Commvault Reports Strong Q4 Growth and Strategic Changes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Should l Buy CVLT?
Source: seekingalpha
- Strong Financial Performance: Commvault's Q4 subscription ARR increased by 27% to $989 million, while SaaS ARR grew by 42% to $400 million, demonstrating the company's robust momentum in expanding its market share.
- Accelerated Shareholder Returns: CFO Gary Merrill noted that in Q4, the company repurchased 3 million shares for a total consideration of $259 million, bringing the total buyback for FY2026 to $446 million, reflecting a proactive strategy in capital management and shareholder returns.
- Strategic Leadership Changes: Commvault announced executive changes with Gary Merrill returning as CFO and Geoff Haydon appointed as the new President of Customer and Field Operations, aimed at enhancing the company's leadership in customer service and market responsiveness.
- Optimistic Future Outlook: Merrill guided an 18% to 19% growth in subscription ARR for FY2027, projecting it to reach between $1.20 billion and $1.21 billion, while SaaS ARR is expected to exceed $0.5 billion, indicating strong confidence and clear financial targets for future growth.
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Analyst Views on CVLT
Wall Street analysts forecast CVLT stock price to rise
13 Analyst Rating
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 103.380
Low
100.00
Averages
140.33
High
185.00
Current: 103.380
Low
100.00
Averages
140.33
High
185.00
About CVLT
Commvault Systems, Inc. is a provider of cyber resilience and data protection solutions. The Company’s cyber resilience platform combines data security and rapid recovery at enterprise scale across any workload. The Company provides these products and services for their data across many types of environments, including on-premises, hybrid and multi-cloud. Its offerings are delivered via self-managed software, software-as-a-service (SaaS), integrated appliances, or managed by partners. Its Commvault Cloud offerings are organized into three packages, such as Operational Recovery, Autonomous Recovery and Cyber Recovery. Its Operational Recovery provides backup, verifiable recovery, and cost-optimized cloud workload mobility, helping to ensure data availability and granular recovery, even across multiple clouds. In addition, it also provides customers with a range of offerings, including Cleanroom Recovery, HyperScale X, Air Gap Protect, Cloud Rewind, Clumio Backtrack and Compliance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Commvault Sponsors Red Hat Summit 2026 to Showcase Resilience Solutions
- Containerized Workload Growth: According to the Cloud Native Computing Foundation, 93% of organizations are using, piloting, or evaluating Kubernetes, indicating a rapid increase in containerized workload adoption, which aligns with Commvault's solutions addressing this market demand.
- Market Potential: The Containers as a Service (CaaS) market is projected to reach nearly $48.84 billion by 2035, highlighting the strategic significance of Commvault's enterprise-scale unified resilience solutions that help clients maintain competitiveness in a rapidly evolving market.
- Event Highlights: Commvault will discuss the importance of hybrid cloud resilience during a lightning talk on May 13, focusing on how to meet recovery point objectives (RPO) and recovery time objectives (RTO), defend against ransomware and disruptions, showcasing its expertise in Red Hat OpenShift environments.
- Executive Meeting Opportunities: Meeting with Commvault's experts will provide clients with insights into its cloud solutions for virtualized environments, further facilitating their migration to Red Hat OpenShift and enhancing their business resilience and security.
See More
Commvault Sponsors Red Hat Summit 2026 to Showcase Resilience Solutions
- Event Highlights: Commvault will showcase its unified AI-enabled platform at booth #329 during the 2026 Red Hat Summit at the Georgia World Congress Center, focusing on providing protection, recovery, and resilience solutions for virtual machines and containers to meet the rapidly growing demand for containerized workloads.
- Market Trends: According to the Cloud Native Computing Foundation, 93% of organizations are using, piloting, or evaluating Kubernetes, with the Containers as a Service market projected to reach nearly $48.84 billion by 2035, indicating strong market demand for Commvault's solutions.
- Technical Talk: Commvault will discuss the importance of hybrid cloud resilience in a lightning talk on May 13, focusing on how to meet recovery point objectives (RPO) and recovery time objectives (RTO), defend against ransomware and disruptions, and enhance compliance for clients in Red Hat OpenShift environments.
- Executive Meeting Opportunities: Attendees can meet with Commvault's experts to learn more about its cloud solutions for virtualized environments and discuss migration to Red Hat OpenShift, further advancing their strategic positioning in data security and business continuity.
See More
Commvault Systems, Inc. Stock Analysis
- Strong Financial Performance: Commvault Systems, Inc. reported Q3 FY2026 revenue of $314 million, a 19% increase, with subscription revenue at $206 million, up 30%, indicating a robust shift towards recurring revenue streams.
- Annual Recurring Revenue Growth: The company's total ARR reached $1.085 billion, up 22%, with subscription ARR at $941 million, reflecting a 28% increase, showcasing enhanced competitiveness and customer retention in the market.
