Jun 2026 (Q1 FY27) — Jul 28, 2026
Commvault Q1 FY27 — Strong Subscription ARR Growth and Record Profitability
Read the full callCommvault (CVLT) earnings
- Jun 2026
- Jun 2026 (Q1 FY27)
- Mar 2026
Commvault earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 314 | +11.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 8.2 | −0.7 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 21.1 | −10.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
39 of 41 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| General availability of the Pinecone vector-database integration | general availability in Q2 of calendar 2026 | Dec 2025 | earlier this month, we released deep support for the newer AI tooling like Snowflake, Databricks, pinecone | Achieved* |
| Full-year non-GAAP EBIT margin | approximately 20.5% | Mar 2026 | we are increasing our full year non-GAAP EBIT margin guidance by 50 basis points to approximately 21% | Revised Up |
| Diluted share count | approximately 42 million shares | Mar 2026 | with a diluted share count of approximately 42 million shares | On Track |
2 of COMMVAULT SYSTEMS INC's 66 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 63 more targets are in the full ledger.
Claimed
- Subscription ARR grew 22% year-over-year to $1.05 billion.
- SaaS ARR grew 38% year-over-year to $424 million, surpassing 10,000 active SaaS customers.
- SaaS revenue exceeded $100 million for the first time in a quarter, contributing to 16% subscription revenue growth.
- Non-GAAP EBIT margin improved by 210 basis points year-over-year to 22.8%, marking the best quarterly performance in over a decade.
- Q1 free cash flow was $51 million, representing 71% year-over-year growth.
Qualified
- FX had a modest headwind of a few million dollars on subscription net new ARR.
- Hardware constraints impacted some on-premise deals, leading to a mid-single-digit sequential impact on term length.
- Conversions from perpetual business to subscription were lighter than historical trends in Q1.
Price
$158.91 +2.97% · +$4.58
Performance −8.8% 1Y
1Y: $174.31 on 14 Oct 2025 → $158.91. High $176.43 (20 Oct 2025), low $75.18 (30 Mar 2026).
- Previous close
- $154.33
- 52-week range
- $75.18 – $176.43
- One year
- −7.64%
Overview
- Symbol
- CVLT
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
39 of 41 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| General availability of the Pinecone vector-database integration | general availability in Q2 of calendar 2026 | Dec 2025 | earlier this month, we released deep support for the newer AI tooling like Snowflake, Databricks, pinecone | Achieved* |
| Full-year non-GAAP EBIT margin | approximately 20.5% | Mar 2026 | we are increasing our full year non-GAAP EBIT margin guidance by 50 basis points to approximately 21% | Revised Up |
| Diluted share count | approximately 42 million shares | Mar 2026 | with a diluted share count of approximately 42 million shares | On Track |
Claimed
- Subscription ARR grew 22% year-over-year to $1.05 billion.
- SaaS ARR grew 38% year-over-year to $424 million, surpassing 10,000 active SaaS customers.
- SaaS revenue exceeded $100 million for the first time in a quarter, contributing to 16% subscription revenue growth.
- Non-GAAP EBIT margin improved by 210 basis points year-over-year to 22.8%, marking the best quarterly performance in over a decade.
- Q1 free cash flow was $51 million, representing 71% year-over-year growth.
Qualified
- FX had a modest headwind of a few million dollars on subscription net new ARR.
- Hardware constraints impacted some on-premise deals, leading to a mid-single-digit sequential impact on term length.
- Conversions from perpetual business to subscription were lighter than historical trends in Q1.
