Filing Flows › Commvault Systems (CVLT) › Q4 FY26
Commvault Systems (CVLT) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 11, 2026
Commvault Systems (CVLT) reported revenue of $312M for the fourth quarter fiscal 2026 (Q4 FY26), +13% from a year earlier and -0.7% from the quarter before. Operating margin was 5.3%, net earnings $14.6M (4.7% of revenue).
Commvault Systems, Q4 FY26: revenue $312M (+13% year over year), operating margin 5.3%, net earnings $14.6M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $312M | -0.7% | +13% |
| Gross profit | $254M | -0.3% | +12% |
| Operating profit | $16.6M | -16% | -38% |
| Net earnings | $14.6M | -18% | -53% |
| Operating cash flow | $132M | 33× | +72% |
| Free cash flow | $132M | 68× | +73% |
What changed
Revenue was $311.7M in Q4 FY26, up 13% year over year and down 1% from the previous quarter. Term-based software licenses was the largest line at 37% of revenue.
Gross margin was 81.4%, down 1.2 points from Q4 FY25. Operating profit was $16.6M, a 5.3% margin (down 4.4 points year over year). Operating profit fell $10.1M even though revenue rose $36.7M versus Q4 FY25, so costs grew faster than sales. Operating expenses grew 18% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+659%). Net earnings were $14.6M, down 53% year over year. The effective tax rate was 36.6%. Non-operating items added $6.5M, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $132.2M (up 72% year over year), 902% of net earnings. Non-cash charges added back $893K of depreciation and amortization and $32.0M of share-based compensation. Working capital and other items added $84.7M. Capital expenditures of $344K left free cash flow of $131.8M.
Questions
What was Commvault Systems' revenue in the fourth quarter fiscal 2026?
Commvault Systems (CVLT) reported revenue of $312M for the fourth quarter fiscal 2026 (Q4 FY26), +13% from a year earlier and -0.7% from the quarter before.
Was Commvault Systems profitable in the fourth quarter fiscal 2026?
Operating profit was $16.6M (5.3% of revenue) and net earnings $14.6M.
Source: Commvault Systems 10-K on SEC EDGAR.