Rubrik (NYSE:RBRK) Issues Quarterly Earnings Results

Rubrik (NYSE:RBRK) released its quarterly earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.16, FiscalAI reports. The firm had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. The firm’s revenue for the quarter was up 43.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) EPS. 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 Down 12.9%

Shares of Rubrik stock opened at $93.17 on Friday. The company has a market capitalization of $19.18 billion, a P/E ratio of -73.94 and a beta of 1.17. The stock has a fifty day simple moving average of $84.94 and a 200 day simple moving average of $67.43. Rubrik has a 12-month low of $42.25 and a 12-month high of $107.91.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RBRK shares. Stephens reissued an “overweight” rating on shares of Rubrik in a research note on Friday. Oppenheimer set a $120.00 price target on Rubrik in a research note on Thursday, August 20th. DA Davidson increased their price target on Rubrik from $90.00 to $115.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets raised their price objective on shares of Rubrik from $98.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, KeyCorp boosted their target price on shares of Rubrik from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday. Twenty-nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rubrik presently has an average rating of “Moderate Buy” and a consensus target price of $111.96.

Insiders Place Their Bets

In related news, CFO Kiran Kumar Choudary sold 10,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $98.32, for a total transaction of $983,200.00. Following the transaction, the chief financial officer directly owned 978,073 shares in the company, valued at approximately $96,164,137.36. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John Wendell Thompson sold 11,000 shares of Rubrik stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $84.55, for a total transaction of $930,050.00. Following the transaction, the director directly owned 4,653 shares in the company, valued at approximately $393,411.15. This represents a 70.27% decrease in their position. The SEC filing for this sale provides additional information. 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 three months. 13.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Triumph Capital Management purchased a new position in shares of Rubrik in the 4th quarter worth about $33,000. Banque Cantonale Vaudoise purchased a new position in Rubrik in the third quarter valued at approximately $34,000. Los Angeles Capital Management LLC bought a new position in Rubrik during the fourth quarter valued at $35,000. Comerica Bank grew its holdings in Rubrik by 209.0% during the first quarter. Comerica Bank now owns 584 shares of the company’s stock valued at $36,000 after purchasing an additional 395 shares during the period. Finally, Advocate Investing Services LLC purchased a new stake in Rubrik in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 49.54% of the company’s stock.

Rubrik News Summary

Here are the key news stories impacting Rubrik this week:

• Positive Sentiment: Strong earnings beat and raised outlook: Rubrik reported fiscal Q2 EPS of $0.20 versus the $0.04 consensus and revenue of $427.3 million versus expectations of $396.3 million. Revenue increased 43.9% year over year. Management guided fiscal 2027 revenue to approximately $1.7 billion and EPS to $0.47–$0.53, well above consensus estimates. Rubrik Q2 earnings report
• Positive Sentiment: Analyst targets moved higher: BMO Capital Markets, Barclays, and DA Davidson raised their price targets to $115, while KeyCorp raised its target to $120 and BTIG lifted its target to $125. The firms maintained bullish ratings, supporting the view that the post-earnings pullback may offer an entry opportunity. DA Davidson analyst report
• Positive Sentiment: AI security opportunity: Rubrik is emphasizing the growing threat from autonomous AI agents and positioning its data-security platform to address that risk, potentially expanding demand as businesses adopt AI. Rubrik AI threats article
• Neutral Sentiment: Rubrik added Rakefet Russak-Aminoach to its board, expanding the board from eight to nine members. The appointment may add strategic expertise but has limited immediate earnings impact. Rubrik board appointment
• Negative Sentiment: Margin concerns overshadowed the beat: Coverage indicates that gross-margin slippage and the stock’s elevated valuation prompted investors to lock in gains after the earnings release. Shares had climbed to roughly $107.7 before retreating, suggesting expectations were already very high. Rubrik gross margin article

Rubrik Company Profile

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).