Rubrik, Inc. (NYSE:RBRK) is one of the 11 Best Stocks to Buy for Investment. As of January 27, Rubrik shares have soared by more than 41% over the past six months. 25 of 24 analysts covering RBRK rate the stock a Buy, with a median price target of $110. This represents a potential upside of over 71%. Rubrik Focuses on Global AI Transformation, Creates An Exclusive Community of Executives On January 15, the company announced the launch of Rubrik CXO Visionaries. Rubrik has created an exclusive community ...

Lam Research (NasdaqGS:LRCX) Q2 2026 Earnings call January 28, 2026 05:00 PM ET Speaker9Good day, and welcome to the Lam Research Corporation December 2025 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on a touch-tone phone. To withdraw your question, pl ...

Core Insights - Rubrik (NYSE: RBRK) reported strong fiscal Q3 results, exceeding expectations in both revenue and profitability, leading to a significant stock price increase in after-hours trading [3][5][10] Financial Performance - Revenue reached $350.2 million, surpassing the consensus estimate of $325.6 million, marking a 48% year-over-year increase [6][11] - Subscription revenue grew by 52% to $336.4 million, indicating effective scaling of the business model [6][11] - The company achieved a non-GAAP EPS of $0.10, compared to an expected loss of $0.17, marking a significant positive surprise [5][11] - Free cash flow surged to $76.9 million, up 394% year-over-year, while operating cash flow was reported at $85.5 million [7][11] Profitability Metrics - Non-GAAP gross margin expanded to 82.8%, an increase of 360 basis points from the previous year, reflecting improved operating leverage [7][11] - Rubrik posted its first positive non-GAAP operating income of $10.1 million, signaling progress towards sustained profitability [8][11] Future Outlook - Management raised the full-year revenue guidance to between $1.280 billion and $1.282 billion, with Q4 revenue expected to be between $341 million and $343 million [9][11] - The full-year non-GAAP net loss per share is now projected to be between $0.20 and $0.16, indicating a tighter range and reflecting a shift towards profitability [9][11] Strategic Initiatives - CEO Bipul Sinha highlighted the company's focus on AI transformation and new product launches, including Rubrik Agent Cloud and Rubrik Okta Recovery, which are expected to drive future growth [10] - Partnerships with CrowdStrike and Cognizant were emphasized as strategic moves to enhance offerings in data protection and cyber resilience [10] Market Position - Rubrik's stock trades at approximately 13 times trailing sales, indicating a premium valuation as the market anticipates continued execution on its profitability roadmap [12] - Analysts remain optimistic, with 21 buy ratings and a consensus price target of $114, suggesting potential upside from current levels [12]

Core Insights - Rubrik, Inc. reported Q3 earnings that exceeded expectations, with adjusted earnings of 10 cents per share compared to a consensus estimate of a loss of 17 cents [1] - The company's quarterly revenue reached $350.17 million, surpassing the Street estimate of $319.25 million and showing a significant increase from $236.18 million in the same period last year [2] Financial Performance - Subscription Annual Recurring Revenue (ARR) grew by 34% year-over-year to $1.35 billion [5] - The number of customers with $100K or more in subscription ARR increased by 27% year-over-year, totaling 2,638 [5] - The subscription ARR contribution margin improved to 10.3%, compared to -3.3% in the third quarter of fiscal 2025 [5] - Non-GAAP gross margin was reported at 82.8%, up from 79.2% in the third quarter of fiscal 2025 [5] Future Outlook - Rubrik raised its fiscal 2026 adjusted loss per share guidance to a range of a loss of 20 cents to a loss of 16 cents, significantly better than the analyst estimate of a loss of 49 cents per share [4] - The company also increased its fiscal 2026 revenue outlook to between $1.28 billion and $1.282 billion, compared to the previous estimate of $1.23 billion [4] Market Reaction - Following the earnings report, Rubrik's stock price rose by 10.1% to $77.60 in extended trading [4]

