Rubrik Q1 revenue rises as subscription ARR grows

Rubrik

04/06/2026 21:22

Overview
Security and AI operations firm's fiscal Q1 revenue rose 39% yr/yr to $387.1 mln
Adjusted EPS for fiscal Q1 was $0.16, up from a loss a year ago
Subscription ARR grew 32% yr/yr to $1.57 bln, reflecting strong demand

Outlook
Rubrik raises all guided metrics for fiscal year 2027
Company sees Q2 revenue of $395 mln to $397 mln
Rubrik expects full-year revenue of $1.638 bln to $1.648 bln

Result Drivers
SUBSCRIPTION GROWTH - Co said 32% yr/yr growth in subscription ARR to $1.57 bln was driven by strong demand for its platform
CUSTOMER EXPANSION - Number of customers with $100K+ subscription ARR rose 24% yr/yr to 2,946, reflecting increased adoption
AI AND PRODUCT INNOVATION - Co cited new AI features, integrations with Microsoft and Google, and launch of proprietary AI governance engine as supporting demand

Company press release: ID:nBwDRCHRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
$387.1 mln
 
Q1 Adjusted EPS
 
$0.16
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 29 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Rubrik Inc is $84.50, about 6.3% above its June 3 closing price of $79.46
The stock recently traded at 257 times the next 12-month earnings vs. a P/E of 719 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)