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Rubrik reported Q1 fiscal 2027 earnings that beat expectations across all metrics earlier today, with the security and AI operations company posting non-GAAP earnings per share of $0.16 versus analyst estimates of -$0.03, while also raising full-year guidance for revenue and profitability.
Quick Facts
- Q1 revenue hit $387.1 million, beating FactSet estimates by $20.75 million
- Subscription ARR grew 32% year-over-year to $1.57 billion
- Full-year FY2027 revenue guidance: $1,638 million to $1,648 million
- Full-year non-GAAP EPS guidance raised to $0.25–$0.35
Strong Start to Fiscal 2027
RBRK stock is navigating the post-earnings reaction after the company delivered results that exceeded all guided metrics. Revenue for the quarter ended April 30 reached $387.1 million, representing 39% year-over-year growth, with subscription revenue specifically climbing 41% to $374.2 million. On the profitability front, Rubrik swung to a non-GAAP net income of $36.2 million (or $0.16 per diluted share), compared to a non-GAAP net loss of $28.7 million in the prior-year quarter. The company also posted strong cash generation, with free cash flow reaching $73.6 million and a 19% free cash flow margin.
Rubrik’s subscription ARR contribution margin expanded to 13.2% from 8.0% a year earlier, signaling improving operating leverage as the company scales. The company now has 2,946 customers contributing $100,000 or more in annual subscription revenue, up 24% year-over-year.
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Raised Guidance and AI Positioning
Rubrik lifted its full-year fiscal 2027 outlook across the board. The company now projects subscription ARR between $1.854 billion and $1.862 billion, total revenue of $1.638 billion to $1.648 billion, and free cash flow of $293 million to $303 million. Non-GAAP net income per share is expected to land in the $0.25 to $0.35 range. CEO Bipul Sinha emphasized the company’s confidence in growth, stating that Rubrik is “in the early innings of the AI acceleration opportunity” and positioning itself as a strategic platform for “agentic cyber resilience.” The company recently launched Rubrik Agent Cloud for Google Cloud’s Gemini Enterprise Agent Platform and announced access to Anthropic’s Mythos Research Preview as part of its AI-driven security initiatives.
Sources
- Business Wire — Official press release with Q1 FY2027 financial results, guidance, and business highlights
- Seeking Alpha — Earnings summary and guidance analysis
- Market Screener — Q1 revenue and earnings data