Financial Data and Key Metrics Changes - Q3 revenues were $201 million, growing 9% year-over-year, exceeding the high end of guidance [5][34] - Non-GAAP operating income was $16.3 million, representing an 8% operating margin, also exceeding guidance [5][37] - Cash flow was strong at $13.4 million, or 7% on a margin basis [7][38] - Overall net revenue retention (NRR) was 96%, with core customer NRR at 97% [7][35] Business Line Data and Key Metrics Changes - Revenues from core customers (spending $5,000 or more annually) grew 10% year-over-year, representing 76% of total revenues [34] - The number of customers spending $100,000 or more annually grew 15% year-over-year [34] - AI Studio showed solid growth in sequential bookings, indicating early traction with self-serve users [7][14] Market Data and Key Metrics Changes - International revenue grew 12% year-over-year, with EMEA and Japan showing particular strength [25] - The U.S. market grew 7% year-over-year [25] - The healthcare vertical saw significant expansions, with several large healthcare organizations increasing their usage of Asana [19][20] Company Strategy and Development Direction - The company is focusing on AI transformation as a key part of its strategy, emphasizing the importance of context, checkpoints, and controls in AI applications [10][12] - Asana aims to lead in the market for human-AI collaboration, with AI Teammates expected to be generally available early next year [14][15] - The company is committed to disciplined, profitable growth while investing in high-leverage areas, particularly its AI platform [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stabilization of the tech vertical, noting improvements in retention and expansion opportunities [48][49] - The company anticipates continued NRR improvement due to successful renewals and the impact of AI Studio on customer relationships [36][55] - Management is optimistic about the potential for AI Studio and AI Teammates to drive future growth and revenue acceleration [70] Other Important Information - Anne Raimondi, COO and Head of Business, will be leaving the company after seven years, with leadership restructuring to enhance alignment across product and go-to-market strategies [22][23] - The company repurchased $30.8 million of its Class A common stock during the quarter [39] Q&A Session Summary Question: Insights on AI Studio's self-serve launch and its impact on renewals - Management noted wide adoption of AI Studio self-serve, which democratizes access and aids in renewal conversations by providing more value to customers [44][45] Question: Confidence in the tech vertical's stabilization amid layoffs - Management indicated that tech customers tend not to downgrade after an initial downgrade, and several large tech customers expanded during renewals [48][49] Question: Clarification on Q4 guidance changes - The guidance was raised due to strong enterprise performance, international growth, and improved NRR, particularly from large tech renewals [52][55] Question: Asana's competitive position in the AI space - Management believes Asana will coexist with other AI agents but differentiates itself through its integrated approach that provides context, controls, and checkpoints [58][60] Question: Status of the partner ecosystem and its growth potential - Management expressed excitement about the channel ecosystem, viewing it as an early-stage opportunity for growth and collaboration with partners [65][66] Question: Future margin optimization and cost management - Management indicated that there is still room for margin improvement through ongoing cost optimization and reallocating resources to higher ROI areas [69][71] Question: Revenue growth acceleration alongside margin expansion - Management remains committed to achieving both revenue growth and margin expansion, with AI Studio and AI Teammates seen as key drivers for future growth [77]

Core Insights - PwC UK and Palantir Technologies Inc. have expanded their strategic alliance with a multi-year, multi-million-pound investment by PwC [1] - The partnership aims to deliver advanced AI and data solutions to address complex global challenges [1] - This collaboration positions both organizations as preferred partners in the UK market, aligning their strategies and resources [1]