- Market Positioning Shift: Commvault is transitioning from legacy backup to cyber resilience, with its Commvault Cloud Unity platform integrating data protection and identity security, driving strong enterprise deal growth with a 25% increase in transactions over $100K.
- Optimistic Future Outlook: The company projects FY2026 revenue of $1.18 billion, an 18% increase, with subscription growth nearing 30%, indicating that continued platform adoption and expansion in cyber resilience use cases will be crucial amid increasing data complexity.
See More
CommVault Reports Strong Q4 Earnings, Stock Surges
- Earnings Beat: CommVault's Q4 fiscal 2026 report revealed non-GAAP EPS of $1.28 on approximately $312 million in sales, exceeding analyst expectations by $0.19 and $5.3 million respectively, showcasing robust profitability.
- Subscription Growth: The quarter saw subscription service revenue rise about 20% year-over-year, contributing to an annual revenue growth of approximately 13.5% and a 24% increase in EPS compared to the prior year, indicating strong competitive positioning.
- Positive Outlook: The company anticipates annual recurring revenue growth between 18% and 19%, with a midpoint projection of around $1.25 billion, while free cash flow is expected to range from $250 million to $260 million, reflecting solid financial health ahead.
- Share Buyback Plan: CommVault's announcement of a new $250 million share buyback authorization, coupled with a favorable sales and margin outlook, further bolsters market confidence in its stock, contributing to the recent price surge.
See More
Commvault Reports Strong Q4 Growth and Strategic Changes
- Strong Financial Performance: Commvault's Q4 subscription ARR increased by 27% to $989 million, while SaaS ARR grew by 42% to $400 million, demonstrating the company's robust momentum in expanding its market share.
- Accelerated Shareholder Returns: CFO Gary Merrill noted that in Q4, the company repurchased 3 million shares for a total consideration of $259 million, bringing the total buyback for FY2026 to $446 million, reflecting a proactive strategy in capital management and shareholder returns.
- Strategic Leadership Changes: Commvault announced executive changes with Gary Merrill returning as CFO and Geoff Haydon appointed as the new President of Customer and Field Operations, aimed at enhancing the company's leadership in customer service and market responsiveness.
- Optimistic Future Outlook: Merrill guided an 18% to 19% growth in subscription ARR for FY2027, projecting it to reach between $1.20 billion and $1.21 billion, while SaaS ARR is expected to exceed $0.5 billion, indicating strong confidence and clear financial targets for future growth.
See More
Commvault Systems Q4 Results Strong, Stock Jumps 12%
- Earnings Beat: Commvault Systems reported Q4 non-GAAP EPS of $1.28, exceeding estimates by $0.19, with revenue of $312 million reflecting a 13.5% YoY increase and surpassing expectations by $5.3 million, indicating robust performance during its transformation.
- Subscription Revenue Surge: Subscription revenue rose 20% to $208 million, with SaaS revenue soaring 43% to $93 million, demonstrating strong market traction for its newer offerings and significantly contributing to overall revenue growth.
- Sustained Growth Momentum: Total annual recurring revenue (ARR) grew by 21%, with $44 million in net new ARR, highlighting steady demand for Commvault's products and reinforcing its competitive position in the industry.
- Optimistic Future Outlook: Commvault anticipates Q1 FY27 subscription revenue between $263 million and $265 million with EBIT margins around 19%, and projects full-year subscription revenue to reach $1.11 billion to $1.12 billion, reflecting strong confidence in future growth.
See More
Commvault Sponsors Red Hat Summit 2026 to Showcase Resilience Solutions
- Containerized Workload Growth: According to the Cloud Native Computing Foundation, 93% of organizations are using, piloting, or evaluating Kubernetes, indicating a rapid increase in containerized workload adoption, which aligns with Commvault's solutions addressing this market demand.
- Market Potential: The Containers as a Service (CaaS) market is projected to reach nearly $48.84 billion by 2035, highlighting the strategic significance of Commvault's enterprise-scale unified resilience solutions that help clients maintain competitiveness in a rapidly evolving market.
- Event Highlights: Commvault will discuss the importance of hybrid cloud resilience during a lightning talk on May 13, focusing on how to meet recovery point objectives (RPO) and recovery time objectives (RTO), defend against ransomware and disruptions, showcasing its expertise in Red Hat OpenShift environments.
- Executive Meeting Opportunities: Meeting with Commvault's experts will provide clients with insights into its cloud solutions for virtualized environments, further facilitating their migration to Red Hat OpenShift and enhancing their business resilience and security.
See More
Commvault Sponsors Red Hat Summit 2026 to Showcase Resilience Solutions
- Event Highlights: Commvault will showcase its unified AI-enabled platform at booth #329 during the 2026 Red Hat Summit at the Georgia World Congress Center, focusing on providing protection, recovery, and resilience solutions for virtual machines and containers to meet the rapidly growing demand for containerized workloads.
