Commvault Systems reported Q2 fiscal 2027 total revenue of $312.4 million, up 13% year over year. Subscription revenue was $268.5 million, up 21%, including $106.2 million of SaaS revenue, up 33%. Subscription ARR reached $1,104 million, up 20%. GAAP net income was $29.1 million versus $14.7 million a year earlier, and diluted GAAP EPS was $0.69 versus $0.33. GAAP operating income was $30.4 million; non-GAAP EBIT was $68.3 million, a 21.9% margin.
Operating cash flow was $74.8 million and non-GAAP free cash flow was $70.9 million. Commvault repurchased approximately 906,000 common shares for $119 million during the six months ended September 30, 2026; cash and cash equivalents were $897.3 million as of that date. Q3 fiscal 2027 guidance is subscription revenue of $293 million to $297 million and non-GAAP EBIT margin of 20.5% to 21.0%. Updated full-year guidance is subscription revenue of $1,127 million to $1,133 million, Subscription ARR of $1,205 million to $1,215 million, non-GAAP EBIT margin of 21.0% to 21.5%, free cash flow of $255 million to $265 million, and approximately 42 million diluted shares outstanding.
Commvault Systems director David H. Morton Jr. was granted 1,317 shares of common stock as restricted stock units on October 9, 2026. All of the units will vest on the date of the 2027 Annual Meeting of Stockholders. His reported direct common stock holdings after the grant were 1,317 shares.
Commvault Systems Inc. (CVLT) reports that director David H. Morton Jr. beneficially owned no securities. His reported direct holdings were 0 shares on September 22, 2026.
Commvault Systems, Inc. appointed David Morton, Jr. to its board on September 22, 2026, to serve until the company’s 2027 Annual Meeting of Stockholders. He was also appointed Chairperson of the Operating Committee, and the board determined he is independent under Nasdaq listing standards.
Morton has served as Executive Vice President and CFO of Intapp since 2023. He previously held the same title at DigiCert from 2021 to 2023 and Anaplan from 2018 to 2021, and served as EVP and CFO of Seagate from 2015 to 2018. He is eligible for an annual director retainer consisting of cash and restricted stock units, prorated for his partial-year term.
COMMVAULT SYSTEMS INC (CVLT) director Nicola Adamo reported selling 1,530 shares of common stock on September 11, 2026, in an open market or private transaction at $131.66 per share. Following this sale, the director directly holds 17,598 shares of Commvault Systems common stock.
COMMVAULT SYSTEMS INC (CVLT) has a notice of proposed sale under Rule 144 filed on behalf of Nicholas Adamo, covering up to 1,530 shares of common stock to be sold through Fidelity Brokerage Services LLC on NASDAQ. The shares relate to restricted stock vesting on August 8, 2025, received from the issuer as compensation.
The filing lists common stock with an indicated aggregate market value of $201,443.93 for the 1,530 shares. The notice is signed by Wade Moss as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Nicholas Adamo.
COMMVAULT SYSTEMS INC (CVLT) reported an internal equity transfer by President & CEO Sanjay Mirchandani. On August 31, 2026, 37,372 shares of common stock were transferred as a bona fide gift from the Sanjay S. Mirchandani 2025 GRAT to the Sanjay S. Mirchandani Revocable Trust. The footnote states Mirchandani maintains indirect beneficial ownership of these shares and that this was not a market transaction, so no price was reported.
COMMVAULT SYSTEMS INC (CVLT) is the issuer for a notice that director Arlen Shenkman, through Fidelity Brokerage Services LLC, may sell up to 5,856 shares of common stock under Rule 144 on or after 08/20/2026 on NASDAQ. The shares relate to restricted stock vesting events designated as compensation, including 3,137 shares vesting on 08/29/2024, 1,530 shares vesting on 08/08/2025, and 1,189 shares vesting on 08/07/2026.
COMMVAULT SYSTEMS INC (CVLT) reported insider transactions by its Chief Financial Officer, Gary Merrill. Merrill reported two open-market sales of Common Stock totaling 3,147 shares. On August 18, 2026, he sold 1,854 shares at $143.64 per share solely to satisfy tax withholding obligations on vested restricted and performance stock, with proceeds remitted to the IRS. On August 19, 2026, he sold 1,293 shares at $142.80 per share pursuant to an existing Rule 10b5-1 trading plan adopted on November 20, 2024 and amended on June 13, 2025.
COMMVAULT SYSTEMS INC (CVLT) reported insider stock sales by Chief Accounting Officer Danielle Nicole Abrahamsen. She sold a total of 996 shares of common stock in three open-market transactions on August 17, 18, and 19, 2026, at prices between $142.80 and $143.98 per share.
Sales of 486 shares on August 19 and 119 shares on August 17 were effected under an existing Rule 10b5-1 trading plan adopted on February 17, 2026. A separate sale of 391 shares on August 18 was automatically executed solely to satisfy tax withholding obligations upon vesting of restricted and performance stock, with proceeds remitted to the Internal Revenue Service.