Rubrik Raises FY27 Revenue Guidance to $1.64–1.65B After 39% Q1 Growth
RBRK•Rubrik’s first-quarter fiscal 2027 revenue rose 39%, boosted by $8.5 million in material rights and 141 net new customers with over $100,000 subscription ARR, while subscription ARR reached $1.57 billion. The company raised full-year revenue guidance to $1.64–1.65 billion and subscription ARR outlook to $1.85–1.86 billion.
1. First-Quarter Fiscal 2027 Results
Rubrik’s Q1 revenue rose 39% year over year, supported by $8.5 million in material rights and growth in subscription ARR to $1.57 billion. The company added 141 net new customers with over $100,000 in subscription ARR, demonstrating continued expansion across its cybersecurity offerings.
2. Upgraded Full-Year Fiscal 2027 Outlook
Management raised its full-year fiscal 2027 revenue guidance to $1.64–1.65 billion from $1.60–1.61 billion and lifted subscription ARR guidance to $1.85–1.86 billion versus the $1.84 billion consensus. This reflects sustained demand for cyber resilience services and confidence in securing larger deals.
3. Analyst Ratings and Share Reaction
Wells Fargo and Wedbush maintained overweight and outperform ratings with $90 price targets, highlighting solid quarter results and improving profitability. Despite the strong metrics, shares declined about 5% on investor caution over Q2 setup and execution risks.
4. Upcoming Analyst Day and Competitive Landscape
Rubrik’s Analyst Day on June 10 will focus on margin expansion strategies and demand durability in cyber resilience. The slight share drop by rival Commvault underscores intensifying competition in the data security market.
