Rubrik’s AI-Driven Earnings Surprise Sparks Market Rally
Rubrik shares surged 16% in after-hours trading after the data security firm posted a surprise quarterly profit and raised its full-year revenue guidance. The company reported $0.10 EPS versus expectations of a $0.17 loss, with revenue climbing 48% year-over-year to $350.2 million.
Subscription growth tells the strategic story - annual recurring revenue reached $1.35 billion, fueled by enterprise demand for AI-compatible security solutions. The 34% ARR growth and 27% expansion in six-figure customers demonstrate Rubrik's positioning at the convergence of cybersecurity and artificial intelligence infrastructure.