailing 12‑month revenue, and a 99% net dollar expansion rate.
- Zoom generated roughly $500 million in free cash flow for the quarter and held about $7.7 billion in cash and marketable securities, which funded the buyback and helped drive a double‑digit stock re‑rating and higher analyst price targets.