Commvault Q4 revenue rises 13%, beats estimates on subscription boost

Commvault Systems

28/04/2026 12:54

Overview

US data protection software firm's fiscal Q4 revenue rose 13% yr/yr, beating analyst expectations

Company reported record $132 mln free cash flow in fiscal Q4

Commvault repurchased about 3 mln shares for $259 mln in fiscal Q4

Outlook

Commvault sees Q1 subscription revenue between $263 mln and $265 mln

Company expects FY27 total revenue between $1,300 mln and $1,310 mln

Commvault forecasts FY27 free cash flow between $250 mln and $260 mln

Result Drivers

SUBSCRIPTION GROWTH - Subscription revenue rose 20% yr/yr, driven by term-based license and SaaS growth

SAAS MOMENTUM - SaaS revenue increased 43% yr/yr, reflecting continued expansion of cloud-based offerings

CUSTOMER EXPANSION - Co said results were fueled by new and expanding customer relationships, per CEO Sanjay Mirchandani

Company press release: ID:nPn6Bxk02a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$312 mln
$307.13 mln (15 Analysts)
Q4 ARR
$44 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "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 $134.78, about 52.4% above its April 27 closing price of $88.41

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 29 three months ago

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