Commvault reports Q2 FY27 results, raises full‑year subscription outlook but issues weaker guidance
Commvault Systems announced fiscal Q2 2027 results on Oct. 27, 2026. Subscription revenue was $269 million, up 21% year‑over‑year, and subscription ARR reached $1.104 billion, up 20% YoY (constant‑currency ARR $1.107 billion). Non‑GAAP EPS was $1.38, beating estimates, while operating cash flow was $75 million and free cash flow $71 million. The company guided Q3 subscription revenue to $293‑$297 million and full‑year subscription revenue to $1,127‑$1,133 million, with full‑year ARR of $1,205‑$1,215 billion and non‑GAAP EBIT margin of 21.0%‑21.5% for the year.
Why it matters
Analysts noted that the weaker Q3 and full‑year guidance outweighed the earnings beat, prompting the stock to fall (e.g., a 9.4% drop reported by investing.com). The raised full‑year subscription outlook signals continued growth, but the lower margin guidance may pressure valuation.
Key facts
- 1Subscription revenue was $269 million, up 21% year‑over‑year. prnewswire.com
- 2Subscription ARR was $1.104 billion, up 20% year‑over‑year. prnewswire.com
- 3Constant‑currency subscription ARR was $1.107 billion. prnewswire.com
- 4SaaS revenue was $106 million, up 33% year‑over‑year. prnewswire.com
- 5Operating cash flow was $75 million; free cash flow was $71 million. prnewswire.com
- 6Non‑GAAP EPS for the quarter was $1.38. seekingalpha.com
Summary written by AlphAI AI Desk from 17 of 17 sources. Not investment advice. Figures are as stated by the linked sources.