Rubrik (NYSE:RBRK) shares rose nearly 5% after the cloud data security company reported fourth quarter and full-year fiscal 2026 results that exceeded Wall Street expectations and issued stronger-than-anticipated guidance for fiscal 2027.
For the fourth quarter ended January 31, 2026, the company reported adjusted earnings per share (EPS) of $0.04, compared with analyst expectations for a loss of $0.11 per share.
Revenue came in at $377.7 million, well above the consensus estimate of roughly $342 million and representing 46% year-over-year growth.
Subscription revenue totaled $364.9 million, up 50% from the same period last year.
The company also continued to expand its recurring revenue base, with subscription annual recurring revenue (ARR) increasing 34% year over year to $1.46 billion.
Rubrik ended the quarter with 2,805 customers generating at least $100,000 in subscription ARR, up 25% from a year earlier, reflecting increasing adoption among large enterprise clients.
Rubrik CEO Bipul Sinha said the company’s platform is becoming increasingly central to enterprise data protection as artificial intelligence adoption accelerates.
“The acceleration in net new subscription ARR growth in Q4 at our scale demonstrates that Rubrik is an increasingly critical platform for the AI era,” Sinha said in a statement.
Rubrik also issued guidance for fiscal 2027 that came in ahead of analyst forecasts. For the first quarter of fiscal 2027, the company expects revenue of $365 million to $367 million and an adjusted net loss per share of $0.04 to $0.02, compared with consensus estimates calling for a loss per share of $0.07.
For the full fiscal year, Rubrik projected subscription ARR of $1.829 billion to $1.839 billion, representing about 26% year-over-year growth, along with revenue of $1.597 billion to $1.607 billion and adjusted EPS of $0.07 to $0.27.
Analysts at Wedbush described the quarter as another strong performance for the company. Following the report, Wedbush maintained its ‘Outperform’ rating on the stock with a $90 price target, lowered from $120 to reflect broader multiple compression across the software sector.
The analysts highlighted that Rubrik reported “massive beats across the board highlighted by strong revenue, subscription ARR, and margin performance” while also delivering fiscal 2027 guidance ahead of Street expectations.
The firm also highlighted how artificial intelligence is increasing the potential consequences of cyber breaches, reinforcing demand for Rubrik’s platform.
“AI is amplifying the consequence of every breach, reinforcing the mission-critical nature of Rubrik’s offering and driving durable subscription growth with strong NRR,” the analysts wrote.
Wedbush noted that net new subscription ARR reached roughly $115 million in the quarter, up from about $94 million in the prior period, while spending from customers with $100,000 or more in ARR continues to gain momentum as enterprises increasingly turn to Rubrik for cyber resilience.
Cloud ARR reached $1.29 billion, up 48% year over year, reflecting the continued shift of enterprise workloads toward cloud environments and AI infrastructure.
According to Wedbush, the outlook reflects strong underlying demand for cyber resilience solutions as enterprises prioritize data protection and recovery capabilities amid increasingly sophisticated cyber threats. The firm added that Rubrik’s land-and-expand strategy with large enterprise customers continues to resonate, supporting long-term growth prospects.
“We have confidence in the RBRK growth story heading into FY27 as the company continues to win larger deals as RBRK captures elevated demand for cyber resiliency through fast recovery solutions that remain a top priority for CIOs/CISOs,” the analysts wrote, adding that the company remains in the early stages of its growth opportunity within the expanding cybersecurity market.