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Jun 30, 2025
Commvault Q1 2026 Earnings Report
Commvault delivered strong Q1 2026 results, achieving record revenue and ARR growth.
Key Takeaways
Commvault exceeded expectations in Q1 2026 with record total revenue and double-digit growth in subscription and SaaS segments. Profitability also improved with higher operating income and EPS, while free cash flow remained strong.
Total revenue reached $281.98 million, up 26% year-over-year.
Subscription revenue rose 46% to $181.73 million, driven by SaaS and term-based licenses.
Net income was $23.5 million, with EPS of $0.52 and non-GAAP EPS of $1.01.
Total ARR grew 24% YoY to $996.2 million, led by 33% growth in subscription ARR.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Commvault expects continued strong performance in Q2 and FY26, with steady revenue growth and healthy margins.
Positive Outlook
- Q2 revenue projected between $272M–$274M.
- Q2 subscription revenue guided to $174M–$176M.
- FY26 total revenue forecast between $1.161B–$1.165B.
- FY26 subscription ARR expected to grow 24% YoY.
- FY26 free cash flow projected between $210M–$215M.
Challenges Ahead
- Perpetual license revenue declined 47% YoY.
- International growth still subject to FX impacts.
- GAAP operating margin relatively modest at 8.9%.
- Q2 revenue guide reflects sequential decline vs Q1.
- Macro uncertainties remain a factor in guidance assumptions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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