Rubrik (NYSE:RBRK) Releases Earnings Results, Beats Estimates By $0.16 EPS

Rubrik (NYSE:RBRK) posted its earnings results on Thursday. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.04 by $0.16, FiscalAI reports. The business had revenue of $427.26 million during the quarter, compared to analysts’ expectations of $396.30 million. During the same period last year, the company earned ($0.03) EPS. The business’s quarterly revenue was up 43.9% compared to the same quarter last year. Rubrik updated its FY 2027 guidance to 0.470-0.530 EPS and its Q3 2027 guidance to 0.070-0.090 EPS.

Here are the key takeaways from Rubrik’s conference call:

• Rubrik raised its fiscal 2027 outlook after another quarter of exceeding guidance, forecasting subscription ARR of $1.88 billion–$1.885 billion, revenue of $1.685 billion–$1.693 billion, and free cash flow of $323 million–$333 million.
• Subscription ARR reached $1.66 billion, up 33% year over year, while net new subscription ARR accelerated to approximately $96 million; subscription revenue grew 37% to $407.2 million and net retention remained above 119%.
• Profitability and cash generation improved, with subscription ARR contribution margin expanding 460 basis points to 14% and quarterly free cash flow reaching $65.7 million. Management expects the contribution margin to rise to approximately 15.5% for the full year.
• Rubrik reported growing customer adoption of its platform across data protection, identity resilience, and AI-agent security. Identity Resilience is seeing early penetration and competitive wins, while Rubrik Agent Cloud has more than 15 paying customers, although management said its contribution to fiscal 2027 ARR remains minimal.
• Management’s full-year outlook implies a slower pace of net new ARR growth in the second half despite strong first-half execution, reflecting the company’s annual planning model and continued investment in R&D and go-to-market expansion.

Rubrik Trading Up 11.5%

RBRK stock opened at $107.17 on Friday. The company has a market capitalization of $22.06 billion, a P/E ratio of -73.91 and a beta of 1.17. The business has a 50 day simple moving average of $84.48 and a 200-day simple moving average of $67.25. Rubrik has a twelve month low of $42.25 and a twelve month high of $107.91.

Insider Activity

In other news, CFO Kiran Kumar Choudary sold 10,000 shares of Rubrik stock in a transaction on Monday, August 24th. The shares were sold at an average price of $98.32, for a total value of $983,200.00. Following the transaction, the chief financial officer directly owned 978,073 shares of the company’s stock, valued at $96,164,137.36. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Arvind Nithrakashyap sold 199,447 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $84.28, for a total transaction of $16,809,393.16. Following the completion of the sale, the chief technology officer owned 314,048 shares of the company’s stock, valued at approximately $26,467,965.44. This trade represents a 38.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 324,844 shares of company stock valued at $27,172,526 in the last ninety days. 13.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rubrik

Several hedge funds have recently made changes to their positions in the business. First Trust Advisors LP grew its holdings in shares of Rubrik by 42.8% during the fourth quarter. First Trust Advisors LP now owns 7,064,057 shares of the company’s stock worth $540,259,000 after buying an additional 2,116,272 shares during the last quarter. Federated Hermes Inc. raised its stake in Rubrik by 0.5% during the 4th quarter. Federated Hermes Inc. now owns 2,449,646 shares of the company’s stock valued at $187,349,000 after acquiring an additional 11,878 shares during the last quarter. State Street Corp lifted its position in Rubrik by 13.2% during the 4th quarter. State Street Corp now owns 2,356,918 shares of the company’s stock worth $180,257,000 after acquiring an additional 274,132 shares during the period. PointState Capital LP lifted its position in Rubrik by 23.4% during the 4th quarter. PointState Capital LP now owns 2,100,000 shares of the company’s stock worth $160,608,000 after acquiring an additional 397,653 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Rubrik by 7.0% in the 2nd quarter. Bank of America Corp DE now owns 2,073,044 shares of the company’s stock valued at $185,724,000 after purchasing an additional 136,262 shares during the last quarter. Institutional investors and hedge funds own 49.54% of the company’s stock.

Rubrik News Roundup

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Results significantly exceeded expectations. Rubrik reported adjusted EPS of $0.20 versus the $0.04 analyst consensus, while revenue rose 43.9% year over year to $427.26 million, ahead of the $396.30 million estimate. The quarter also marked an improvement from a $0.03 per-share loss a year earlier. Rubrik Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Management issued guidance well above Wall Street forecasts. Fiscal 2027 EPS guidance is $0.47–$0.53 versus consensus of $0.03, with revenue guidance of approximately $1.7 billion versus $1.6 billion expected. Third-quarter EPS guidance of $0.07–$0.09 and revenue guidance of $429–$431 million also exceed consensus estimates. Rubrik Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Analyst sentiment remains supportive. Rosenblatt Securities raised its price target from $95 to $105 and maintained a Buy rating, while reports also cited bullish expectations from Scotiabank. Rosenblatt Raises Rubrik Price Target
• Neutral Sentiment: Rubrik expanded its board from eight to nine directors by appointing Rakefet Russak-Aminoach. The addition may strengthen the company’s strategic and technology oversight but is unlikely to materially affect near-term results. Rubrik Appoints Rakefet Russak-Aminoach
• Negative Sentiment: The stock’s reaction has been volatile despite the strong report. Some coverage described a decline after earnings, suggesting investors may have been taking profits or demanding an even stronger outlook. With RBRK near its 52-week high and trading at a substantial growth-stock valuation, expectations are elevated and further gains may require continued execution. Rubrik Tumbles Despite Strong Q2 Results and Guidance

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group reaffirmed a “buy” rating and set a $106.00 price objective on shares of Rubrik in a research report on Wednesday, August 19th. Oppenheimer set a $120.00 target price on Rubrik in a research report on Thursday, August 20th. The Goldman Sachs Group restated a “buy” rating on shares of Rubrik in a research note on Wednesday, August 19th. Stephens reaffirmed an “overweight” rating on shares of Rubrik in a report on Friday. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Rubrik in a research note on Friday, June 5th. Twenty-nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $104.56.

About Rubrik

Rubrik, Inc is a cloud data management and security company that delivers a unified platform for data protection, disaster recovery, compliance and intelligent data governance. Its flagship offering, the Rubrik Security Cloud, enables organizations to automate backup and recovery workflows across on-premises, edge and multi-cloud environments. By combining policy-driven orchestration with real-time threat detection, Rubrik helps clients guard against ransomware, ensure business continuity and enforce data retention requirements.

The company’s platform supports a range of services including backup and restore, long-term data archiving, replication, and disaster recovery as a service (DRaaS).