Commvault's accelerating subscription and SaaS transition, record free cash flow, and above-consensus guidance affirm its competitive position in data resilience. Expect a positive reaction; monitor Q1 FY2027 subscription revenue (guided $263M-$265M) for continued momentum.
Price Chart
Executive Summary
Commvault reported Q4 FY2026 revenue of $312M (+13% YoY) and non-GAAP EPS of $1.28 (+24% YoY), beating Street estimates. Subscription revenue grew 20% to $208M, SaaS revenue surged 43%, and total ARR reached $1.12B (+21% YoY). The company issued strong FY2027 guidance with total revenue expected between $1.30B and $1.31B, representing ~10% growth, and free cash flow guidance of $250M-$260M. Record quarterly free cash flow of $132M and continued share repurchases underscore financial health.
Key Financial Metrics
Key Facts
- Q4 revenue $311.7M (+13% YoY), subscription revenue $207.6M (+20% YoY)
- Non-GAAP EPS $1.28 vs prior year $1.03 (+24% YoY)
- Total ARR $1.12B (+21% YoY), SaaS ARR $400M (+42% YoY)
- Q4 free cash flow $132M (record); FY2026 free cash flow $237M
- FY2027 guidance: total revenue $1.30B-$1.31B, subscription revenue $1.115B-$1.125B, non-GAAP EBIT margin ~20.5%, free cash flow $250M-$260M
- SaaS NRR 122%, indicating strong customer expansion
- Repurchased $259M in stock during Q4 and $446M in FY2026
Financial Impact
Revenue growth of 13% YoY and non-GAAP EPS growth of 24% YoY, with strong forward guidance implying ~10% revenue growth and margin expansion.
Risk Factors
- Integration of recent acquisitions (Satori, Appranix) may pose execution risk
- Restructuring charges ($18.6M in Q4) indicate ongoing cost actions
- GAAP net income declined due to non-cash charges, which could concern some investors
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001169561-26-000013 |
| Document: cvlt-20260428.htm | 0001169561-26-000013 |
| Document: 0001169561-26-000013-index-headers.html | 0001169561-26-000013 |
| Document: 0001169561-26-000013-index.html | 0001169561-26-000013 |
| Document: 0001169561-26-000013.txt | 0001169561-26-000013 |
| 8-K Data (Synthetic) | 0001169561-26-000013 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $155.50 | awaiting T+60 | — | $170.83 (+9.86%) |
Oct 6, 2026 21d ago | Press Release | $154.98 | awaiting T+60 | — | $170.83 (+10.23%) |
Sep 24, 2026 4w ago | 8-K | $150.00 | awaiting T+60 | — | $170.83 (+13.89%) |
Aug 19, 2026 9w ago | Insider Cluster | $131.63 | awaiting T+60 | — | $170.83 (+29.78%) |
Aug 12, 2026 10w ago | Insider Cluster | $151.10 | awaiting T+60 | — | $170.83 (+13.06%) |
Aug 10, 2026 11w ago | Insider Cluster | $139.43 | awaiting T+60 | — | $170.83 (+22.52%) |
Jul 28, 2026 13w ago | 8-K | $120.02 $163.55 | ▲ +36.26% | ▲ +31.91% | $170.83 (+42.33%) |
May 21, 2026 22w ago | Insider Cluster | $107.25 $142.81 | ▲ +33.16% | ▲ +29.97% | $170.83 (+59.28%) |
May 21, 2026 22w ago | Insider Cluster | $107.25 $142.81 | ▲ +33.16% | ▲ +29.97% | $170.83 (+59.28%) |
May 21, 2026 22w ago | Insider Cluster | $107.25 $142.81 | ▲ +33.16% | ▲ +29.97% | $170.83 (+59.28%) |
US Market Status
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