Commvault post Q3 fiscal revenue of $314M, up 19% year-over-year

Commvault Systems (NASDAQ:CVLT) reported strong financial results for its third quarter of fiscal 2026 ended December 31, 2025, driven by robust demand for its cloud-native data protection and cyber resilience solutions.

Total revenue reached $314 million, increasing 19% year-over-year.

Annualized recurring revenue (ARR) grew 22% to $1,085 million, with subscription ARR rising 28% to $941 million.

Subscription revenue increased 30% to $206 million, underscoring the continued shift toward recurring, high-margin software models.

GAAP income from operations was $20 million, representing a 6.3% margin.

Non-GAAP EBIT totaled $61 million, or a 19.6% margin.

Operating cash flow was $4 million and free cash flow was $2 million for the quarter, impacted by working capital timing.

For the fourth quarter of fiscal 2026, Commvault guided for revenue in the range of $305 million to $308 million.

Full-year fiscal 2026 revenue guidance is $1,177 million to $1,180 million, with expected free cash flow of $215 million to $220 million.