Rubrik Raises Fiscal 2027 Outlook Following Strong Q2 Revenue Growth
Rubrik (NYSE:RBRK) reported a significant increase in second-quarter revenue, rising by 38% year-over-year to $427.3 million and moving into adjusted profitability with earnings per share of $0.20 compared to an adjusted loss the previous year. The company raised its full-year fiscal 2027 revenue outlook to between $1.685 billion and $1.693 billion, along with a higher forecast for annual recurring revenue (ARR) midpoint at $1.88 billion. Despite these positive results, Rubrik's stock fell more than 8% in pre-market trading on Friday after the announcement. The company also exceeded its guidance across key metrics including subscription ARR growth of 32.6%, reaching $1.66 billion and surpassing both internal forecasts and analyst estimates.
Tickers: $RBRK