Analyst Consensus ?
ConsensusBuy22 ratings
Bullish22100.0%
Neutral00.0%
Bearish00.0%
Rubrik, Inc. · RBRK · FY2027 Q1 · Calendar Q2 2026
Rubrik raises FY2027 outlook as cloud ARR reaches 89%
The supplied analysis supports the view that resilient demand for cyber resilience, identity protection and AI governance can support Rubrik's growth over the next year. Evidence includes 32% year-over-year subscription ARR growth, 120% net revenue retention, 89% cloud ARR and raised guidance; adoption speed, competition, hardware costs and regulation remain key tests.
Reported After market closeNYSETechnology
$23.79B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.16
Consensus $-0.03
EPS surprise
+637.5%
Reported versus consensus
Reported revenue
$387.1M
Consensus $366.3M
Revenue surprise
+5.7%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-4.7%
Event window
SPY move
-2.6%
Same window
Abnormal move
-2.1%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
+18.6%
Up to 20 sessions
RBRKSPY benchmark
Ask FN2 about RBRK FY2027 Q1
Transcript, numbers and history already loaded
Why did RBRK fall 4.7% after beating EPS estimates in FY2027 Q1?What changed in RBRK's guidance and outlook in FY2027 Q1?Give me the bull and bear case for RBRK after FY2027 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, management's guidance sentiment moved from maintained to raised. The current analysis adds 89% cloud ARR, a Predibase acquisition and Anthropic-related partnership activity, while continuing to emphasize Agent Cloud, identity protection and cyber resilience.
Guidance delta
Raised, according to the supplied transcript analysis.
Key takeaways
- Management reported record fiscal Q1 performance, with subscription ARR up 32% year over year and net revenue retention at 120%.
- Cloud ARR reached 89% of subscription ARR, indicating the cloud transition is nearing completion.
- Management highlighted Rubrik Agent Cloud, Identity Resilience and AI-governance initiatives as growth areas.
- The company cited Anthropic and Predibase developments as additions to its AI-security capabilities.
Management priorities
- Increase R&D investment in data, security and AI platforms
- Expand go-to-market efforts for Identity Resilience and Rubrik Agent Cloud
- Build partnerships with cloud and AI platform providers
- Continue developing the unified Rubrik platform and AI-governance capabilities
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$115.57Previous close
$41Low
$81.13Average
$120High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| CIBC | Outperform | Outperform | Maintain | Aug 31, 2026 |
| Scotiabank | Sector Outperform | Sector Outperform | Maintain | Aug 28, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Aug 28, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 28, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Aug 28, 2026 |
| Guggenheim | Buy | Buy | Maintain | Aug 28, 2026 |
| DA Davidson | Buy | Buy | Maintain | Aug 28, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 28, 2026 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Aug 28, 2026 |
| BTIG | Buy | Buy | Maintain | Aug 28, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 28, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 28, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 25, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 19, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Aug 19, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jun 15, 2026 |
| Wedbush | Outperform | Outperform | Maintain | Jun 11, 2026 |
| Baird | Outperform | Outperform | Maintain | Jun 11, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jun 5, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Feb 9, 2026 |
| William Blair | Outperform | Market Perform | Upgrade | Dec 5, 2025 |
| Roth Capital | Buy | Buy | Maintain | Jun 6, 2025 |
Named analyst price targets
Upside is calculated against the persisted previous close $115.57. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Cantor Fitzgerald | Jonathan Ruykhaver | $120 | $94.92 | +3.8% | Aug 28, 2026 |
| D.A. Davidson | Rudy Kessinger | $115 | $96.69 | -0.5% | Aug 28, 2026 |
| Wolfe Research | Analyst unavailable | $120 | $107.02 | +3.8% | Aug 28, 2026 |
| Scotiabank | Joe Vandrick | $114 | $98.04 | -1.4% | Aug 25, 2026 |
| Oppenheimer | Param Singh | $120 | $99.47 | +3.8% | Aug 20, 2026 |
| UBS | Matthew Martino | $106 | $100.55 | -8.3% | Aug 19, 2026 |
| Loop Capital Markets | Analyst unavailable | $100 | $74.74 | -13.5% | Aug 3, 2026 |
| D.A. Davidson | Rudy Kessinger | $90 | $67.94 | -22.1% | Jun 11, 2026 |
