Rubrik Q2 revenue jumps 38% on subscription ARR growth

Rubrik

27/08/2026 21:16

Overview
US security and AI operations firm's fiscal Q2 revenue rose 38% year-over-year
Adjusted EPS for fiscal Q2 turned positive from a loss a year ago
Subscription ARR grew 33% year-over-year, with margin improvement cited

Outlook
Rubrik sees Q3 revenue between $429 mln and $431 mln
Company expects FY 2027 revenue of $1.685 bln to $1.693 bln
Rubrik raises guidance for all fiscal 2027 metrics, citing confidence in execution

Result Drivers
SUBSCRIPTION GROWTH - Co said 33% year-over-year growth in subscription ARR and 39% growth in cloud ARR drove Q2 results
PRODUCT ENHANCEMENTS - Launch of agentic AI, autonomous recovery, and identity resilience features contributed to demand, per co
OPERATING LEVERAGE - Margin improvement attributed to strong net new subscription ARR and improved operating leverage, per CFO

Company press release: ID:nBw9BZhl2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$427.26 mln
 
Q2 Adjusted EPS
 
$0.20
 
Q2 Gross Profit
 
$335.12 mln
 
Q2 Operating Expenses
 
$407.03 mln
 
Q2 Pretax Loss
 
$56.30 mln
 

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 $109.50, about 13.9% above its August 26 closing price of $96.13
The stock recently traded at 194 times the next 12-month earnings vs. a P/E of 196 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.)