Quarterly ResultJun 3, 2026, 04:06 PM
Netskope ARR up 29% to $845M; Q1 Revenue up 28% to $202M
AI Summary
Netskope reported strong financial results for the first quarter of fiscal year 2027, with Annual Recurring Revenue (ARR) increasing 29% year-over-year to $845 million and Q1 revenue growing 28% to $201.6 million. The company also launched new AI-native security products and expanded partnerships with Deloitte, Anthropic, and OpenAI to enhance its AI security offerings. Additionally, CFO Drew Del Matto announced his planned retirement, with a search for his successor underway. Netskope provided an optimistic outlook, projecting continued revenue growth for Q2 and the full fiscal year 2027.
Key Highlights
- Annual Recurring Revenue (ARR) grew 29% year-over-year to $845 million as of April 30, 2026.
- Q1 revenue increased 28% year-over-year to $201.6 million.
- Non-GAAP gross margin improved to 77% in Q1 FY2027, up from 74% in Q1 FY2026.
- Non-GAAP operating margin improved to (14%) in Q1 FY2027, compared to (18%) in Q1 FY2026.
- Non-GAAP net loss per share was ($0.06) in Q1 FY2027, compared to ($0.28) in Q1 FY2026.
- Q2 FY2027 revenue guidance is $213 million to $215 million, representing 25% to 26% growth.
- Full-year FY2027 revenue guidance is $879 million to $883 million, representing 24% to 25% growth.
- CFO Drew Del Matto announced his intention to retire after seven years with the company.
Price Impact
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