Commvault Announces Second Quarter Fiscal 2026 Financial Results Total revenues of $276 million, up 18% year over year Annualized recurring revenue (ARR) surpassed $1 billion milestone, ahead of March 2026 target Operating cash flow of $77 million, free cash flow of $74 million 1 2 Tinton Falls, N.J. – October 28, 2025 – Commvault (Nasdaq: CVLT) today announced its financial results for the fiscal second quarter ended September 30, 2025. "Commvault delivered a strong quarter fueled by solid ARR and SaaS gro ...

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Core Insights - Commvault reported total revenues of $276 million for the fiscal second quarter, reflecting an 18% year-over-year increase [5][19] - The company achieved an annualized recurring revenue (ARR) of $1.043 billion, surpassing its target two quarters ahead of schedule [2][5] - Operating cash flow was reported at $77 million, with free cash flow at $74 million [5][19] Financial Performance - Total revenues increased by 18% year over year, with subscription revenue reaching $173 million, up 29% year over year [5][19] - SaaS revenue grew significantly by 61% year over year, contributing to the overall subscription ARR growth of 30% [5][19] - Non-GAAP EBIT was reported at $51 million, with an operating margin of 18.6% [5][19] Business Developments - Commvault completed the acquisition of Satori Cyber Ltd., enhancing its cyber-resilience platform [5][19] - The company launched new products including Clumio for Apache Iceberg and expanded its HyperScale portfolio with HyperScale Edge and HyperScale Flex [5][19] - A new integration with BeyondTrust Password Safe was announced to improve security and data recovery efficiency [5][19] Future Guidance - For the third quarter of fiscal year 2026, total revenues are expected to be between $298 million and $300 million [5] - Full fiscal year 2026 revenue guidance is projected between $1.161 billion and $1.165 billion, with subscription revenue expected to grow between 24% and 25% year over year [5][19] - Non-GAAP gross margin is anticipated to be between 80.5% and 81.5% for the full year [5][19]

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Group 1: Stock Performance - Commvault Systems (CVLT) closed at $169.92, reflecting a +1.12% change from the previous day, outperforming the S&P 500's gain of 0.79% [1] - Over the past month, the stock experienced a loss of 9.58%, underperforming the Computer and Technology sector's gain of 1.2% and the S&P 500's gain of 1.27% [1] Group 2: Upcoming Earnings Report - Commvault Systems is set to release its earnings on October 28, 2025, with an expected EPS of $0.94, indicating a 13.25% increase from the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $273.48 million, up 17.23% from the year-ago period [2] Group 3: Full Year Estimates - For the full year, analysts expect earnings of $4.14 per share and revenue of $1.16 billion, representing changes of +13.42% and +16.94% respectively from the previous year [3] Group 4: Analyst Estimates and Outlook - Recent changes to analyst estimates for Commvault Systems reflect near-term business trends, with positive revisions indicating a favorable outlook on business health and profitability [4] - Adjustments in estimates are associated with imminent stock price performance, providing investors with actionable insights [5] Group 5: Zacks Rank and Valuation - Commvault Systems currently holds a Zacks Rank of 1 (Strong Buy), with a track record of outperforming, as stocks rated 1 have produced an average annual return of +25% since 1988 [6] - The Forward P/E ratio for Commvault Systems is 40.6, indicating a premium compared to the industry average of 29.24 [7] - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 84, placing it in the top 35% of over 250 industries [7]

