Rapid7 (RPD) Q2 FY26 earnings call

Rapid7 is undergoing a significant strategic transformation, refocusing investments on its core platform solutions and AI capabilities while streamlining operations. The company exceeded Q2 expectations and is committed to expanding operating margins, targeting 20% non-GAAP operating margin by Q4 FY26, despite a sequential decline in total ARR driven by noncore products. This multi-quarter effort aims for durable growth and improved execution in its core exposure management and detection and response offerings.