| Cantor Fitzgerald | Jonathan Ruykhaver | $95 | $71.32 | -17.8% | Jun 11, 2026 |
| Stephens | Ren Hefley | $90 | $77 | -22.1% | Jun 5, 2026 |
| Scotiabank | Analyst unavailable | $95 | $77 | -17.8% | Jun 5, 2026 |
| Mizuho Securities | Gregg Moskowitz | $90 | $77 | -22.1% | Jun 5, 2026 |
| Jefferies | Analyst unavailable | $90 | $77 | -22.1% | Jun 5, 2026 |
| Truist Financial | Junaid Siddiqui | $90 | $77 | -22.1% | Jun 5, 2026 |
| BTIG | Gray Powell | $91 | $77 | -21.3% | Jun 5, 2026 |
| Wolfe Research | Analyst unavailable | $95 | $77 | -17.8% | Jun 5, 2026 |
| Oppenheimer | Rubrik to Outperform | $85 | $64.33 | -26.5% | May 20, 2026 |
| Wolfe Research | Analyst unavailable | $70 | $53.18 | -39.4% | May 1, 2026 |
| UBS | Analyst unavailable | $65 | $52.28 | -43.8% | Apr 27, 2026 |
| Scotiabank | Joe Vandrick | $70 | $53.6 | -39.4% | Apr 20, 2026 |
| CIBC | Todd Coupland | $110 | $51.84 | -4.8% | Mar 16, 2026 |
| BMO Capital | Keith Bachman | $70 | $53.6 | -39.4% | Mar 13, 2026 |
| D.A. Davidson | Rudy Kessinger | $70 | $54.5 | -39.4% | Mar 13, 2026 |
| Cantor Fitzgerald | Jonathan Ruykhaver | $85 | $54.02 | -26.5% | Mar 13, 2026 |
| D.A. Davidson | Analyst unavailable | $65 | $47.26 | -43.8% | Feb 23, 2026 |
| Stephens | Todd Weller | $105 | $78.01 | -9.1% | Dec 29, 2025 |
| KeyBanc | Eric Heath | $113 | $70.43 | -2.2% | Dec 5, 2025 |
| Guggenheim | John DiFucci | $110 | $70.43 | -4.8% | Dec 5, 2025 |
| Guggenheim | John DiFucci | $108 | $69.32 | -6.6% | Dec 1, 2025 |
| Truist Financial | Joel Fishbein | $50 | $43.48 | -56.7% | Nov 18, 2024 |
| BMO Capital | Keith Bachman | $38 | $29.91 | -67.1% | Sep 10, 2024 |
| Citigroup | Fatima Boolani | $48 | $29.82 | -58.5% | Sep 10, 2024 |
| Mizuho Securities | Gregg Moskowitz | $43 | $29.87 | -62.8% | Sep 10, 2024 |
| Piper Sandler | Rubrik one | $42 | $33.41 | -63.7% | Aug 19, 2024 |
| Robert W. Baird | Shrenik Kothari | $42 | $33.85 | -63.7% | Jul 15, 2024 |
| KeyBanc | Eric Heath | $48 | $34.74 | -58.5% | Jun 12, 2024 |
| Cantor Fitzgerald | Yi Fu Lee | $50 | $30.26 | -56.7% | May 30, 2024 |
| CIBC | Todd Coupland | $50 | $34.83 | -56.7% | May 22, 2024 |
| Deutsche Bank | Brad Zelnick | $42 | $36.07 | -63.7% | May 21, 2024 |
| Loop Capital Markets | Eric Heath | $46 | $36.07 | -60.2% | May 20, 2024 |
| Mizuho Securities | Gregg Moskowitz | $46 | $36.57 | -60.2% | May 20, 2024 |
| Truist Financial | Joel Fishbein | $43 | $36.57 | -62.8% | May 20, 2024 |
| Wells Fargo | Andrew Nowinski | $42 | $36.57 | -63.7% | May 20, 2024 |
| Barclays | Saket Kalia | $41 | $36.57 | -64.5% | May 20, 2024 |
| BMO Capital | Keith Bachman | $40 | $36.57 | -65.4% | May 20, 2024 |
| Goldman Sachs | Kash Rangan | $48 | $36.57 | -58.5% | May 20, 2024 |
| Guggenheim | John DiFucci | $48 | $36.57 | -58.5% | May 20, 2024 |
| KeyBanc | Eric Heath | $46 | $36.57 | -60.2% | May 20, 2024 |
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Start freeCompany context
Snapshot as of publicationRubrik, Inc. operates as a global provider of advanced data security solutions, catering to a wide range of individuals and businesses. The company's comprehensive suite of offerings addresses various aspects of data protection, including securing enterprise data, unstructured data, cloud environments, and Software-as-a-Service (SaaS) applications. Beyond foundational protection, Rubrik also furnishes tools for data threat analytics, assessing an organization's security posture, and critical cyber recovery capabilities to aid in post-incident remediation. Rubrik serves an extensive array of sectors, counting financial services, retail, trade, transportation, energy, industrial, healthcare, life sciences, education, technology, media, communications, and government entities among its clientele. Established in 2013, the company was initially known as Scaledata, Inc., rebranding to Rubrik, Inc. in October 2014. Its corporate headquarters are situated in Palo Alto, California.
Historical context
All RBRK earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
| IOT Samsara Inc. | FY2027 Q2 · Calendar Q3 2026 | +25.0% | +3.7% | Samsara: AI adoption expands as FY27 guidance holds |
Latest beats and misses
Who reports nextBeat on EPS
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
Get the RBRK recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-06-05T08:24:27.897545+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T06:50:59.380507+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T06:50:59.377457+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-24. For educational purposes only; not investment advice.