Core Insights - Commvault Systems (CVLT) is expected to report quarterly earnings of $0.94 per share, a 13.3% increase year-over-year, with revenues projected at $273.48 million, reflecting a 17.2% year-over-year growth [1] Earnings Estimates - The consensus EPS estimate has been revised 4.2% higher in the last 30 days, indicating a collective reevaluation by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts estimate 'Revenues- Perpetual license' to be $7.65 million, a decrease of 27.3% from the previous year [5] - 'Revenues- Other services' are estimated at $11.79 million, showing a 6.9% increase year-over-year [5] - The consensus for 'Revenues- Customer support' is $78.75 million, indicating a 1.4% increase from the prior year [5] - 'Revenues- Subscription' are expected to reach $175.32 million, reflecting a significant 30.8% increase year-over-year [6] - Analysts project 'Annualized Recurring Revenue (ARR)' to be $1,029.91 million, compared to $853.27 million from the previous year [6] Stock Performance - Over the past month, Commvault shares have decreased by 7.4%, while the Zacks S&P 500 composite has increased by 0.2% [6] - Commvault currently holds a Zacks Rank 1 (Strong Buy), suggesting potential outperformance in the near future [6]

Core Insights - Commvault Systems (CVLT) stock closed at $170.06, down 2.76% from the previous day, underperforming the S&P 500, Dow, and Nasdaq indices [1] - The stock has decreased by 8.81% over the past month, contrasting with a 1.25% gain in the Computer and Technology sector and a 1.13% gain in the S&P 500 [1] Earnings Expectations - The upcoming earnings report on October 28, 2025, is anticipated to show earnings of $0.94 per share, reflecting a year-over-year growth of 13.25% [2] - Revenue is projected at $273.48 million, indicating a 17.23% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are estimated at $4.14 per share, representing a 13.42% increase, while revenue is expected to reach $1.16 billion, marking a 16.94% growth from the previous year [3] Analyst Estimates - Recent changes in analyst estimates suggest a favorable outlook on Commvault Systems' business health and profitability [4] - These estimate revisions are correlated with near-term share price momentum, providing potential investment opportunities [5] Zacks Rank and Performance - Commvault Systems currently holds a Zacks Rank of 1 (Strong Buy), with a notable track record of outperforming the market [6] - Over the past month, the Zacks Consensus EPS estimate has risen by 1.26% [6] Valuation Metrics - The company is trading at a Forward P/E ratio of 42.26, which is higher than the industry average of 28.81, indicating a premium valuation [7] - The Computer - Software industry is ranked 145 in the Zacks Industry Rank, placing it in the bottom 42% of over 250 industries [7] Industry Insights - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [8]

Core Insights - Commvault has appointed Geoff Haydon, a veteran in cybersecurity and managed detection and response (MDR), to its Board of Directors effective October 17, 2025 [1][2] - Haydon brings over 30 years of experience in building and scaling global technology organizations, currently serving as CEO of Ontinue, which specializes in AI-powered managed extended detection and response (MXDR) services [1][3] - Commvault aims to enhance its leadership in cyber resilience, particularly in the AI era, aligning with Haydon's expertise and vision for intelligent security platforms [2][3] Company Overview - Commvault is recognized as a leading provider of cyber resilience and data protection solutions for the hybrid cloud, serving over 100,000 organizations [3] - The company offers a unique cyber resilience platform that integrates data security and rapid recovery capabilities across various workloads, emphasizing low total cost of ownership (TCO) [3]

Core Viewpoint - Commvault Systems' shares experienced a premarket increase of approximately 2% following an upgrade from Piper Sandler, which changed the stock's rating from Neutral to Overweight [2]. Summary by Category - **Stock Rating Upgrade** - Piper Sandler upgraded Commvault's stock rating to Overweight from Neutral [2]. - **Price Target Adjustment** - The price target for Commvault's stock was raised to $200 from $195 [3]. - **Company Overview** - Commvault specializes in providing a cyber resilience platform [3].

Core Viewpoint - Truist Securities initiated coverage of Commvault Systems (NASDAQ:CVLT) with a Buy rating, highlighting the company's potential to benefit from the increasing significance of data security [2] Summary by Category Company Overview - Commvault Systems is positioned to capitalize on the growing importance of data security, which is a critical factor in the current market landscape [2] Stock Performance - Truist set a price target of $230 for Commvault's stock, indicating a positive outlook for the company's future performance [2] - Following the initiation of coverage, shares of Commvault were up 4% [2]