Commvault Exceeds Q4 Revenue Estimates, Reports Strong SaaS Growth, and Recommits $250M Share Repurchase Program
CVLT sits 21% above its 52-week low of $71.75.
Summary
Commvault Systems reported Q4 revenue of $312 million, beating estimates, alongside strong SaaS and ARR growth, significant share repurchases, and positive FY27 guidance.
Key Events · Earnings and Guidance · CVLT
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Q4 Revenue Beat
Commvault reported Q4 fiscal 2026 total revenues of $312 million, exceeding the IBES estimate of $307.1 million.
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Strong SaaS and ARR Growth
Subscription revenue grew 20% year-over-year to $208 million in Q4, with SaaS revenue up 43% to $93 million. Total Annualized Recurring Revenue (ARR) reached $1,122 million, an increase of 21% year-over-year.
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Significant Share Repurchases
The company repurchased approximately 3 million shares for $259 million in Q4 fiscal 2026, and a total of 4 million shares for $446 million during the full fiscal year.
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Share Repurchase Program Recommitted
The Board of Directors approved recommitting the share repurchase program, making an additional $250 million available for future repurchases, following an existing program established on 2026-01-27.
Analysis · CVLT · Technology
Commvault Systems reported robust fourth-quarter and full-year fiscal 2026 results, surpassing revenue estimates and demonstrating strong growth in its subscription and SaaS segments. The company also executed substantial share repurchases during the year and recommitted its share repurchase program, signaling continued confidence in its financial position and commitment to shareholder returns. Positive guidance for fiscal year 2027 further reinforces a strong outlook, driven by increasing demand for its data protection and cyber resilience platform.
At the time of this filing, CVLT was trading at $86.51 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $71.75 to $200.68. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.