- Market Trends: According to the Cloud Native Computing Foundation, 93% of organizations are using, piloting, or evaluating Kubernetes, with the Containers as a Service market projected to reach nearly $48.84 billion by 2035, indicating strong market demand for Commvault's solutions.
- Technical Talk: Commvault will discuss the importance of hybrid cloud resilience in a lightning talk on May 13, focusing on how to meet recovery point objectives (RPO) and recovery time objectives (RTO), defend against ransomware and disruptions, and enhance compliance for clients in Red Hat OpenShift environments.
- Executive Meeting Opportunities: Attendees can meet with Commvault's experts to learn more about its cloud solutions for virtualized environments and discuss migration to Red Hat OpenShift, further advancing their strategic positioning in data security and business continuity.
See More
Commvault Systems, Inc. Stock Analysis
- Strong Financial Performance: Commvault Systems, Inc. reported Q3 FY2026 revenue of $314 million, a 19% increase, with subscription revenue at $206 million, up 30%, indicating a robust shift towards recurring revenue streams.
- Annual Recurring Revenue Growth: The company's total ARR reached $1.085 billion, up 22%, with subscription ARR at $941 million, reflecting a 28% increase, showcasing enhanced competitiveness and customer retention in the market.
- Market Positioning Shift: Commvault is transitioning from legacy backup to cyber resilience, with its Commvault Cloud Unity platform integrating data protection and identity security, driving strong enterprise deal growth with a 25% increase in transactions over $100K.
- Optimistic Future Outlook: The company projects FY2026 revenue of $1.18 billion, an 18% increase, with subscription growth nearing 30%, indicating that continued platform adoption and expansion in cyber resilience use cases will be crucial amid increasing data complexity.
See More
CommVault Reports Strong Q4 Earnings, Stock Surges
- Earnings Beat: CommVault's Q4 fiscal 2026 report revealed non-GAAP EPS of $1.28 on approximately $312 million in sales, exceeding analyst expectations by $0.19 and $5.3 million respectively, showcasing robust profitability.
- Subscription Growth: The quarter saw subscription service revenue rise about 20% year-over-year, contributing to an annual revenue growth of approximately 13.5% and a 24% increase in EPS compared to the prior year, indicating strong competitive positioning.
- Positive Outlook: The company anticipates annual recurring revenue growth between 18% and 19%, with a midpoint projection of around $1.25 billion, while free cash flow is expected to range from $250 million to $260 million, reflecting solid financial health ahead.
- Share Buyback Plan: CommVault's announcement of a new $250 million share buyback authorization, coupled with a favorable sales and margin outlook, further bolsters market confidence in its stock, contributing to the recent price surge.
See More
Commvault Reports Strong Q4 Growth and Strategic Changes
- Strong Financial Performance: Commvault's Q4 subscription ARR increased by 27% to $989 million, while SaaS ARR grew by 42% to $400 million, demonstrating the company's robust momentum in expanding its market share.
- Accelerated Shareholder Returns: CFO Gary Merrill noted that in Q4, the company repurchased 3 million shares for a total consideration of $259 million, bringing the total buyback for FY2026 to $446 million, reflecting a proactive strategy in capital management and shareholder returns.
- Strategic Leadership Changes: Commvault announced executive changes with Gary Merrill returning as CFO and Geoff Haydon appointed as the new President of Customer and Field Operations, aimed at enhancing the company's leadership in customer service and market responsiveness.
- Optimistic Future Outlook: Merrill guided an 18% to 19% growth in subscription ARR for FY2027, projecting it to reach between $1.20 billion and $1.21 billion, while SaaS ARR is expected to exceed $0.5 billion, indicating strong confidence and clear financial targets for future growth.
See More
Commvault Systems Q4 Results Strong, Stock Jumps 12%
- Earnings Beat: Commvault Systems reported Q4 non-GAAP EPS of $1.28, exceeding estimates by $0.19, with revenue of $312 million reflecting a 13.5% YoY increase and surpassing expectations by $5.3 million, indicating robust performance during its transformation.
- Subscription Revenue Surge: Subscription revenue rose 20% to $208 million, with SaaS revenue soaring 43% to $93 million, demonstrating strong market traction for its newer offerings and significantly contributing to overall revenue growth.
- Sustained Growth Momentum: Total annual recurring revenue (ARR) grew by 21%, with $44 million in net new ARR, highlighting steady demand for Commvault's products and reinforcing its competitive position in the industry.
- Optimistic Future Outlook: Commvault anticipates Q1 FY27 subscription revenue between $263 million and $265 million with EBIT margins around 19%, and projects full-year subscription revenue to reach $1.11 billion to $1.12 billion, reflecting strong confidence in future growth.
See More
