Commvault Systems Inc 2026: Revenue $314.13M, EPS $0.5— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Commvault Systems Inc reported Q2 2026 revenue of $314.13M, up 11.4% YoY, with diluted EPS of $0.5. Net income decreased to $21.14M from $23.5M. Subscription revenue rose 16%, driven by a 39% surge in SaaS revenue and increased SaaS ARR to $424.3M. SaaS gross margin improved to 70.5%. Subscription offerings now constitute approximately 85% of total revenue, highlighting the company's continued shift away from perpetual support models.
Commvault Systems Inc reported results for the 2026 quarter with revenue of $314.13M, up 11.4% from $281.98M a year earlier, while diluted EPS was $0.5 and net income was $21.14M.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $314.13M | $281.98M | 11.4% |
| Net income² | $21.14M | $23.5M | (10%) |
| Diluted EPS³ | $0.5 | $0.52 | (3.8%) |
¹ Reported as “Total revenues”. ² Reported as “Net income”. ³ Reported as “Diluted income per common share”.
Business Highlights
- Subscription revenue rose 16% year over year, driven by strong SaaS adoption.
- SaaS revenue grew 39%, and SaaS ARR increased to $424.3M, up 38% year over year.
- SaaS gross margin improved to about 70.5% from 64.1% due to infrastructure optimizations and partner economics.
- Approximately 90% of sales were through indirect channels; marketplace transactions represented roughly 10% of revenue, aiding cloud distribution.
- Subscription-based offerings now account for about 85% of total revenue, reflecting continued shift away from perpetual support.
Original SEC Filing: COMMVAULT SYSTEMS INC [ CVLT ] - 10-Q - Jul. 29, 2026