CrowdStrike and Rubrik deliver strong Q2 growth and announce a strategic identity security partnership, with CrowdStrike also securing a new AI integration with OpenAI.
CrowdStrike reported strong Q2 FY2027 earnings with 26% revenue growth and record cash flow, received a price target increase from Raymond James, and deepened AI partnerships with OpenAI and Rubrik, reinforcing its leadership in endpoint and identity security.
Rubrik delivered 38% revenue growth in Q2 FY2027, beating top-line expectations, and announced a strategic alliance with CrowdStrike, though GAAP unprofitability remains a risk.
Cybersecurity leaders CrowdStrike and Rubrik reported strong Q2 FY2027 results, highlighted by 26% and 38% revenue growth respectively. The firms announced a strategic alliance to integrate identity resilience workflows, while CrowdStrike further expanded its AI capabilities through a new partnership with OpenAI.
The partnership integrates CrowdStrike's Falcon Next-Gen Identity Security with Rubrik's Identity Resilience, allowing joint customers to detect and recover from compromised identity environments in hours rather than days.
CrowdStrike operates at a larger scale with $5.84 billion in ARR and positive GAAP net income, while Rubrik is a hyper-growth challenger with 38% top-line growth but remains unprofitable on a GAAP basis.