Filing Flows › Commvault Systems (CVLT) › Q1 FY26
Commvault Systems (CVLT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jul 30, 2025
Commvault Systems (CVLT) reported revenue of $282M for the first quarter fiscal 2026 (Q1 FY26), +26% from a year earlier and +3% from the quarter before. Operating margin was 8.9%, net earnings $23.5M (8.3% of revenue).
Commvault Systems, Q1 FY26: revenue $282M (+26% year over year), operating margin 8.9%, net earnings $23.5M, operating cash flow $31.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $282M | +3% | +26% |
| Gross profit | $231M | +2% | +25% |
| Operating profit | $25.1M | -6% | +36% |
| Net earnings | $23.5M | -24% | +27% |
| Operating cash flow | $31.7M | -59% | -29% |
| Free cash flow | $29.8M | -61% | -32% |
What changed
Revenue was $282.0M in Q1 FY26, up 26% year over year and up 3% from the previous quarter. Term-based software licenses was the largest line at 39% of revenue. Term-based software licenses added $28.9M year over year (up 36%), 50% of the total change. Perpetual license declined 47%.
Gross margin was 82.0%, down 0.3 points from a year earlier. Operating profit was $25.1M, a 8.9% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 8% margin then. Operating expenses grew 24% against revenue growth of 26%. The fastest-growing cost line was General & admin (+34%). Net earnings were $23.5M, up 27% year over year. The effective tax rate was 12.6%.
Operating cash flow was $31.7M (down 29% year over year), 135% of net earnings. Non-cash charges added back $2.6M of depreciation and amortization and $30.2M of share-based compensation. Working capital and other items used $24.6M. Capital expenditures of $1.9M left free cash flow of $29.8M.
Questions
What was Commvault Systems' revenue in the first quarter fiscal 2026?
Commvault Systems (CVLT) reported revenue of $282M for the first quarter fiscal 2026 (Q1 FY26), +26% from a year earlier and +3% from the quarter before.
Was Commvault Systems profitable in the first quarter fiscal 2026?
Operating profit was $25.1M (8.9% of revenue) and net earnings $23.5M.
Source: Commvault Systems 10-Q on SEC EDGAR.