Commvault Q3 revenue beats estimates on demand for AI-enabled platforms

Commvault Systems

27/01/2026 12:54

Overview

Data protection firm's fiscal Q3 revenue rose 19% yr/yr, beating analyst expectations

Adjusted EPS for fiscal Q3 beat analyst expectations

Company's ARR grew 22% yr/yr, reaching $1,085 mln

Outlook

Commvault expects Q4 revenue between $305 mln and $308 mln

Company anticipates full-year revenue between $1,177 mln and $1,180 mln

Commvault projects full-year free cash flow between $215 mln and $220 mln

Result Drivers

AI-ENABLED PLATFORM - CEO Sanjay Mirchandani attributed growth to customer demand for AI-enabled platforms addressing identity and emerging threats

SUBSCRIPTION REVENUE GROWTH - Subscription revenue increased 30% yr/yr, driven by term-based licenses and SaaS offerings

NEW PARTNERSHIPS - Partnerships with Delinea and Pinecone expanded data security and recovery offerings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$314 mln
$299.10 mln (12 Analysts)
Q3 Adjusted EPS
Beat
$1.17
$0.98 (12 Analysts)
Q3 ARR
$1.09 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Commvault Systems Inc is $187.00, about 44.6% above its January 26 closing price of $129.36

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 43 three months ago

Press Release: ID:nPn6n41VWa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)