Rubrik, Inc. provides data security solutions to individuals and businesses worldwide. Its offerings include enterprise, unstructured, cloud, and SaaS data protection, identity provider services protection, data threat analytics, data security posture, identity recovery and resilience services, and cyber recovery solutions. The company also provides RUBY, an AI agent for cyber resilience; SENTRYAI, a proprietary AI deep learning-based platform for system health monitoring; and RUBRIK UNIVERSITY, which offers instructor-led training, on-demand e-learning, and certification exams. Rubrik serves multiple sectors and has a strategic collaboration with MEDITECH. Formerly known as Scaledata, Inc., it changed its name to Rubrik, Inc. in October 2014, was incorporated in 2013, and is based in Palo Alto, California.
Rubrik's strong Q2 and AI product push overshadowed by stock selloff
▲
New AI security products with Wipro Rubrik and Wipro launched Enterprise Resilience as a Service and Rubrik Agent Identity, expanding AI-driven cyber resilience. This strengthens Rubrik's product story and positions it for future growth, supporting higher revenue expectations and a higher stock price over time.
This is a new product launch that expands Rubrik's addressable market and supports its growth narrative.
▲
Q2 results beat and guidance raised Rubrik reported Q2 revenue of $427.3M (up 38%) and adjusted EPS of $0.20, beating estimates. Subscription ARR rose 33% to $1.66B, and full-year revenue guidance was raised to $1.685-1.693B. Strong demand for AI-driven cyber resilience supports the stock fundamentally.
These are the core financial results that show accelerating growth and improved profitability, key drivers of long-term value.
▼
Stock falls despite strong results Rubrik shares dropped 9-11% after earnings, likely due to profit-taking or valuation concerns. The stock had run up ahead of results, and some investors may have expected even more. This short-term price move doesn't change the strong business fundamentals.
The sharp selloff despite good news is a key market reaction that explains recent price weakness.
▼
Gross margin slightly misses Rubrik's non-GAAP gross margin of 81% missed the 81.7% estimate, contributing to the stock decline. While still high, the miss suggests some cost pressure or mix shift. Investors watch margins closely for signs of profitability progress.
This is a specific financial metric that disappointed and added to the negative stock reaction.
Q3 2026
▲2▼2
Rubrik's strong Q2 and AI product push overshadowed by stock selloff
▲
New AI security products with Wipro Rubrik and Wipro launched Enterprise Resilience as a Service and Rubrik Agent Identity, expanding AI-driven cyber resilience. This strengthens Rubrik's product story and positions it for future growth, supporting higher revenue expectations and a higher stock price over time.
This is a new product launch that expands Rubrik's addressable market and supports its growth narrative.
▲
Q2 results beat and guidance raised Rubrik reported Q2 revenue of $427.3M (up 38%) and adjusted EPS of $0.20, beating estimates. Subscription ARR rose 33% to $1.66B, and full-year revenue guidance was raised to $1.685-1.693B. Strong demand for AI-driven cyber resilience supports the stock fundamentally.
These are the core financial results that show accelerating growth and improved profitability, key drivers of long-term value.
▼
Stock falls despite strong results Rubrik shares dropped 9-11% after earnings, likely due to profit-taking or valuation concerns. The stock had run up ahead of results, and some investors may have expected even more. This short-term price move doesn't change the strong business fundamentals.
The sharp selloff despite good news is a key market reaction that explains recent price weakness.
▼
Gross margin slightly misses Rubrik's non-GAAP gross margin of 81% missed the 81.7% estimate, contributing to the stock decline. While still high, the miss suggests some cost pressure or mix shift. Investors watch margins closely for signs of profitability progress.
This is a specific financial metric that disappointed and added to the negative stock reaction.
