TLDR
- Rubrik delivered Q4 adjusted earnings per share of $0.04, surpassing the -$0.11 forecast by $0.15.
- Quarterly revenue climbed to $377.7 million, representing 46% year-over-year growth and exceeding the $350.56 million consensus.
- Subscription annual recurring revenue totaled $1.46 billion, boosted by a quarterly record of $115 million in net new subscription ARR.
- Fiscal 2027 full-year revenue outlook of $1.602 billion at midpoint surpassed the $1.58 billion analyst consensus.
- Shares climbed approximately 5% during extended trading hours after the announcement.
Rubrik delivered standout fourth-quarter fiscal 2026 performance. The cybersecurity company’s results exceeded analyst projections on all key metrics, while its forward-looking guidance for the upcoming fiscal year surpassed Street expectations.
The company’s adjusted earnings per share of $0.04 beat forecasts by $0.15, compared to the expected -$0.11. Total revenue of $377.7 million outpaced the $350.56 million projection and represented a 46% increase compared to the prior-year quarter.
During the three-month period, Rubrik secured a quarterly record of $115 million in net new subscription ARR. Overall subscription ARR expanded 34% year-over-year to reach $1.46 billion.
Chief Executive Officer Bipul Sinha highlighted that the surge in net new subscription ARR growth “at our scale demonstrates that Rubrik is an increasingly critical platform for the AI era.”
The company’s adjusted gross margin expanded to 83.7% during the fourth quarter, compared to 79.7% in the corresponding period last year. This represents significant progress for an organization still advancing toward sustained profitability.
Rubrik concluded the quarter serving 2,805 customers contributing $100,000 or more in subscription ARR, marking a 25% year-over-year increase. The company generated free cash flow of $70.1 million for the period, slightly trailing the $75.2 million reported in Q4 fiscal 2025.
Forward Outlook Beats Projections
For the first quarter of fiscal 2027, Rubrik issued revenue guidance ranging from $365 million to $367 million. The $366 million midpoint exceeded the $349.5 million analyst estimate. The company’s adjusted EPS outlook of -$0.04 to -$0.02 also beat the -$0.07 consensus projection.
Looking at the complete fiscal 2027 year, management forecasts revenue between $1.597 billion and $1.607 billion. The $1.602 billion midpoint exceeds the $1.58 billion Street consensus. Annual adjusted EPS guidance spanning $0.07 to $0.27 captures the $0.07 analyst estimate at its lower boundary.
Shares rose approximately 5% in extended trading following the earnings release.
Wall Street Coverage and Trading Activity
Despite the after-hours gain, RBRK faced selling pressure during regular market hours. The stock declined $3.09 to close at $54.43 on elevated volume of approximately 8 million shares, well above the 3.79 million average. The current price remains significantly below the 12-month peak of $103.00.
Wall Street sentiment remains generally constructive. KeyCorp maintains an “overweight” rating with an $80 price objective, revised down from $95. Piper Sandler similarly assigns an “overweight” rating with a $99 target. The consensus among 25 covering analysts stands at “Moderate Buy” with an average price target of $98.68.
Company insiders divested roughly 247,878 shares valued at approximately $18.15 million during the trailing 90-day period. Insider ownership remains substantial at 32.38% of outstanding shares. Institutional investors control 49.54% of the company.
Technically, the stock’s 50-day moving average stands at $60.02, while its 200-day moving average sits at $72.22.
