This analysis of Zoom Video Communications (ZM) highlights the company's Q3 2026 earnings and future prospects. Key points include a positive stock price reaction post-earnings, with shares up over 10%. The company has high cash flow, with a rate above 50%. The earnings announcement included information that Zoom Video has a robust cash balance of approximately $8 billion. The analysis noted the re-purchasing of company stocks, approximately 5.1 million shares repurchased. Zoom also raised common stock purchase authorization by $1 billion. The analysis pointed out that Q3 revenue was $1.23 billion, and a 25% operating profit margin was earned in the quarter. 12-month net dollar expansion rate is now at 98%, which is lower than the analyst would like to see and is the biggest concern. The end of fiscal year 2026, total revenue is expected to be between $4.852 billion and $4.857 billion with approximately $1.87 billion free cash flow.