News & notes movingRBRK
United States
Artificial Intelligence
Nvidia's Jensen Huang Caps Q3 With Record $150 Billion Buyback
Nvidia CEO Jensen Huang closed out a blockbuster third quarter in which Nvidia's stock rose about 19% and the company announced the largest stock buyback in history at $150 billion, bringing its total buyback program to $235 billion. Huang also joined other tech executives at a White House AI safety gathering, where his signature drew attention on social media, and appeared at a state dinner with the president. On the company's August earnings call, Huang said growth could exceed 100% next year. Separately, Rubrik CEO Bipul Sinha told Yahoo Finance that AI carries 1000 times more opportunities and 1000 times more risk, and warned that much of the Fortune 500 still runs on legacy technology as AI-powered attacks expand the threat surface. Micron and SanDisk were also in focus on Micron's earnings day, with both trading at single-digit forward earnings multiples despite triple-digit revenue growth.
NVDA · Capital · Positive Nvidia announced the largest stock buyback in history at $150 billion, bringing its total program to $235 billion.
RBRK · Technology · Neutral Rubrik CEO commented that AI carries 1000x more opportunities and risk, with Fortune 500 still on legacy tech as AI-powered attacks expand.
Rubrik Beats Q2 Estimates, Raises Full-Year Outlook
Rubrik reported second-quarter fiscal 2027 results that exceeded all guided metrics, marking its tenth consecutive quarter of outperformance as a public company. Subscription ARR reached $1.66 billion, up 33% year-over-year, with net new subscription ARR of approximately $96 million, accelerating growth. Subscription revenue grew 37% to $407.2 million, and total revenue rose 38% to $427.3 million. The company also reported free cash flow of $65.7 million and raised its full-year subscription ARR guidance to $1.88 billion to $1.885 billion, reflecting about 29% growth. CEO Bipul Sinha highlighted the growing demand for agentic cyber resilience, citing the recent Hugging Face incident and the rise of AI-driven attacks, and noted that Rubrik now has over 15 paying customers for its Rubrik Agent Cloud product. CFO Kiran Choudary confirmed that the Strata Identity acquisition contributed zero ARR in the quarter and is not included in guidance.
Elastic and PagerDuty Surge on Earnings, Software Stocks Mixed
Elastic and PagerDuty shares surged on Friday following their latest earnings results, as enterprise software stocks showed mixed action. Elastic, the Amsterdam-based search and AI platform, rocketed about 19% by noon trading after reporting first-quarter fiscal 2027 results on Thursday. PagerDuty popped up about 9% after beating estimates for its second quarter fiscal 2027 and announcing plans to cut about 15% of its workforce. Meanwhile, the iShares Expanded Tech-Software Sector ETF inched down 0.7% but has gained over 20% in the past month. ServiceNow shares rose 3.5%, with CFO Gina Mastantuono citing $500 million in AI efficiencies this year and an AI business crossing $1 billion in Q2. Cybersecurity stocks were mostly in the red, led by Rubrik sinking 11% despite strong Q2 results, while SentinelOne dropped 8.5% and Palo Alto Networks slid 4%.
PayPal Plunges on Failed Buyout; Affirm, Gap Surge Premarket
PayPal shares plunged nearly 16% premarket after Bloomberg reported that buyout firm Advent and payment processor Stripe decided not to pursue a takeover, which would have been one of the largest leveraged buyouts. Meanwhile, Affirm jumped 13% after reporting $1.17 billion in revenue for its fiscal fourth quarter, beating the LSEG estimate of $1.11 billion, and issued first-quarter revenue guidance above estimates. Gap popped nearly 15% after announcing Michael Francis will become CEO of Old Navy starting Nov. 2, succeeding Haio Barbeito, and reported second-quarter adjusted earnings of 52 cents per share, topping the 48-cent consensus. Elastic N.V. surged over 17% after its full-year guidance exceeded expectations, with adjusted EPS forecast between $3.29 and $3.37 versus the $3.24 estimate. Marvell Technology dropped nearly 8% despite guiding current-quarter adjusted earnings to $1.10 per share plus or minus 5 cents, above the $1.07 estimate, but its gross margin guidance of 57.5% to 58.5% came in below the StreetAccount consensus of 58.5%. Rubrik fell over 5% after its non-GAAP gross margin of 81% missed the 81.7% estimate, despite beating on earnings and revenue. Autodesk declined nearly 4% after its third-quarter adjusted EPS guidance of $3.04 to $3.09 fell short of the $3.14 consensus.
