Rubrik Raises FY2027 Subscription ARR Outlook to $1.88B-$1.885B

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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.

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Rubrik, Inc.
RBRK
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Raises FY2027 subscription ARR and free cash flow guidance, with strong Q2 results.

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