Zoom (ZM) is trading higher as the market digests its first-quarter fiscal 2026 earnings release and updated outlook, with guidance pointing to modest but improving growth and continued profitability. The move reflects a renewed bid for large-cap software names showing stable enterprise demand and tangible AI-related product rollouts that can support pricing and attach opportunities. (investors.zoom.us)

For fiscal Q1 2026, Zoom reported revenue of about $1.18 billion (constant-currency revenue up 3.4% year over year), with Enterprise revenue up 5.9% to $704.7 million while Online revenue fell 1.2% to $470.0 million. Non-GAAP diluted EPS was $1.43 and Zoom ended the quarter with $7.8 billion in cash, cash equivalents, and marketable securities (excluding restricted cash). (investors.zoom.us)

Zoom’s outlook was the main incremental driver: it guided fiscal Q2 2026 revenue to $1.195–$1.200 billion and guided full-year fiscal 2026 revenue to $4.800–$4.810 billion, alongside non-GAAP EPS of $5.56–$5.59. Management framed the roadmap around an “AI-first” platform approach, with monetized launches referenced in the period including Custom AI Companion and vertical Workplace offerings, keeping attention on the pace of AI feature adoption and packaging rather than pure seat growth. (investors.zoom.us)

The near-term question for the tape is whether Enterprise growth can stay firm while the Online segment remains a drag, and whether AI add-ons can lift revenue per customer without compressing margins as investment ramps. Traders will also monitor capital return: the earnings release noted $1.2 billion of authorized repurchase remaining as of April 30, 2025, leaving room for ongoing buybacks to support EPS. (investors.zoom.us)