Revenue jumps 38% while subscription ARR reaches $1.66 billion and management forecasts stronger growth and cash generation
Rubrik (RBRK) delivered a stronger-than-expected fiscal second-quarter 2027 report, beating Wall Street estimates across several key metrics and raising its full-year outlook as demand for its cybersecurity and data protection platform continues to expand.
Second-quarter revenue climbed 38% year over year to $427.3 million, well above analysts’ estimate of $396 million. Adjusted earnings reached $0.20 per share, significantly exceeding expectations of just $0.04.
Subscription annual recurring revenue increased 33% to $1.66 billion, while Cloud ARR jumped 39% to $1.48 billion. Rubrik also reported free cash flow of $65.7 million, ahead of the $39.7 million expected by analysts.
The company ended the quarter with 3,084 customers generating more than $100,000 in subscription ARR, representing 23% year-over-year growth.
Following the strong quarter, Rubrik raised its fiscal 2027 revenue forecast to between $1.685 billion and $1.693 billion, above the $1.64 billion consensus estimate. Adjusted EPS is now expected between $0.47 and $0.53, while free cash flow is projected at $323 million to $333 million.
For the third quarter, Rubrik expects revenue between $429 million and $431 million, also exceeding Wall Street’s $418 million forecast.
Management highlighted artificial intelligence as an increasingly important long-term growth opportunity, saying the company remains in the “early innings” of AI acceleration. Rubrik recently launched Rubrik AI and acquired Strata.io as it expands its security capabilities.
With accelerating recurring revenue, improving margins and stronger cash generation, Rubrik’s Q2 results reinforce its growing position in enterprise cybersecurity while its raised outlook signals confidence that momentum can continue through the remainder of fiscal 2027.