The full ledger
Open COMMVAULT SYSTEMS INC’s full ledger
A free account opens 5 company ledgers a month. All 66 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q4 FY26) — Apr 28, 2026
Commvault Q4 FY26 — Strong ARR Growth and Record Free Cash Flow
Read the full callEvery analysed call
Commvault earnings calls (CVLT)
Financials
What the filings say
Net profit, year on year: −10% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 233 | 263 | 275 | 282 | 276 | 314 | 312 | 314 |
| Operating profit | 15 | 14 | 27 | 25 | 12 | 20 | 17 | 26 |
| Operating margin | 6.4% | 5.2% | 9.7% | 8.9% | 4.5% | 6.3% | 5.3% | 8.2% |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | 17 | 15 | 29 | 27 | 15 | 27 | 23 | 32 |
| Tax rate | 6.6% | 27.0% | −8.2% | 12.6% | 2.5% | 34.2% | 36.6% | 34.4% |
| Net profit | 16 | 11 | 31 | 23 | 15 | 18 | 15 | 21 |
| EPS ($ per share) | 0.36 | 0.25 | — | 0.53 | 0.33 | 0.40 | — | 0.51 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -485 | -554 | -666 | -899 | -1,063 | -1,056 | -1,134 | -1,472 |
| Total liabilities | 431 | 433 | 510 | 560 | 596 | 666 | 793 | 1,879 |
| Fixed assets | 123 | 115 | 113 | 107 | 8 | 8 | 8 | 10 |
| Investments | 130 | 44 | 0 | — | — | — | — | — |
| Total assets | 822 | 845 | 904 | 816 | 783 | 944 | 1,118 | 1,886 |
| Line item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 110 | 88 | 124 | 177 | 170 | 204 | 207 | 245 |
| Cash from investing | -5 | -74 | 35 | -24 | -5 | -6 | -70 | -5 |
| Cash from financing | -91 | -39 | -75 | -276 | -136 | -171 | -148 | 345 |
| Net cash flow | -3 | -32 | 101 | -130 | 20 | 25 | -11 | 598 |
| Capital expenditure | -7 | -3 | -8 | -4 | -3 | -4 | -4 | -8 |
| Free cash flow | 104 | 85 | 116 | 173 | 167 | 200 | 204 | 237 |
CVLT revenue by segment
Subscription grew from 57% to 63% of revenue over the last two years.
| Segment | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Subscription | 57% | 60% | 63% | 64% | 63% | 66% | 67% | 85% | +46.9% |
| Term Based Software Licenses | — | — | — | 39% | 34% | 38% | 37% | 35% | +1.0% |
| Software As A Service | — | — | — | 26% | 29% | 28% | 30% | 32% | +38.8% |
| Term Based Software Support | — | — | — | — | — | — | — | 18% | — |
| Perpetual Support | — | — | — | — | — | — | — | 8% | — |
| Service Other | 5% | 4% | 4% | 5% | 4% | 4% | 4% | 4% | -6.9% |
| Perpetual License | 5% | 6% | 5% | 3% | 4% | 4% | 3% | 3% | +18.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
CVLT operating KPIs by quarter
| KPI | Mar 2026 Q4 FY26 | Jun 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|
| Annual recurring revenue (ARR) Subscription | $989MIn the fourth quarter, subscription ARR increased 27% to $989 million.Source: earnings call transcript | $1.05BA few highlights include: subscription ARR grew 22% to $1.05 billion.Source: earnings call transcript | +6.2% |
| Annual recurring revenue (ARR) SaaS | $400MThis was led by another quarter of strong growth from our SaaS business, which grew 42% to reach $400 million in ARR milestone for Commvault -- subscription revenue grew 20% to $208 million, and we generated a record free cash flow of $132 million in Q4, resulting in $237 million for the fiscal year.Source: earnings call transcript | $424MOur SaaS business fueled this growth growing 38% to $424 million in ARR.Source: earnings call transcript | +6% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q1 FY2027 · share of revenue
- Americas 59% ↓ 2 pt
- International 41% ↑ 2 pt
As CVLT cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
74 filings between Oct 27, 2025 and Oct 9, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$17.97M
47 sales by 8 insiders
83% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 20
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
Also filed: 4 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Mirchandani Sanjay | — | $13.88M | Aug 19, 2026 |
| Merrill Gary | — | $3.11M | Aug 19, 2026 |
| Abrahamsen Danielle Nicole | — | $486.5K | Aug 19, 2026 |
| Adamo Nicola | — | $201.4K | Sep 11, 2026 |
| DiRico Jennifer Leigh | — | $102.6K | Nov 18, 2025 |
| Lee Vivie | — | $79.8K | Aug 10, 2026 |
| Sanders A Shane | — | $63.9K | Aug 10, 2026 |
