TLDR
- Rubrik delivered Q4 adjusted EPS of $0.04, crushing the -$0.11 consensus by $0.15.
- Quarterly revenue climbed to $377.7 million, up 46% year-over-year, surpassing the $350.56 million forecast.
- Subscription ARR hit $1.46 billion, driven by a quarterly record of $115 million in net new subscription ARR.
- FY2027 revenue outlook midpoint of $1.602 billion exceeded the $1.58 billion Street consensus.
- Shares climbed approximately 5% during after-hours trading on the earnings report.
Rubrik delivered a standout quarter. The cybersecurity company reported fiscal Q4 2026 earnings that exceeded Wall Street’s expectations on all key metrics, while its forward-looking guidance for the coming fiscal year surpassed analyst projections.
The company’s adjusted earnings per share landed at $0.04, demolishing the consensus forecast of -$0.11 by a margin of $0.15. Total revenue climbed to $377.7 million, beating the anticipated $350.56 million and marking a 46% increase compared to the prior-year quarter.
Rubrik achieved a quarterly record by adding $115 million in net new subscription ARR. The company’s total subscription ARR expanded 34% year-over-year, finishing at $1.46 billion.
Rubrik, Inc., RBRK
Chief Executive Officer Bipul Sinha highlighted that the uptick in net new subscription ARR growth “at our scale demonstrates that Rubrik is an increasingly critical platform for the AI era.”
Rubrik’s adjusted gross margin showed notable expansion, reaching 83.7% in the fourth quarter versus 79.7% in the year-ago period. This represents substantial progress for a business still pursuing steady profitability.
The quarter concluded with 2,805 customers contributing at least $100,000 in subscription ARR, representing a 25% year-over-year gain. Free cash flow generated during the quarter totaled $70.1 million, modestly trailing the $75.2 million recorded in Q4 fiscal 2025.
Forward Guidance Exceeds Expectations
For the first quarter of fiscal 2027, Rubrik issued revenue guidance ranging from $365 million to $367 million. The $366 million midpoint surpassed the analyst consensus of $349.5 million. The company’s adjusted EPS forecast of -$0.04 to -$0.02 also exceeded the -$0.07 consensus estimate.
Looking at the full fiscal 2027, Rubrik anticipates revenue between $1.597 billion and $1.607 billion. The $1.602 billion midpoint tops the Street’s $1.58 billion expectation. Full-year adjusted EPS guidance spanning $0.07 to $0.27 includes the $0.07 analyst estimate at the lower boundary.
Shares responded with a roughly 5% gain in extended trading.
Market Activity and Analyst Perspectives
Despite the after-hours surge, RBRK experienced selling pressure during regular market hours. The stock declined $3.09 to close at $54.43 on elevated volume of approximately 8 million shares, significantly above the 3.79 million average. The current price remains considerably below the 12-month peak of $103.00.
Wall Street analysts maintain generally favorable views. KeyCorp carries an “overweight” rating with a $80 price objective, reduced from a prior $95 target. Piper Sandler similarly maintains an “overweight” stance with a $99 target. The aggregate consensus from 25 analysts stands at “Moderate Buy” with a mean price target of $98.68.
Company insiders have divested roughly 247,878 shares valued at approximately $18.15 million during the last 90 days. Insider ownership remains at 32.38% of outstanding shares. Institutional investors hold 49.54% of the company.
The stock’s 50-day moving average currently sits at $60.02, while the 200-day moving average stands at $72.22.
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