Why Is Rubrik (RBRK) Stock Falling After a Beat-and-Raise Quarter?
TLDR
- Rubrik posted Q2 revenue of $427.3 million, up 38% year-over-year
- Adjusted EPS swung to a profit of 20 cents, from a loss of 3 cents a year ago
- Subscription ARR rose 32.6% to $1.66 billion, beating estimates
- Full-year fiscal 2027 revenue guidance raised to $1.685B-$1.693B
- RBRK stock dropped more than 8% in premarket trading Friday despite the beat
Rubrik reported second-quarter results that beat expectations across the board, but the stock still fell sharply in premarket trading Friday. RBRK dropped more than 8% despite the company raising its full-year outlook.
Revenue for the quarter ended July 31 came in at $427.3 million, up 38% from $309.9 million in the same period last year.
Adjusted diluted EPS hit 20 cents, a sharp turnaround from a loss of 3 cents per share in the year-ago quarter.
RUBRIK $RBRK Q2โ27 EARNINGS HIGHLIGHTS
๐น Revenue: $427.3M (Est. $396M) ๐ข; +38% YoY
๐น Adj. EPS: $0.20 (Est. $0.04) ๐ข
๐น Subscription ARR: $1.66B; +33% YoY
๐น FCF: $65.7M (Est. $39.7M) ๐ข; +14% YoYโฆ Continue reading the full article at the original source below.
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