Rubrik (RBRK) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and Rubrik published the results on August 27, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Rubrik reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP diluted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Rubrik's fiscal year ends January 31. Q2 fiscal 2027 is the three months ended July 31, 2026.
• Revenue includes $4.7 million from material rights (Subscription Credits) in Q2 fiscal 2027, against $14.2 million a year earlier. Rubrik says revenue normalized for material rights grew 43%.

Source: Rubrik Q2 fiscal 2027 results, August 27, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How Rubrik splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Rubrik's Subscription revenue was $407 million in Q2 fiscal 2027, up 37% from $297 million in Q2 fiscal 2026, 95% of total revenue.
• Rubrik's Other revenue was $20.1 million in Q2 fiscal 2027, up 56% from $12.9 million in Q2 fiscal 2026, 5% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q2 fiscal 2027 release, Rubrik said:

“Revenue of $429 million to $431 million.”

“Non-GAAP net income per share of $0.07 to $0.09.”

“Subscription ARR between $1,880 million and $1,885 million.”

“Free cash flow of $323 million to $333 million.”

Source: Rubrik Q2 FY27 release, Aug 27, 2026.

This is the company's own guidance as of Aug 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the RBRK forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenue and net loss per share, each as first reported in that quarter's release. Rubrik announced preliminary Q4 fiscal 2026 results on February 4, 2026 and full results on March 12, 2026.

Rubrik's next report is expected around December 3, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Aug 27, 2026

Rubrik's revenue is almost all subscription: $407.2 million of $427.3 million in Q2 fiscal 2027, up 37% from $297.0 million. Other revenue, mainly Rubrik-branded appliances and professional services, was $20.1 million, up 56%, which Rubrik put down to higher hardware sales in regions such as APAC that have not fully moved to its contract manufacturers. (Rubrik Q2 FY27 release, Aug 27, 2026; Rubrik Form 10-Q, Q2 FY27, Sep 1, 2026)

Rubrik said subscription revenue growth came from growth in Subscription ARR and higher upfront revenue from term-based licenses for its RSC-Private suite. Subscription ARR reached $1.66 billion at July 31, 2026, up 33%, and Cloud ARR, its cloud-based subscriptions, $1.48 billion, up 39%. Revenue included $4.7 million from material rights, down from $14.2 million a year earlier, and Rubrik says revenue normalized for material rights grew 43%. (Rubrik Q2 FY27 release, Aug 27, 2026; Rubrik Form 10-Q, Q2 FY27, Sep 1, 2026)

The Americas brought in $298.6 million of the quarter's revenue, EMEA $105.8 million and APAC $22.9 million. The United States alone was $287.5 million, or 67% of total revenue, against 70% a year earlier. (Rubrik Form 10-Q, Q2 FY27, Sep 1, 2026)

Rubrik sells mostly through channel partners. Its three largest, Arrow Enterprise Computing Solutions, Exclusive Networks and Ingram Micro, together generated approximately 68% of revenue in fiscal 2026. Remaining performance obligations were approximately $2.62 billion at July 31, 2026, about 53% of which Rubrik expects to recognize over the next 12 months. (Rubrik Form 10-Q, Q2 FY27, Sep 1, 2026)

Rubrik reported a GAAP net loss of $0.30 per share in Q2 fiscal 2027, narrower than $0.49 a year earlier, and non-GAAP diluted EPS of $0.20 against a non-GAAP loss of $0.03. The gap is mostly stock-based compensation: $101.0 million in the quarter, which the non-GAAP figures add back along with amortization of acquired intangibles ($3.2 million) and debt issuance costs ($1.1 million). (Rubrik Q2 FY27 release, Aug 27, 2026)

Rubrik's GAAP loss per share uses 206.1 million weighted-average shares, while non-GAAP diluted EPS uses 226.8 million because it includes dilutive securities in a profitable period. GAAP net loss was $61.8 million, against $95.9 million a year earlier. Interest income was $16.4 million on cash, cash equivalents and short-term investments of $1.75 billion. (Rubrik Q2 FY27 release, Aug 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Rubrik gives quarterly and full-year guidance in its release. For Q3 fiscal 2027 it guided revenue of $429 million to $431 million, a non-GAAP subscription ARR contribution margin of approximately 14% and non-GAAP EPS of $0.07 to $0.09, on approximately 230 million weighted-average shares. (Rubrik Q2 FY27 release, Aug 27, 2026)

Rubrik raised its fiscal 2027 outlook to Subscription ARR of $1,880 million to $1,885 million, revenue of $1,685 million to $1,693 million, non-GAAP EPS of $0.47 to $0.53 and free cash flow of $323 million to $333 million. It does not give a GAAP EPS outlook, saying it cannot reconcile non-GAAP guidance without unreasonable effort. (Rubrik Q2 FY27 release, Aug 27, 2026)

A consensus figure is the average of the models published by the analysts who cover Rubrik, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Rubrik's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning RBRK is on is RBRK a buy or a sell?, what analysts expect next is on the RBRK forecast, and what the company does is on the Rubrik (RBRK) stock page.

Every number on this page can be traced to a document Rubrik published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.