EarningsQ2 2027 Earnings Report
MX:RBRK Q2 2027 EPS Results
Actual EPS$3.40
Consensus EPS$0.66
Beat/MissBeat by +$2.73
One Year Ago EPS-$0.51
MX:RBRK Q2 2027 Revenue Results
Actual Revenue$7.26B
Expected Revenue$6.73B
Beat/MissBeat by +$525.76M
YoY Revenue Growth+37.89%
Earnings Announcement Details
QuarterQ2 2027
Date08/27/2026
TimeAfter Close
Conference CallThursday, August 27, 2026
MX:RBRK Upcoming Earnings
Rubrik, Inc. Class A's next earnings date is estimated for December 3, 2026, based on past reporting schedules.
Q2 2027 Earnings Call Audio
MX:RBRK Q2 2027 Earnings Call
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Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum: sizable subscription ARR growth (+33% YoY), accelerating net new ARR, high retention (>119% NRR), expanding contribution margins (+460 bps), solid free cash flow generation and raised full-year guidance. Product momentum across Identity Resilience, Rubrik Agent Cloud and Rubrik Flex, along with several strategic customer wins, supports a positive growth narrative. Key caveats included a reduction in material-rights revenue that creates a reported revenue headwind, an analyst-flagged implied back-half net new ARR cadence slowdown (management stresses annual focus), cloud migration tailwinds winding down, and RAC still early in monetization. Overall, positives (strong growth, margin expansion, cash generation and raised guidance) materially outweigh the near-term caveats and execution risks.Company Guidance
Strong Subscription ARR Growth
Subscription ARR reached $1.66B, up 33% year-over-year, with approximately $96M of net new subscription ARR added in Q2.
Robust Revenue and Top-Line Performance
Subscription revenue was $407.2M, up 37% year-over-year; total revenue was $427.3M, up 38% year-over-year (revenue normalized for material rights up 43%).
High Customer Retention and Expansion
Subscription net retention rate remained strong at over 119%; customers with >= $100k subscription ARR reached 3,084 (up 23% YoY); customers with >= $1M ARR grew over 57%.
Profitability and Margin Improvement
Subscription ARR contribution margin improved ~460 basis points year-over-year to 14% (LTM), and non-GAAP gross margin was ~81% in Q2; generated $65.7M in free cash flow (up from $57.5M YoY).
Raised Outlook and Durable Growth Targets
Company raised full-year guidance: fiscal 2027 subscription ARR expected $1.88B–$1.885B (≈29% YoY growth); full-year revenue $1.685B–$1.693B; expects FY subscription ARR contribution margin ≈15.5%, EPS $0.47–$0.53, and free cash flow $323M–$333M.
Strong Competitive Wins & Product Momentum
Notable customer wins include a U.S. state government agency, a Global 2000 financial services customer, a large U.S. health care system expansion (Rubrik Flex), and an online fashion retailer for Identity Resilience; Rubrik reported high competitive win rates.
Early Traction for Rubrik Agent Cloud (RAC) and Identity
RAC has over 15 paying customers and proof-of-concept conversions to production; Identity Resilience is one of the fastest-growing product lines with several strategic wins, including the largest international identity deal in company history this quarter.
Strong Balance Sheet and Cash Position
Ended Q2 with $1.75B in cash, cash equivalents and short-term investments, supporting ongoing R&D and go-to-market investments.
MX:RBRK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed