#United States #financial results #Commvault #Cyber Resilience #Tinton Falls

Commvault Reports Strong Financial Results for Q1 Fiscal 2026

On July 29, 2025, Commvault (NASDAQ: CVLT) released its financial results for the first quarter of fiscal 2026, which ended on June 30, 2025. The results were remarkable, reflecting a robust start to the fiscal year driven by increasing demand for its cyber resilience platform and strategic customer growth. The company, headquartered in Tinton Falls, New Jersey, reported total revenues of $282 million, marking a 26% increase compared to the same period last year. This surge was also noted in its Annualized Recurring Revenue (ARR), which reached $996 million, a notable 24% rise year-over-year.

CEO Sanjay Mirchandani commented, "Commvault delivered a strong start to the fiscal year, fueled by customer growth, disciplined execution, and rising demand for our industry-leading cyber resilience platform. With a best-in-class partner ecosystem and continuous innovation, we are well-positioned to continue to take share in fiscal 2026 and beyond."

Key Financial Highlights

• - Total Revenues: $282 million, a 26% increase year-over-year.
• - Annualized Recurring Revenue (ARR): Surged to $996 million, up 24% year-over-year.
• - Subscription Revenue: Reached $182 million, indicating a 46% increase compared to the previous year. This included $109 million from term-based license revenue (up 36%) and $72 million from SaaS revenue (up 66%).
• - Subscription ARR: Rose to $844 million, a 33% year-over-year increase.
• - Income from Operations (EBIT): Reported at $25 million, resulting in an operating margin of 8.9%. Non-GAAP EBIT was $58 million with an operating margin of 20.7%.
• - Operating Cash Flow: Recorded at $32 million, with free cash flow standing at $30 million.

These figures reflect Commvault's strong market position and operational effectiveness, as the company anticipates continued growth in the coming quarters.

Recent Business Developments

In addition to impressive financial metrics, there were significant achievements during the quarter, including:

• - For the 14th consecutive year, Commvault was recognized as a Leader in the Gartner Magic Quadrant for Backup and Data Protection Platforms.
• - The company announced enhancements to its post-quantum computing capabilities, targeting protection against evolving cyber threats.
• - In Q1, Commvault strengthened its partnerships with industry players such as CrowdStrike, Deloitte, HPE, and Kyndryl to enhance incident response capabilities and bolster cyber resilience.
• - Additionally, Commvault Cloud achieved GovRAMP Authorized status for its cyber resilience SaaS solutions at the state level, alongside its existing FedRAMP High certification.

Financial Guidance for Q2 and Full Year Fiscal 2026

Commvault provided its guidance for the second quarter of fiscal 2026 and its full-year outlook amid current macroeconomic conditions:

• - Q2 Total Revenues: Expected to be between $272 and $274 million.
• - Subscription Revenue: Projected between $174 and $176 million.
• - Full Year Total Revenues: Anticipated between $1,161 million and $1,165 million.
• - Full Year Subscription Revenue: Expected to be between $753 million and $757 million.

Commvault’s innovative solutions and strategic partnerships position it favorably for the future, ensuring that it can meet increasing customer demands across the globe.

As Commvault continues to secure its place in the market with its cutting-edge cyber resilience products, it fosters a strong sense of confidence among investors and stakeholders in its capabilities to thrive in a competitive industry. The company’s forward-looking statements reflect optimism, although actual results may vary based on market conditions and other factors.

About Commvault

Commvault is recognized as a leading provider of cyber resilience solutions, serving over 100,000 organizations globally. The company stands out for offering the only comprehensive platform that integrates data security and fast recovery capabilities at enterprise scale, capable of supporting any workload, anywhere, and at the lowest total cost of ownership.

For more information on Commvault and its solutions, visit Commvault's website.