Key Highlights

● Total revenue was $314.1 million in the first quarter of fiscal 2027, up 11%.

● Subscription ARR reached $1,054 million, up 22% on a year earlier.

● Fiscal 2027 guidance targets subscription ARR of $1,200 million to $1,210 million.

● Commvault will report second-quarter results on 27 October 2026 with a webcast.

Latest verified development

Commvault Systems, Inc. (NASDAQ:CVLT) said on 6 October 2026 that it will report second-quarter fiscal 2027 results on Tuesday 27 October 2026, with a webcast at 8:30 a.m. Eastern. The announcement fixes the next major disclosure date.

In the days around it, the company issued other news. It appointed Matthew Stauble as Chief Customer Officer on 7 October, and on 15 October it announced resilience capabilities for Microsoft 365.

Latest reported results

The latest results were for the first quarter of fiscal 2027, released on 28 July 2026 for the quarter ended 30 June. Total revenue was $314.1 million, up 11%, and subscription revenue was $267 million, up 16%. Subscription annual recurring revenue, a company-defined measure, was $1,054 million, up 22%.

Diluted earnings per share were $0.50 on a GAAP basis and $1.42 non-GAAP. Operating cash flow was $51.7 million and cash and equivalents were $930 million. The company repurchased about 98,000 shares for $10 million. Chief executive Sanjay Mirchandani said Commvault is well positioned to continue taking share in an AI-first world, a statement of view rather than a measured result.

The gap between GAAP and non-GAAP earnings is $0.92 per share, which makes the reconciliation worth reading. Subscription ARR is a forward-looking operating indicator rather than recognised revenue, which is why it can grow faster than the reported subscription line.

Guidance

For the second quarter, Commvault guided subscription revenue of $264 million to $268 million and a non-GAAP operating margin of about 20%. The midpoint, $266 million, is marginally below the $267 million reported for the first quarter, so the guide does not point to sequential growth in that line.

For fiscal 2027 as a whole it updated its forward outlook to subscription revenue of $1,119 million to $1,129 million, subscription ARR of $1,200 million to $1,210 million, a non-GAAP operating margin of about 21% and free cash flow of $250 million to $260 million. It expects to spend about 60% of free cash flow on share repurchases.

The full-year ARR range implies growth of roughly $146 million to $156 million from the first-quarter figure over the remaining three quarters, or about 14% at the midpoint. That is growth over three quarters, not a year-on-year rate, so it is not directly comparable with the 22% reported.

Commvault's second-quarter markers

The 27 October report will show reported subscription revenue against the $264 million to $268 million guide, subscription ARR on the path towards $1,200 million to $1,210 million, and free cash flow against the $250 million to $260 million target. Buybacks stand at $10 million for the first quarter, set against the stated 60% of free cash flow.

With second-quarter subscription revenue guidance sitting close to the first-quarter figure, the sharper question is how the roughly $146 million to $156 million of net new ARR needed by year end is spread across the remaining three quarters, from a base of $1,054 million.