COMMVAULT SYSTEMS INC (CVLT) Form 10-Q — Oct 28, 2026
Commvault reported fiscal Q2 2027 revenue of $312.4M, up 13% year over year, with subscription revenue growing 21% to $268.5M and SaaS revenue up 33% to $106.2M. Net income nearly doubled to $29.1M ($0.69 diluted EPS vs $0.33 a year ago), and operating income rose to $30.4M from $12.5M, with gross margin improving to 81.2% on better SaaS economics. Subscription ARR grew 20% to $1,103.9M and SaaS ARR grew 35% to $454.4M, while Subscription NRR held at 113%. The company repurchased $109.2M of stock in the quarter and had $130.7M remaining under its $250M authorization as of September 30, 2026.
Key figures
- Eps
- 0.69
- Revenue
- 312389000
- Net Income
- 29111000
- Total Debt
- 900000000
- Revenue Yoy
- 13%
- Total Assets
- 1875062000
- Cash Position
- 897250000
- Shares Outstanding
- 40912591
- Saas arr
- $454.4M (+35%)
- Gross margin q2
- 81.2% (vs 80.1%)
- Saas revenue q2
- $106.2M (+33% YoY)
- Subscription arr
- $1,103.9M (+20%)
- Subscription nrr
- 113%
- Buyback remaining
- $130.7M
- Convertible notes
- $900M 0% due September 15, 2030, conversion price ~$236.88
- Q2 fy2027 revenue
- $312.4M
- Buybacks six months
- $119.3M
- Operating income q2
- $30.4M (vs $12.5M)
- Diluted eps yoy prior
- $0.33
- Effective tax rate q2
- 24.9% vs 2.5%
- Subscription revenue q2
- $268.5M (+21% YoY)
- Revolving credit facility
- $300M undrawn, expires April 2030
- Operating cash flow six months
- $126.5M
- Remaining performance obligations
- $1,074.7M
AI analysis
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