Financial Data and Key Metrics Changes - In Q3 2025, the company achieved record revenue of $298.7 million, reflecting a 17% year-over-year growth rate [8][20] - Adjusted EBITDA for the quarter was $63.5 million, resulting in an adjusted EBITDA margin of 21.2% [8][24] - Adjusted earnings per share (EPS) was $0.42, representing approximately 14% year-over-year growth [8][25] - The company ended the quarter with $210 million in cash and a net debt-to-adjusted EBITDA ratio of less than 0.2 times [8][26] Business Line Data and Key Metrics Changes - The Digital Customer Experience (DCX) service line saw single-digit year-over-year growth of approximately 6%, with revenue of $164.2 million [13][23] - Trust and Safety revenue increased by 19.1% year-over-year, driven by the social media vertical, totaling $75.8 million [13][23] - AI Services experienced significant growth of 60.8% year-over-year, resulting in $58.7 million in revenue [15][24] Market Data and Key Metrics Changes - Revenue from clients outside the top 20 grew approximately 6% year-over-year, while revenue from the top 10 and top 20 clients represented 60% and 71% of total revenue, respectively [21][22] - The company generated 54% of its revenues in the Philippines, 13% in India, 11% in the United States, and 22% from the rest of the world [22] Company Strategy and Development Direction - The company plans to shift from selling time-based services to selling solutions that combine technology and talent, focusing on AI consulting and services [9][11] - Investments will be significantly increased in agentic AI consulting and AI services, with a focus on automation and efficiency [9][11] - The company aims to enhance shareholder returns while pursuing a capital allocation strategy that supports long-term growth [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the slowing growth in the BPO industry but emphasized the company's strong performance relative to competitors due to operational excellence [9][12] - The company expects full-year 2025 revenue between $1.173 billion and $1.175 billion, representing approximately 18% year-over-year growth [17][27] - For Q4, the company anticipates revenue of $302 million to $304 million, reflecting approximately 11% year-over-year growth [17][28] Other Important Information - The proposed take-private transaction was terminated due to insufficient shareholder approval, which management views as a testament to high valuation expectations [5][6] - The company is committed to maintaining a strong balance sheet while investing in AI transformation initiatives [48] Q&A Session Summary Question: Plans operationally post-take-private transaction - Management plans to follow a strategy similar to what would have been pursued as a private company, focusing on AI transformation and investments in agentic AI consulting [33] Question: Outlook for sequential growth in Q4 - Management expects 11% year-over-year growth in Q4, with 9% growth when excluding the largest client, due to challenging comparisons from the previous year [38] Question: Sustainability of AI services growth - Management is confident that AI services will sustain double-digit growth over the long term, despite project-based revenue fluctuations [49] Question: Durability of spend from the largest customer - The relationship with the largest customer remains strong, with continued growth expected, although the pace may not match the previous year [52] Question: Investment strategy and its impact on P&L - Management indicated that they are still in the early stages of their investment cycle, with significant improvements in internal processes already observed [55]

Core Insights - Google (GOOG, GOOGL) is recognized as one of the most dominant and innovative companies globally, with significant leadership across various industries contributing to its substantial revenue generation [1]. Company Analysis - The company is heavily involved in technology sectors, particularly in AI infrastructure, cloud computing, and digital transformation, indicating a strong focus on future growth opportunities [1]. - The investment approach emphasizes understanding the fundamentals of the business alongside its growth trajectory, aiming to identify companies with intrinsic values exceeding their current market values [1]. Market Position - Google's leadership in multiple industries positions it favorably for continued success and innovation, which is critical for maintaining its competitive edge in the market [1].

Financial Data and Key Metrics Changes - The company reported a revenue increase of 11%, operating income up 24%, and AOI (Adjusted Operating Income) growth of 14% for the quarter [8][10] - The company anticipates continued growth with record attendance, revenue, and AOI expected for the next year [10] Business Line Data and Key Metrics Changes - The concert segment grew AOI by approximately $40 million, driven by an increase of 120 stadium shows, with a balanced contribution from both U.S. and international markets [20][21] - There was a decrease of about 250 amphitheater shows, while arena activity remained flat, but growth was noted in operated arenas [20][21] Market Data and Key Metrics Changes - International markets, particularly in Mexico and Latin America, showed significant growth, contributing to the overall revenue increase [8][10] - The company noted a strong pipeline for 2026, with ticket sales for shows next year up double digits [31] Company Strategy and Development Direction - The company is focusing on expanding its presence in underdeveloped international markets, particularly in Latin America and Asia, while maintaining competitiveness in North America [29] - The company is committed to enhancing its ticketing platform and enterprise tools to capture more market share globally [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the consumer and the overall business model, indicating no signs of economic sensitivity affecting ticket sales [56] - The company is optimistic about the upcoming year, expecting a strong performance in stadiums and a robust pipeline of events [38][40] Other Important Information - The company is implementing identity verification tools to combat ticket scalping, which has resulted in the cancellation of over a million accounts [14][15] - The company is also focused on enhancing its sponsorship revenue, which has been growing at double-digit rates [61] Q&A Session Summary Question: Concerns about underperformance in amphitheaters and arenas - Management acknowledged fewer amphitheater shows this year but expressed optimism for a strong pipeline in 2026, indicating that the current performance is not structural [9][10] Question: Actions taken against ticket scalpers - Management detailed the shutdown of the Trade Desk tool and the implementation of identity verification tools to reduce scalping, with a low expected financial impact [12][14][15] Question: Breakdown of concert segment AOI growth - Management provided insights into the concert segment's growth, attributing it to increased stadium shows and operational improvements in venues [20][21] Question: Update on regulatory discussions with the FTC and DOJ - Management expressed confidence in their legal standing against the FTC and provided updates on the DOJ case, indicating no significant concerns [23][24][25] Question: International growth opportunities in ticketing - Management emphasized the importance of international markets for future growth, highlighting the company's global strategy [29] Question: Expectations for AOI growth in 2026 - Management refrained from providing specific guidance for 2026 but indicated strong leading indicators for continued growth [50][52] Question: Corporate appetite for sponsorships - Management noted ongoing growth in sponsorship revenue, driven by increased inventory and demand from marketers [61] Question: Food and beverage spend across venues - Management reported strong growth in food and beverage revenues across various venue types, indicating a positive trend in ancillary revenues [66]

