Companies /Technology

Rubrik, Inc.

NYSE: RBRK Software - Infrastructure
$91.68
▼ $1.99 (−2.12%) today
Markets open · 3:11pm ET

Q2 2027 Earnings

Reported Aug 27, 2026, 4:06pm ET · SEC source
$0.20
Beat +408.91%
EPS · est. $0.04 Adjusted
$427.3M
Beat +7.81%
Revenue · est. $396.3M
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−18%−12%−6%0Aug 27Aug 28report 4:06pm ETearnings−0.2%−18.3%
−18%−12%−6%0Aug 27Aug 28earnings−0.2%−18.3%
RBRK −18.3%S&P 500 −0.2%
−18%−12%−6%0Aug 27Aug 28report 4:06pm ETearnings−0.6%−18.3%
−18%−12%−6%0Aug 27Aug 28earnings−0.6%−18.3%
RBRK −18.3%NASDAQ −0.6%
−7%0+7%+14%Aug 26Sep 4report 4:06pm ETearnings−0.1%−0.8%
−7%0+7%+14%Aug 26Sep 4earnings−0.1%−0.8%
RBRK −0.8%S&P 500 −0.1%
−7%0+7%+14%Aug 26Sep 4report 4:06pm ETearnings−0.2%−0.8%
−7%0+7%+14%Aug 26Sep 4earnings−0.2%−0.8%
RBRK −0.8%NASDAQ −0.2%
−13.05%
Day of report
−0.01%
Next session
+0.67%
One week

Did RBRK Beat Earnings? Q2 2027 Results

Rubrik posted a blowout second quarter for fiscal 2027, delivering results that cleared Wall Street's bar by a wide margin and extended the company's streak of beating consensus EPS estimates to four consecutive quarters. The data security firm reported revenue of $427.26 million, up 37.9% year over year and ahead of the $396.30 million consensus by 7.81%, while adjusted non-GAAP EPS of $0.20 demolished the $0.04 estimate by 408.91%. The primary engine behind the outperformance was surging subscription demand, with Subscription ARR reaching $1.66 billion, up 33% year over year, and Cloud ARR climbing 39% to $1.48 billion, reflecting deepening enterprise adoption of Rubrik's platform. Profitability also inflected sharply, with non-GAAP net income swinging to $44.72 million from a $6.47 million loss a year earlier, while the GAAP net loss narrowed meaningfully to $61.78 million. Analysts have taken note, with at least one major bank reiterating a Buy rating. Looking ahead, management raised full-year FY2027 revenue guidance to $1.69 billion to $1.69 billion and lifted its free cash flow outlook to $323 million to $333 million.

Key Takeaways
  • Subscription ARR grew 33% YoY to $1.66 billion with net new Subscription ARR up 35% YoY
  • Cloud ARR grew 39% YoY to $1.48 billion
  • Revenue normalized for material rights increased 43% YoY
  • Subscription ARR contribution margin expanded to 14.0% from 9.4% YoY
  • 3,084 customers with $100K+ Subscription ARR, up 23% YoY

“Mythos and frontier AI models have fundamentally changed the cybersecurity landscape. This new reality demands not only machine speed cyber recovery but also autonomous runtime AI agent security. Rubrik's Agentic Cyber Resilience delivers on both to enable trusted AI transformation. We are more confident than ever that we are in the early innings of the AI acceleration opportunity.”

Rubrik CEO, on the earnings call

Forward Guidance & Outlook

For Q3 FY2027, Rubrik expects revenue of $429-$431 million, non-GAAP subscription ARR contribution margin of approximately 14%, and non-GAAP net income per share of $0.07-$0.09 on approximately 230 million weighted-average shares outstanding. For full fiscal year 2027, the company raised guidance to: Subscription ARR of $1,880-$1,885 million, revenue of $1,685-$1,693 million, non-GAAP subscription ARR contribution margin of approximately 15.5%, non-GAAP net income per share of $0.47-$0.53 on approximately 228 million weighted-average shares outstanding, and free cash flow of $323-$333 million.

RBRK YoY Financials

Q2 2027 vs Q2 2026 · SEC filings Q2 2026 Q2 2027
$0$200.0M$400.0M$309.9M$427.3MRevenue$246.3M$335.1MGross Profit$-58,041,653$-71,902,000Operating Income$-45,558,260$-61,777,000Net Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

RBRK Revenue by Segment

Subscription$407.2M+37.0%
Other$20.1M+83.7%
Maintenance

Figures from SEC filings and company reports. Not investment advice.