| Haydon William Geoffrey | — | $42.6K | Aug 10, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 9, 2026 | MORTON DAVID H JR Director | Award | 1,317 | $0 |
| Sep 11, 2026 | Adamo Nicola Director | Sale | 1,530 | $201.4K |
| Aug 31, 2026 | Mirchandani Sanjay President & CEO | Gift | 37,372 | $0 |
| Aug 31, 2026 | Mirchandani Sanjay President & CEO | Gift | 37,372 | $0 |
| Aug 19, 2026 | Merrill Gary Chief Financial Officer | Sale 10b5-1 plan | 1,293 | $184.6K |
| Aug 19, 2026 | Mirchandani Sanjay President & CEO | Sale 10b5-1 plan | 6,857 | $979.2K |
| Aug 19, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 486 | $69.4K |
| Aug 18, 2026 | Mirchandani Sanjay President & CEO | Sale 10b5-1 plan | 4,840 | $695.2K |
| Aug 18, 2026 | Merrill Gary Chief Financial Officer | Sale 10b5-1 plan | 1,854 | $266.3K |
| Aug 18, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 391 | $56.2K |
| Aug 17, 2026 | Mirchandani Sanjay President & CEO | Sale 10b5-1 plan | 12,437 | $1.79M |
| Aug 17, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 119 | $17.1K |
| Aug 10, 2026 | Haydon William Geoffrey President of Cust & Field Ops | Sale | 316 | $42.6K |
| Aug 10, 2026 | Lee Vivie Director | Sale 10b5-1 plan | 595 | $79.8K |
| Aug 10, 2026 | Sanders A Shane Director | Sale 10b5-1 plan | 476 | $63.9K |
| Aug 6, 2026 | Lee Vivie Director | Award 10b5-1 plan | 1,761 | $0 |
| Aug 6, 2026 | Adamo Nicola Director | Award | 1,761 | $0 |
| Aug 6, 2026 | Bejar Martha Helena Director | Award | 1,761 | $0 |
| Aug 6, 2026 | Sanders A Shane Director | Award 10b5-1 plan | 1,761 | $0 |
| Aug 6, 2026 | MORAN CHARLES E Director | Award | 1,761 | $0 |
| Aug 6, 2026 | GEESLIN KEITH Director | Award | 1,761 | $0 |
| Jul 2, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 254 | $38.1K |
| Jun 25, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Award | 244 | $0 |
| Jun 11, 2026 | Mirchandani Sanjay President & CEO | Gift | 40,734 | $0 |
| Jun 11, 2026 | Mirchandani Sanjay President & CEO | Gift | 40,734 | $0 |
| May 26, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 277 | $29.6K |
| May 26, 2026 | Merrill Gary Chief Financial Officer | Sale 10b5-1 plan | 4,554 | $485.9K |
| May 22, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 101 | $10.8K |
| May 22, 2026 | Mirchandani Sanjay President & CEO | Sale | 9,701 | $1.04M |
| May 22, 2026 | Merrill Gary Chief Financial Officer | Sale 10b5-1 plan | 3,777 | $405.6K |
| May 21, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Award 10b5-1 plan | 328 | $0 |
| May 21, 2026 | Mirchandani Sanjay President & CEO | Award | 17,118 | $0 |
| May 21, 2026 | Mirchandani Sanjay President & CEO | Award | 8,200 | $0 |
| May 21, 2026 | Merrill Gary Chief Financial Officer | Award 10b5-1 plan | 2,952 | $0 |
| May 21, 2026 | Merrill Gary Chief Financial Officer | Award 10b5-1 plan | 5,647 | $0 |
| May 20, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 365 | $36.2K |
| May 20, 2026 | Mirchandani Sanjay President & CEO | Sale 10b5-1 plan | 8,450 | $837.6K |
| May 19, 2026 | Merrill Gary Chief Financial Officer | Sale 10b5-1 plan | 2,275 | $236.6K |
| May 19, 2026 | Merrill Gary Chief Financial Officer | Sale 10b5-1 plan | 2,285 | $242.6K |
| May 19, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 169 | $17.6K |
| May 19, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 896 | $95.1K |
| May 19, 2026 | Mirchandani Sanjay President & CEO | Sale 10b5-1 plan | 6,238 | $648.8K |
| May 19, 2026 | Mirchandani Sanjay President & CEO | Sale 10b5-1 plan | 13,158 | $1.40M |
| May 18, 2026 | Mirchandani Sanjay President & CEO | Sale | 8,457 | $884.1K |
| May 18, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 409 | $42.8K |
| May 18, 2026 | Merrill Gary Chief Financial Officer | Sale | 3,098 | $323.9K |
| May 18, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Sale 10b5-1 plan | 516 | $53.9K |
| May 15, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Award 10b5-1 plan | 3,897 | $0 |
| May 15, 2026 | Abrahamsen Danielle Nicole Chief Accounting Officer | Option exercise 10b5-1 plan | 415 | $0 |
| May 15, 2026 | Merrill Gary Chief Financial Officer | Option exercise | 278 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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