Rubrik Beats Earnings Estimates but Shares Plunge 9.73%

Rubrik Inc. reported second-quarter results after Thursday's close, with both revenue and profit exceeding analyst expectations. Here are the details of the report.

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Rubrik Second-Quarter Details

Rubrik reported quarterly earnings per share of 22 cents, well above the analyst consensus estimate of 4 cents.

Quarterly revenue came in at $427.26 million, surpassing the analyst consensus estimate of $396.278 million. Subscription revenue was $407.2 million, up 37% from $297 million in the second quarter of fiscal 2026.

As of July 31, 2026, subscription annual recurring revenue grew 33% year-over-year to $1.66 billion, with net new subscription ARR up 35% year-over-year.

As of July 31, 2026, cloud ARR grew 39% year-over-year to $1.48 billion. Adjusted net new cloud ARR grew 20% year-over-year in the second quarter of fiscal 2027.

Rubrik CEO Bipul Sinha said: "Mythos and frontier AI models have fundamentally reshaped the cybersecurity landscape. This new reality demands not only machine-speed cyber recovery but also autonomous runtime AI agent security."

Sinha added: "Rubrik's agentic cyber resilience delivers on both fronts to enable trusted AI transformation. We are more confident than ever that we are in the early stages of an AI-accelerated opportunity."

Outlook

Rubrik raised its fiscal 2027 adjusted earnings per share guidance to 47 cents to 53 cents, versus analyst expectations of 31 cents, and lifted its revenue outlook to $1.685 billion to $1.693 billion, versus expectations of $1.65 billion.

RBRK Price Action: Rubrik shares were down 9.73% to $97 in Thursday's after-hours trading, according to reports.