Filing Flows › Commvault Systems (CVLT) › Guidance history
Commvault Systems (CVLT) guidance history: what it guided and what it reported
Commvault Systems gave guidance in 12 earnings releases on file since Jan 30, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +3.2% against the guided midpoint. Its releases raised guidance twice and lowered it 0 times.
Revenue
Met or beat 2 of 2 periods (2 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $1.3B–$1.3B (Apr 28, 2026) | — | to be reported | — |
| Q4 FY25 | $260M–$264M (Jan 28, 2025) | $275M | above the range | +5.0% |
| FY25 | $904M–$914M (Apr 30, 2024) → raised $915M–$925M (Jul 30, 2024) → raised $952M–$957M (Oct 29, 2024) → raised $980M–$985M (Jan 28, 2025) | $996M | above the range | +1.3% |
| Q3 FY25 | $243M–$247M (Oct 29, 2024) | — | — | — |
| Q2 FY25 | $218M–$222M (Jul 30, 2024) | — | — | — |
| Q1 FY25 | $213M–$216M (Apr 30, 2024) | — | — | — |
| FY24 | $826M–$830M (Jan 30, 2024) | — | — | — |
| Q4 FY24 | $210M–$214M (Jan 30, 2024) | — | — | — |
Adjusted gross margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | 81.0%–82.0% (Apr 29, 2025) → reaffirmed 81.0%–82.0% (Jul 29, 2025) → lowered 80.0%–81.0% (Oct 28, 2025) → raised 81.0% (Jan 27, 2026) | — | — | — |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q3 FY27 | 20.5%–21.0% (Oct 27, 2026) | — | to be reported | — |
| Q2 FY27 | 20.0% (Jul 28, 2026) | — | — | — |
| FY27 | 19.0% (Apr 28, 2026) → raised 21.0% (Jul 28, 2026) → raised 21.0%–21.5% (Oct 27, 2026) | — | to be reported | — |
| FY26 | 21.0% (Apr 29, 2025) → lowered 20.0% (Jul 29, 2025) → lowered 18.0%–19.0% (Oct 28, 2025) → raised 19.0% (Jan 27, 2026) | — | — | — |
| Q4 FY25 | 20.0%–21.0% (Jan 28, 2025) | — | — | — |
| Q3 FY25 | 20.0%–21.0% (Oct 29, 2024) | — | — | — |
| Q2 FY25 | 19.0%–20.0% (Jul 30, 2024) | — | — | — |
| FY25 | 20.0%–21.0% (Apr 30, 2024) → reaffirmed 20.0%–21.0% (Jul 30, 2024) → reaffirmed 20.0%–21.0% (Oct 29, 2024) → reaffirmed 20.0%–21.0% (Jan 28, 2025) | — | — | — |
| Q1 FY25 | 18.0%–19.0% (Apr 30, 2024) | — | — | — |
| Q4 FY24 | 20.0%–21.0% (Jan 30, 2024) | — | — | — |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $250M–$260M (Apr 28, 2026) → reaffirmed $250M–$260M (Jul 28, 2026) → raised $255M–$265M (Oct 27, 2026) | — | to be reported | — |
| FY26 | $210M–$215M (Apr 29, 2025) → reaffirmed $210M–$215M (Jul 29, 2025) → raised $225M–$230M (Oct 28, 2025) | $237M (GAAP) | not judged | — |
| FY25 | $200M (Apr 30, 2024) → reaffirmed $200M (Jul 30, 2024) → reaffirmed $200M (Oct 29, 2024) → lowered $170M–$200M (Jan 28, 2025) | $204M (GAAP) | not judged | — |
| FY24 | $170M (Jan 30, 2024) | — | — | — |
The latest quarter
Commvault Systems, Q2 FY27: revenue $312M (+13% year over year), operating margin 9.7%, net earnings $29.1M, operating cash flow $74.8M. The chart follows the revenue to costs, profit and cash.
Questions
Does Commvault Systems beat its guidance?
Commvault Systems gave guidance in 12 earnings releases on file since Jan 30, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Revenue: 2 of 2, on average +3.2% against the guided midpoint.
How often does Commvault Systems raise guidance?
Its earnings releases raised guidance twice and lowered it 0 times since Jan 30, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.