PYPL · Capital · Negative Advent and Stripe decided not to pursue a takeover, causing PayPal shares to plunge nearly 16% premarket.
RBRK · Capital · Negative Rubrik's non-GAAP gross margin of 81% missed the 81.7% estimate, despite beating on earnings and revenue, leading to a 5% decline.
PayPal plunges as Stripe, Advent abandon buyout; Elastic, Affirm surge
Stock futures were mixed Friday as investors awaited Federal Reserve Chair Kevin Warsh's keynote speech at Jackson Hole, with energy market pressures and U.S.-Iran uncertainty capping risk appetite. Elastic shares jumped 21% after the software firm beat FQ1 estimates, guiding Q2 revenue to $486M-$487M and raising its FY2027 outlook to $1.998B-$2.010B with adjusted EPS of $3.29-$3.37. Affirm Holdings rose 9% on strong FQ4 results and an upbeat FY2027 forecast, including GMV above $64B and adjusted operating margin over 30.5%. PayPal tumbled 13% after a consortium of Advent and Stripe abandoned its pursuit, which had offered more than $50B for the fintech. Rubrik fell 8% despite beating Q2 estimates and raising guidance, while Marvell Technology dropped 8% even after topping Q2 expectations with record revenue of $2.739B and strong AI-driven outlook.
Rubrik Raises FY2027 Subscription ARR Outlook to $1.88B-$1.885B
Rubrik, Inc. (RBRK) reported strong fiscal second-quarter results and raised its full-year guidance, with subscription ARR reaching $1.66 billion and free cash flow of $65.7 million. The company now expects fiscal 2027 subscription ARR of $1.88 billion to $1.885 billion, up from a prior range of $1.854 billion to $1.862 billion, and free cash flow of $323 million to $333 million, up from $293 million to $303 million. For the third quarter, Rubrik guided revenue of $429 million to $431 million and non-GAAP EPS of $0.07 to $0.09. CEO Bipul Sinha attributed demand to AI-driven security needs, highlighting the company's push into "agentic cyber resilience," while CFO Kiran Choudary noted a $18 million headwind from material rights revenue. Analysts questioned the implied deceleration in net new ARR, but management expressed confidence, noting zero ARR contribution from the Strata acquisition and more than 15 paying customers for Rubrik Agent Cloud.
In extended trading, Gap shares jumped about 7% after the company announced Michael Francis will become CEO of Old Navy starting Nov. 2, succeeding Haio Barbeito, and reported second-quarter adjusted earnings of 52 cents per share, beating the LSEG consensus of 48 cents. Marvell Technology was marginally lower despite beating expectations with adjusted earnings of 94 cents per share on $2.74 billion in revenue, versus the anticipated 93 cents and $2.71 billion. Workday dropped 5.7% after its current-quarter subscription revenue outlook only matched analyst expectations, though it surpassed estimates on both top and bottom lines for the second quarter. Rubrik tumbled 10% despite beating analyst expectations for the second quarter and hiking its guidance, reporting adjusted earnings of 20 cents per share on $427 million in revenue, versus the expected 4 cents and $396 million. Autodesk slid 6% after its earnings projections disappointed, with third-quarter adjusted earnings guidance of $3.04 to $3.09 per share below the $3.14 consensus, and full-year guidance of $12.52 to $12.60 per share versus the $12.60 anticipated. Elastic N.V. surged 15% after full-year guidance topped expectations, with adjusted earnings of $3.29 to $3.37 per share on revenue of $1.998 billion to $2.010 billion, beating the $3.24 and $1.99 billion estimates. SentinelOne shed almost 7% after issuing a weak current-quarter and full-year earnings outlook, overshadowing a stronger-than-expected second-quarter report.
Rubrik Partners With Wipro on Enterprise Resilience as a Service
Rubrik is back in focus after partnering with Wipro on Enterprise Resilience as a Service, a new offering built on Rubrik's cyber and data resilience platform to address complex recovery and continuity needs. The stock trades at US$96.73, with a 7 day share price return of 14.05% and a 90 day share price return of 54.03%, while the 1 year total shareholder return is 9.82%. Rubrik's most widely followed narrative pegs fair value at $95.50, just below the recent close, while a discounted cash flow model comes out at $100.80, implying the stock is trading about 4% below that estimate. Bulls argue Rubrik's AI security push and recent share price jump justify a premium, while bears point to ongoing losses and rich expectations.
