Rubrik sees Q3 revenue between $429 million and $431 million.
The company expects FY 2027 revenue of $1.685 billion to $1.693 billion and said it is raising guidance for all fiscal 2027 metrics, citing confidence in execution.
Key details
Metric
Actual
Q2 Revenue
$427.26 million
Q2 Adjusted EPS
$0.20
Q2 Gross Profit
$335.12 million
Q2 Operating Expenses
$407.03 million
Q2 Pretax Loss
$56.30 million
Analyst coverage
The current average analyst rating on the shares is buy, with 29 strong buy or buy recommendations, no hold and no sell or strong sell.
The average consensus recommendation for the software peer group is buy.
Wall Street's median 12-month price target for Rubrik, Inc. is , about above its August 26 closing price of .
The stock recently traded at 194 times the next 12-month earnings vs. a P/E of 196 three months ago.
Q2 results and drivers
Rubrik said fiscal Q2 revenue rose 38% year-over-year, with adjusted EPS turning positive from a loss a year ago. Subscription ARR grew 33% year-over-year, with margin improvement cited.
Subscription growth - The company said 33% year-over-year growth in subscription ARR and 39% growth in cloud ARR drove Q2 results.
Product enhancements - Launch of agentic AI, autonomous recovery, and identity resilience features contributed to demand, per the company.
Operating leverage - Margin improvement was attributed to strong net new subscription ARR and improved operating leverage, per the CFO.
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