Every material Form 8-K CommVault Systems has filed with the SEC since October 03, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Commvault reported fiscal second-quarter 2027 results for the period ended September 30, 2026. Total revenue rose 13% year over year to $312.4 million, GAAP net income more than doubled to $29.1 million, and the company updated its full-year fiscal 2027 outlook, including subscription revenue of $1,127 million to $1,133 million.
Total revenue was $312.4 million, up 13% year over year; subscription revenue was $268.5 million, up 21%
GAAP diluted EPS was $0.69 versus $0.33 a year earlier; non-GAAP diluted EPS was $1.38 versus $0.91
Subscription ARR reached $1,104 million, up 20% year over year, and full-year subscription ARR guidance midpoint was raised to $1,210 million from $1,205 million
Full-year fiscal 2027 guidance: subscription revenue of $1,127 million to $1,133 million, non-GAAP EBIT margin of 21.0% to 21.5%, and free cash flow of $255 million to $265 million
Commvault appointed David Morton Jr. to its board of directors on September 22, 2026, to serve until the 2027 Annual Meeting of Stockholders, and he also became chairperson of the Operating Committee. The board determined that Morton is independent under Nasdaq listing standards, and he is currently executive vice president and CFO of Intapp, Inc. The filing includes no financial results; it describes his role and director pay, which is prorated for his partial term.
Appointed to the board on September 22, 2026, with a term until the 2027 Annual Meeting of Stockholders
Designated Chairperson of the Operating Committee
Currently EVP and CFO of Intapp, Inc., a role held since 2023; previously CFO at DigiCert and Anaplan, and EVP and CFO at Seagate Technology from 2015 to 2018
Press release announcing the appointment dated September 24, 2026, furnished as Exhibit 99.1
Commvault reported first-quarter fiscal 2027 revenue of $314.1 million, up 11% year over year, with subscription revenue up 16% to $267.0 million. GAAP diluted earnings per share fell to $0.50 from $0.52 a year earlier, including a $2.4 million restructuring charge, while non-GAAP diluted EPS rose to $1.42 from $1.01. The company also updated its full-year fiscal 2027 subscription revenue and free cash flow guidance.
Total revenue was $314.1 million, up 11% year over year; subscription revenue was $267.0 million, up 16%.
GAAP net income was $21.1 million, down from $23.5 million; GAAP diluted EPS was $0.50 versus $0.52.
Non-GAAP diluted EPS was $1.42 versus $1.01; free cash flow was $51.1 million, up 71%.
Updated fiscal 2027 guidance: subscription revenue of $1,119 million to $1,129 million and free cash flow of $250 million to $260 million.
Commvault reported fourth-quarter fiscal 2026 revenue of $312 million, up 13% year over year, and non-GAAP diluted earnings per share of $1.28, up from $1.03. GAAP net income fell to $15 million, or $0.34 per diluted share, from $31 million, after an $18.6 million restructuring charge. The company also gave fiscal 2027 guidance for total revenues of $1,300 million to $1,310 million and free cash flow of $250 million to $260 million.
Q4 fiscal 2026 total revenues were $312 million, up 13% year over year; SaaS revenue was $93 million, up 43%.
GAAP net income was $15 million ($0.34 per diluted share) versus $31 million ($0.69) a year earlier; restructuring expense was $18.6 million.
Non-GAAP diluted EPS was $1.28 versus $1.03; operating cash flow was $132 million.
Fiscal 2027 guidance: total revenues $1,300 million to $1,310 million; subscription revenue $1,115 million to $1,125 million; free cash flow $250 million to $260 million.
Commvault appointed Gary Merrill as Chief Financial Officer effective April 13, 2026, ending his role as Chief Commercial Officer, and named director Geoff Haydon as President of Customer and Field Operations, with Haydon resigning from the Board. The company also reaffirmed its fourth quarter and fiscal 2026 guidance issued January 27, 2026, which gives shareholders no new financial figures but confirms the outlook before the next earnings call on April 28, 2026.
Gary Merrill, who has been Chief Commercial Officer since August 2024 and was CFO from 2022 to 2024, becomes CFO effective April 13, 2026.
Merrill's offer letter sets a $500,000 base salary and a $500,000 annualized target variable award, plus sign-on RSUs of about $1,000,000 and an equity award of about $5,000,000.
Haydon, a Board member since October 2025, notified the Board on April 8, 2026 that he would resign as a director; his offer letter sets a $500,000 base salary and sign-on equity of about $5,500,000.
