Rubrik Shares Climb On Better-Than-Expected Q1 Results, Raised Fiscal Outlook
1. Rubrik's Q1 earnings beat analyst expectations on losses and revenue. 2. Subscription annual recurring revenue surged 38% year-over-year to $1.18 billion. 3. Non-GAAP gross margin increased significantly to 80.5% from 75.4%. 4. Fiscal 2026 revenue guidance raised to $1.18-$1.19 billion, exceeding estimates. 5. Stock rose 2.47% to $101 after earnings announcement.