Commvault Systems, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 28, 2026, reporting second-quarter results including total revenues of $312,389 thousand and net income of $29,111 thousand.

Key Highlights

  • Total revenues of $312,389 thousand for the three months ended September 30, 2026, compared with $276,188 thousand in the same period of the prior year, according to the filing.
  • Net income of $29,111 thousand for the quarter, versus $14,730 thousand in the comparable prior-year quarter, as reported in the consolidated statements of operations.
  • Software-as-a-service revenue of $106,203 thousand for the three months ended September 30, 2026, up from $80,018 thousand in the same quarter a year earlier.
  • Diluted earnings per share of $0.69 for the three months ended September 30, 2026, compared with $0.33 in the prior-year quarter.
  • Cash and cash equivalents of $897,250 thousand as of September 30, 2026, per the consolidated balance sheet.
  • 40,912,591 shares of common stock outstanding as of October 26, 2026, as stated on the cover page of the filing.
  • Common stock repurchases totaling $120,123 thousand during the six months ended September 30, 2026, per the consolidated statements of stockholders' equity.

Commvault Reports Second-Quarter and Six-Month Results for Fiscal Period Ending September 30, 2026

According to the Form 10-Q filed on NASDAQ:CVLT for the quarterly period ended September 30, 2026, Commvault Systems reported total revenues of $312,389 thousand for the three-month period, an increase from $276,188 thousand in the three months ended September 30, 2025. Subscription revenue, which the company disclosed includes term-based license, term-based support, and software-as-a-service, totaled $268,512 thousand for the quarter, compared with $222,351 thousand a year earlier. Total revenues for the six months ended September 30, 2026 were $626,520 thousand, up from $558,166 thousand for the same six-month period in 2025.

The filing reported gross margin of $253,519 thousand for the three months ended September 30, 2026, versus $221,144 thousand in the prior-year quarter. Income from operations was $30,377 thousand for the quarter, compared with $12,491 thousand a year prior. Income tax expense for the three-month period was $9,643 thousand, resulting in net income of $29,111 thousand. For the six months ended September 30, 2026, net income was $50,250 thousand, compared with $38,226 thousand for the same period in 2025. Basic earnings per share were $0.71 for the quarter and $1.22 for the six-month period, while diluted earnings per share were $0.69 and $1.19, respectively.

As of September 30, 2026, the consolidated balance sheet reflected total assets of $1,875,062 thousand and total stockholders' equity of $12,534 thousand. The company disclosed convertible notes, net, of $882,989 thousand and total deferred revenue of $763,860 thousand (current portion of $472,746 thousand and long-term portion of $291,114 thousand). During the six months ended September 30, 2026, the company repurchased 906 thousand shares of common stock for $120,123 thousand, according to the statements of stockholders' equity.

What Was Disclosed

Commvault Systems filed a 10-Q for the quarter ended September 30, 2026, reporting quarterly total revenues of $312,389 thousand, net income of $29,111 thousand, diluted EPS of $0.69, and cash of $897,250 thousand, with 40,912,591 shares outstanding as of October 26, 2026.