Cybersecurity firm Commvault's Q1 revenue beats estimates

Commvault Systems

29/07/2025 12:54

Corrects adjusted free cash flow in Key Details table to $29.8 mln, not $32 mln

Overview

Commvault fiscal Q1 revenue rises 26% yr/yr, beating analyst expectations

Adjusted EPS for fiscal Q1 beats analyst estimates, per LSEG data

Annualized recurring revenue grew 24% yr/yr to $996 mln

Outlook

Commvault sees Q2 revenue between $272 mln and $274 mln

Company expects Q2 subscription revenue between $174 mln and $176 mln

Commvault forecasts FY 2026 revenue between $1,161 mln and $1,165 mln

Company anticipates FY 2026 subscription ARR to grow 24% year-over-year

Result Drivers

CUSTOMER GROWTH - Commvault attributes its strong fiscal Q1 performance to increased customer growth and disciplined execution, per CEO Sanjay Mirchandani

CYBER RESILIENCE DEMAND - Rising demand for Commvault's cyber resilience platform contributed to the revenue increase, according to CEO Sanjay Mirchandani

SUBSCRIPTION REVENUE BOOST - Subscription revenue rose 46% yr/yr, driven by a 66% increase in SaaS revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$282 mln
$267.80 mln (9 Analysts)
Q1 Adjusted EPS
Beat
$1.01
$0.97 (9 Analysts)
Q1 EPS
$0.52
Q1 Adjusted EBIT
$58 mln
Q1 Adjusted Free Cash Flow
$29.8 mln
Q1 ARR
$996 mln
Q1 EBIT
$25 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "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 $190.06, about 14% above its July 28 closing price of $163.43

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nPn86QnPXa

 (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.)