Commvault (CVLT) Reports Record Revenue; Stock Surges 19%
Commvault shares jumped 18.98% intraday to $194.44, setting a new 52-week high following a blowout fiscal Q1 earnings report.
Key Financials (Quarter Ended June 30, 2025)
| Metric | Actual | YoY Growth |
|---|---|---|
| Revenue | $282 million | +26% |
| Subscription Revenue | $182 million | +46% |
| Term-Based License Revenue | $109 million | +36% |
| SaaS Revenue | $72 million | +66% |
| Annual Recurring Revenue (ARR) | $996 million | +24% |
| Subscription ARR | $844 million | +33% |
| Non-GAAP EBIT | $58 million | Margin: 20.7% |
| GAAP EPS | $0.52 | vs. $0.41 YoY |
| Non-GAAP EPS | $1.01 | vs. $0.85 YoY |
| Free Cash Flow | $30 million | vs. $44M YoY Comp |
Operational Highlights
- Americas Revenue: $171 million (+23% YoY)
- International Revenue: $111 million (+29% YoY)
- Gross Margin (Non-GAAP): 82.4%
- Named Leader in Gartner MQ for Backup and Data Protection for 14th consecutive time
- Enhanced strategic partnerships with CrowdStrike, Deloitte, HPE, and Kyndryl
- Achieved GovRAMP and FedRAMP High authorization for SaaS cyber resilience platform
Guidance
Q2 FY2026:
- Revenue: $272–$274 million
- Subscription Revenue: $174–$176 million
- Non-GAAP EBIT Margin: ~20%
Full-Year FY2026 (Updated):
- Revenue: $1.161–$1.165 billion
- ARR growth: +18% YoY
- Subscription ARR growth: +24% YoY
- Non-GAAP EBIT Margin: ~20.5%
- Free Cash Flow: $210–$215 million
Outlook
Commvault is benefiting from strong demand for cyber resilience and cloud data protection. Rapid growth in SaaS and subscription ARR shows effective execution. Management sees ongoing momentum supported by product innovation and global partnerships.
With shares breaking out to new highs, investor confidence reflects both execution and a favorable industry backdrop.