Rubrik, Inc. Q1 FY26 Results — Earnings Call Analysis
Published 29 May 2026 | Software | Market Cap: ₹14.5K Cr
- Fiscal 2027 guidance projects subscription ARR growth of approximately 25% to 26%, reaching $1.829 billion to $1.839 billion. - For Q1 fiscal 2027, Rubrik expects non-GAAP earnings per share (EPS) of negative $0.04 to negative $0.02.
From Rubrik, Inc.'s Q1 FY26 earnings-call transcript · updated 29 May 2026.
Price
₹70.32
Market Cap
₹14.5K Cr
P/E Ratio
117.2
Revenue Rank
Margin Rank
How does Rubrik, Inc. rank in Software?
Compare Rubrik, Inc. against every Software company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 2- →Fiscal 2027 guidance projects subscription ARR growth of approximately 25% to 26%, reaching $1.829 billion to $1.839 billion.
- →Total revenue expected to grow about 27% to 28%, totaling $1.597 billion to $1.607 billion.
- →Q1 fiscal 2027 revenue is forecasted between $365 million to $367 million, up roughly 31% to 32% year-over-year.
- →Momentum driven by strong customer adoption, including scaling of emerging products like Identity Resilience and Rubrik Agent Cloud.
- →Continued investments planned in R&D and go-to-market efforts targeting high ROI regions and verticals.
- →Strong pipeline with record net new subscription ARR in Q4 ($115 million) signifying accelerated growth.
- →The company is focused on expanding AI-related offerings, anticipating productive AI transformation opportunities in enterprises.
- →Customer base with >$100k ARR increased 25%, large accounts contributing heavily to future revenue growth.
📈 Profitability & Margins
Rank 3- →For Q1 fiscal 2027, Rubrik expects non-GAAP earnings per share (EPS) of negative $0.04 to negative $0.02.
- →For full-year fiscal 2027, the company forecasts non-GAAP EPS between $0.07 and $0.27.
- →Subscription ARR contribution margins are expected to be approximately 10%-11% in Q1 and about 13% for the full fiscal year 2027.
- →Free cash flow is projected between $265 million and $275 million for full-year fiscal 2027.
- →The guidance reflects continued investments in R&D and go-to-market efforts targeting high-ROI regions and verticals, especially around Identity Resilience and Agent Cloud.
- →Despite some macro uncertainties (e.g., hardware supply), Rubrik expects robust growth with subscription ARR forecasted at $1.829 billion to $1.839 billion (25%-26% YoY growth) and total revenue of $1.597 billion to $1.607 billion (27%-28% growth normalized).
🏗️ Capital Expenditure Plans
Yes- →Rubrik plans to continue making operational investments focused on two key areas:
- → - **R&D Investment:** To accelerate innovation in large but developing markets of data, security, and AI.
- → - **Go-to-Market Investment:** Specifically targeting regions and verticals offering the most attractive ROI, scaling newer innovations such as Identity Resilience platform and Rubrik Agent Cloud.
- →There is also active development and product adaptation underway for emerging opportunities such as:
- → - Sovereign Cloud, addressing data sovereignty requirements influenced by geopolitical shifts.
- → - Agentic operation management and control for AI agents, focusing on real-time dynamic guardrails.
- →These strategic investments reflect a commitment to long-term growth, innovation, and expanding Rubrik’s market presence in cyber resilience and AI transformation.
💰 Fundraising & Capital Structure
No information- →The transcript does not mention any current or planned new fundraising through debt or equity.
- →The company ended the fourth quarter with a strong cash position of $1.7 billion in cash, equivalents, restricted cash, and marketable securities.
- →They have $1.1 billion in convertible debt outstanding.
- →Guidance and investments moving forward focus on R&D and go-to-market expansion without indicating new capital raises.
- →The company emphasizes operational investments funded by existing resources and cash flow generation.
- →No specific statements or plans regarding issuing new debt or equity were disclosed in the call.
📋 Order Book & Pipeline
Yes- →The transcript does not explicitly mention a specific current or expected order book or pending orders value.
- →There is emphasis on record net new subscription ARR growth, with $115 million added in Q4, reflecting strong demand and sales momentum.
- →The company highlights broad momentum in both large and small deals, indicating a healthy pipeline.
- →Management notes the nature of enterprise software sales with deals closing both earlier and later, suggesting variability in order timing but consistent net new ARR annually.
- →Strong customer adoption evidenced by increases in customers with ARR over $100k and $1 million indicates expanding commercial traction.
- →No direct data on backlog or order book figures is provided on page 12 or adjacent pages.
Key Metrics
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Frequently Asked Questions
What were Rubrik, Inc. Q1 FY26 results?
- Fiscal 2027 guidance projects subscription ARR growth of approximately 25% to 26%, reaching $1.829 billion to $1.839 billion. - For Q1 fiscal 2027, Rubrik expects non-GAAP earnings per share (EPS) of negative $0.04 to negative $0.02.
What is Rubrik, Inc. share price analysis?
Rubrik, Inc. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 117.2 with a market cap of $14,473. Investors should review the full earnings analysis for detailed insights.
Is Rubrik, Inc. planning capital expenditure?
- Rubrik plans to continue making operational investments focused on two key areas: - **R&D Investment:** To accelerate innovation in large but developing markets of data, security, and AI.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.