Financial Data and Key Metrics Changes - The company reported a revenue increase of 11%, operating income up 24%, and AOI (Adjusted Operating Income) growth of 14% for the quarter [8][10] - International growth was highlighted, particularly in Mexico and Latin America, with stadium revenue increasing by 60% [8][10] Business Line Data and Key Metrics Changes - The concert segment saw AOI growth of approximately $40 million, driven by an increase of 120 stadium shows, which contributed to high profitability per fan [20][22] - There was a decrease of about 250 amphitheater shows, while arena activity remained flat, with some growth in operated arenas [20][22] Market Data and Key Metrics Changes - The company noted a strong pipeline for 2026, with ticket sales for shows next year up double digits, indicating robust demand [31][38] - The international fan count is projected to surpass the U.S. for the first time, reflecting a shift towards global growth [42] Company Strategy and Development Direction - The company aims to expand its presence in underdeveloped international markets, particularly in Latin America and Asia, while maintaining competitiveness in North America [29] - The focus remains on primary ticket sales, with secondary ticketing being a low single-digit percentage of revenue, emphasizing the importance of controlling scalping practices [12][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the upcoming year, expecting strong performance across all venue types, including stadiums, amphitheaters, and arenas [9][38] - There are no observed signs of economic sensitivity affecting consumer behavior, with strong demand across various consumer segments [56] Other Important Information - The company is implementing identity verification tools to combat ticket scalping, which has resulted in the cancellation of over a million accounts [14][15] - The recent hire of a new global president for Ticketmaster is aimed at enhancing the company's AI capabilities and international focus [44][46] Q&A Session Summary Question: Concerns about underperformance in amphitheaters and arenas - Management acknowledged the strong performance in stadiums but noted fewer amphitheater shows this year, with optimism for a rebound in 2026 [9][10] Question: Actions taken against ticket scalpers - The company is shutting down the Trade Desk tool used by brokers and deploying identity verification tools to reduce scalping, expecting minimal financial impact [12][14] Question: Breakdown of concert segment AOI growth - The concert segment grew AOI by about $40 million, driven by increased stadium shows and a strong performance in operated venues [20][22] Question: Update on regulatory discussions with the FTC and DOJ - Management feels confident about their case with the FTC and noted that the DOJ case is progressing, with trial set for March 6 [23][24] Question: International growth opportunities in ticketing - The company views international markets as a significant growth opportunity, with plans to expand Ticketmaster's presence globally [29][30] Question: Expectations for AOI growth in 2026 - Management refrained from making specific 2026 AOI growth predictions but indicated strong leading indicators for continued growth [50][52] Question: Corporate appetite for sponsorships - Sponsorship numbers have been growing in double digits, with marketers increasingly investing in live events [60][62] Question: Food and beverage spend across venues - The company reported strong growth in food and beverage across various venue types, indicating robust ancillary revenue streams [66][68]