Rubrik Leans Into AI Threats with 'AI Agents Are Attacking Us' Framing

Rubrik Inc. (NYSE:RBRK) raised its outlook following strong second-quarter results and accelerating net new subscription growth, while placing artificial intelligence at the center of its cyber resilience strategy.

CEO Bipul Sinha warned during Thursday’s earnings call, “Today AI agents are attacking us. These autonomous agents use AI for vulnerability chaining to find the right malicious combination to intrude, breach and encryption at machine speed.”

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Q2 Results Beat Estimates

Rubrik reported quarterly earnings of 22 cents per share, well above the four-cent analyst consensus estimate.

Quarterly revenue reached $427.26 million, beating the $396.278 million estimate. Subscription revenue increased 37% year over year to $407.2 million from $297 million.

Subscription ARR reached $1.66 billion, up 33%, with approximately $96 million in net new subscription ARR.

AI Integration

Management said increasingly autonomous threats are pushing customers toward rapid recovery and resilience rather than relying solely on prevention.

Rubrik Agent Cloud has more than 15 paying customers, with proof-of-concept engagements converting into production deployments.

However, management assumes only a minimal contribution from RAC to the fiscal 2027 ARR as it continues to refine product-market fit.

Growth Remains Organic

Management clarified that the recent Strata Identity acquisition contributed zero subscription ARR in the quarter and that fiscal 2027 guidance assumes no ARR contribution from Strata.

Subscription revenue rose 37% to $407 million, while subscription net retention remained above 119%. Subscription ARR contribution margin improved about 460 basis points year over year, and free cash flow reached $66 million.

CFO Kiran Choudhary also said hardware costs and supply constraints had no material impact on subscription ARR, as investors tracked separate developments including an earlier institutional stake disclosure.

New Growth Drivers Emerge

Non-cloud deployments are becoming another growth driver as governments and regulated industries seek sovereign infrastructure.

Management said the business also carries higher margins because customers self-host the software.Identity Resilience also remains lightly penetrated across Rubrik’s customer base.

The company closed its largest international identity deal to date during the quarter, helping an existing customer target recovery in hours rather than the previous roughly seven days.

What It Means From Here

Rubrik raised its fiscal 2027 adjusted EPS outlook to 47 cents-53 cents, above the 31 cent analyst estimate.

The company also lifted its revenue guidance to $1.685 billion-$1.693 billion, topping the $1.65 billion estimate.

RBRK Stock Price Activity: Rubrik stock was down 10.75% to $95.51 at publcation on Friday, according to Benzinga Pro data.

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