On May 22, Zoom rose 12.1% in regular trading, trading at $109.0001/share with trading volume of $113 million. The surge was driven by the release of the company's fiscal year 2027 first-quarter earnings, which comprehensively exceeded market expectations.

Zoom reported Q1 adjusted earnings per share of $1.55, beating the analyst consensus estimate of $1.42 by 9.15%. Revenue came in at $1.239 billion, surpassing the expected $1.223 billion. Notably, the company's AI Companion user count tripled year-over-year, signaling a structural shift in its business model toward AI-driven growth. Zoom simultaneously raised its full-year guidance, projecting non-GAAP diluted EPS of $5.96 to $6.00 and revenue of $5.08 billion to $5.09 billion, both above prior guidance. The company also approved an additional stock buyback plan.

On the institutional front, Citi raised its target price on Zoom from $106 to $122 while maintaining a Buy rating, and KeyBanc upgraded the stock to Sector Weight, reflecting growing confidence in the company's AI commercialization trajectory.

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