Commvault Announces First Quarter Fiscal 2026 Financial Results

Core Insights - Commvault reported a record total revenue of $282 million for the fiscal first quarter ended June 30, 2025, representing a 26% year-over-year increase [1][5] - The Annualized Recurring Revenue (ARR) grew to $996 million, up 24% year-over-year [1][5] - Subscription revenue reached $182 million, a 46% increase year-over-year, with SaaS revenue growing by 66% [5][19] Financial Performance - Total revenues for Q1 2026 were $282 million, up 26% from $224.7 million in Q1 2025 [5][20] - Subscription ARR increased to $844 million, reflecting a 33% year-over-year growth [5][16] - Non-GAAP EBIT was $58 million, with an operating margin of 20.7% [5][19] Business Highlights - Commvault has been recognized as a Leader in the Gartner Magic Quadrant for Backup and Data Protection Platforms for the 14th consecutive time [5] - The company announced enhancements to its post-quantum computing capabilities to protect sensitive data from emerging cyber threats [5] - Strategic partnerships with CrowdStrike, Deloitte, HPE, and Kyndryl were strengthened to enhance incident response and cyber resilience [5] Guidance and Outlook - For Q2 FY 2026, total revenues are expected to be between $272 million and $274 million, with subscription revenue projected between $174 million and $176 million [4][5] - For the full fiscal year 2026, total revenues are anticipated to be between $1,161 million and $1,165 million, with total ARR expected to grow 18% year-over-year [4][5] - Non-GAAP gross margin is expected to be between 81% and 82% for both Q2 and the full fiscal year [5][19]