Rubrik Exceeds Q1 Expectations, Reports Strong Growth, and Raises Full-Year Guidance

summarizeSummary

Rubrik, Inc. reported first-quarter fiscal year 2027 financial results that exceeded all guided metrics, driven by strong subscription ARR growth and a shift to non-GAAP net income, leading the company to raise its full fiscal year 2027 outlook.

check_boxKey Events

• Exceeded Q1 FY27 Expectations

  Rubrik reported Q1 FY27 revenue of $387.1 million, surpassing analyst estimates of $366.29 million, and a non-GAAP diluted EPS of $0.16, significantly beating the anticipated loss of ($0.03).

• Strong Subscription ARR Growth

  Subscription Annual Recurring Revenue (ARR) grew 32% year-over-year to $1.57 billion as of April 30, 2026, demonstrating robust recurring revenue expansion.

• Raised Full-Year FY27 Guidance

  The company increased its full fiscal year 2027 outlook, now projecting revenue between $1,638 million and $1,648 million and non-GAAP net income per share of $0.25 to $0.35.

• Achieved Non-GAAP Profitability

  Rubrik reported non-GAAP net income per share of $0.16 for Q1 FY27, a significant improvement from a non-GAAP net loss in the prior year, alongside strong operating and free cash flow generation.

auto_awesomeAnalysis

This filing is highly important as Rubrik, Inc. delivered a strong beat on both revenue and non-GAAP EPS for Q1 FY27, significantly exceeding market expectations. The company's continued high growth in Subscription ARR (32% YoY) and total revenue (39% YoY) underscores the demand for its cyber resilience and AI operations solutions. Furthermore, the shift to non-GAAP net income and robust free cash flow generation indicate improving operational efficiency and financial health. The decision to raise full-year fiscal 2027 guidance signals management's strong confidence in sustained performance and future growth, which is a very positive indicator for investors.