Rubrik Announces $500 Million UK Investment and London European Headquarters
Rubrik announced a $500 million investment in the UK over the next five years and the establishment of its European headquarters in London. The investment aims to support the company's local ecosystem, helping organizations across Europe address data sovereignty needs and recover from cyberattacks. This follows Rubrik's recent integration with the AWS European Sovereign Cloud to provide secure cyber resilience for highly regulated industries and the public sector. The company is also expanding its focus to include AI resilience, developing security guardrails and rewind features to reverse unintended actions by AI tools.
Everpure's Resilient Liquidity Position Outpaces Its Competitors
Everpure ended the first quarter of fiscal 2027 with a cash balance of $1.5 billion and a net-cash position that eliminates short-term liquidity risk, supported by a current ratio of 1.62. Excluding $1.2 billion in deferred revenues, the adjusted current ratio rises to 4.79, while remaining performance obligations of $3.8 billion underscore future cash stability. Subscription annual recurring revenues surged 19% year-over-year to $2 billion, and free cash flow reached $112 million on $180 million in operating cash flow. In contrast, Nutanix holds $2 billion in cash but carries $1.3 billion in long-term debt and negative total shareholder equity of $725 million, while Rubrik has $1.7 billion in cash against $1.1 billion in long-term debt and negative equity of $481 million, with subscription ARR of $1.6 billion trailing Everpure's position.
P · Capital · Positive Article highlights Everpure's strong cash position, high current ratio, and subscription ARR growth, indicating financial strength and reduced liquidity risk.
NTNX · Competition · Negative Article contrasts Everpure's strong liquidity and subscription ARR growth with Nutanix's debt and negative equity, implying competitive disadvantage.
RBRK · Competition · Negative Article contrasts Everpure's strong liquidity and subscription ARR growth with Rubrik's debt, negative equity, and lower subscription ARR, implying competitive disadvantage.
Rubrik expands Cognizant alliance and integrates with Amazon Bedrock AgentCore
Rubrik has expanded its alliance with Cognizant and announced an upcoming Rubrik Agent Cloud integration with Amazon Bedrock AgentCore, aiming to deliver real-time AI governance, rollback capabilities, and unified policy control for enterprises running autonomous agents on AWS and Cognizant platforms. These moves position Rubrik as a core infrastructure provider for governing AI agents at scale, particularly in heavily regulated sectors where traceability, policy enforcement, and operational control are becoming central requirements. The announcements reinforce the existing growth outlook behind raised fiscal 2027 revenue guidance and support the recent share price rebound, though any financial impact is likely to build over time. Key risks include execution with global system integrators, intensifying competition, and the path to profitability given negative equity and continued net losses.
Cybersecurity & Digital Trust › AI Security & Agent Guardrails ▲Technology
Artificial Intelligence › Agentic AI & Autonomous Workflows Technology
Artificial Intelligence › AI Applications & Copilots Competition
Cloud & Digital Infrastructure › Horizontal SaaS Competition
RBRK · Demand · Positive Rubrik's new integrations and alliance expansion directly boost its product demand and growth outlook.
CTSH · Demand · Positive Expanded alliance with Rubrik enhances Cognizant's AI governance offerings, potentially driving demand for its services.
AMZN · Demand · Positive Rubrik's integration with Amazon Bedrock AgentCore positions AWS as a platform for AI governance, potentially increasing demand for AWS services.
Rubrik reported fiscal first-quarter 2027 revenue of $387.07 million, beating estimates of $366.32 million, and earnings per share of $0.16, topping expectations of a negative $0.03. The company achieved record net new subscription annual recurring revenue of $103 million and raised its full-year revenue guidance to between $1.64 billion and $1.65 billion, citing demand for cyber resilience and AI-driven security solutions. Separately, Rubrik announced an upcoming integration of its Agent Cloud platform with Amazon Bedrock AgentCore to bring enterprise-grade security controls into AI agent workflows.
USA