Commvault reaffirmed its fourth quarter and fiscal 2026 guidance and will hold its next earnings call on April 28, 2026.
Commvault reported fiscal third-quarter results for the period ended December 31, 2025, with revenue of $314 million, up 19% year over year, and GAAP net income of $18 million, or $0.40 per diluted share, versus $0.24 a year earlier. The company also updated its full-year fiscal 2026 guidance, now calling for total revenue of $1,177 million to $1,180 million, and said a restructuring charge of $11.9 million in the quarter relates to a cost optimization program.
Q3 total revenue was $313.8 million, up 19%; subscription revenue was $206 million, up 30%.
GAAP diluted EPS was $0.40 versus $0.24 a year earlier; non-GAAP diluted EPS was $1.17 versus $0.94.
Restructuring expense was $11.9 million in the quarter; operating cash flow was $4 million, with free cash flow of $2 million.
Full-year fiscal 2026 free cash flow is expected at $215 million to $220 million, including one-time payments tied to the restructuring plan; the board made $250 million available for share repurchases as of January 14, 2026.
Commvault said Chief Financial Officer Jennifer DiRico will leave at the end of the calendar year to pursue an opportunity in another industry, and the company has started a search for her successor. Until a new CFO is in place, CEO Sanjay Mirchandani will oversee a newly formed Office of the CFO with Kevin White and Danielle Abrahamsen, and the company says its outlook is unchanged.
DiRico notified the company on November 30, 2025, and will resign at the end of the calendar year.
The filing says her departure is not related to any disagreement, including on accounting, disclosures, internal controls, management or operations.
Mirchandani will oversee the Office of the CFO with Kevin White, Vice President of Finance, and Danielle Abrahamsen, Chief Accounting Officer.
The company says there are no changes to the outlook from its October 28, 2025 second quarter results and expects to report third quarter fiscal 2026 results at the end of January 2026.
Commvault reported fiscal second-quarter 2026 results for the period ended September 30, 2025, with total revenues up 18% year over year to $276 million and total ARR passing $1 billion. GAAP diluted EPS was $0.33, down from $0.35 a year earlier, while non-GAAP diluted EPS rose to $0.91 from $0.83. The company gave updated full-year fiscal 2026 revenue guidance of $1,161 million to $1,165 million, which incorporates the Satori Cyber acquisition that closed August 28, 2025.
Total revenues were $276 million, up 18% year over year, for the quarter ended September 30, 2025.
Total ARR reached $1,043 million, up 22% year over year, surpassing the $1 billion milestone ahead of the March 2026 target.
GAAP diluted EPS was $0.33 versus $0.35 a year earlier; non-GAAP diluted EPS was $0.91 versus $0.83.
Full-year fiscal 2026 total revenue guidance is $1,161 million to $1,165 million; free cash flow guidance is $225 million to $230 million.
Commvault appointed Geoff Haydon, CEO of Ontinue, to its Board of Directors effective October 17, 2025, and he joined the Audit Committee. Director Allison Pickens resigned, notifying the Board on October 15, 2025, to focus on her venture capital firm, and the company said the resignation was not due to any disagreement with the company, management, or the Board.
Geoff Haydon appointed to the Board effective October 17, 2025, to serve until the 2026 Annual Meeting of Stockholders
Haydon joins the Audit Committee and was determined independent under Nasdaq listing standards
Allison Pickens notified the Board on October 15, 2025, of her decision to resign to focus on Allison Pickens Ventures
Commvault stated Pickens' resignation was not associated with any disagreement with the company, its management, or the Board
On September 5, 2025, Commvault issued $900 million of 0% convertible senior notes due September 15, 2030, and initial purchasers exercised in full an option for an additional $115 million. The notes are unsecured and convertible into common stock at an initial conversion price of about $236.88 per share, and the company will pay cash up to principal on conversion, so shareholders should note the added debt and possible future share dilution.
Notes issued September 5, 2025: $900 million base principal plus $115 million from the option exercised September 3, 2025
Initial conversion rate of 4.2215 shares per $1,000 principal, equal to an initial conversion price of about $236.88 per share
Company may not redeem the notes before September 22, 2028; notes sold to qualified institutional buyers under Rule 144A
Commvault reported first-quarter fiscal 2026 results for the quarter ended June 30, 2025, with total revenue of $282 million, up 26% year over year, and GAAP net income of $23 million, or $0.52 per diluted share, compared with $0.41 a year earlier. The company also issued revenue guidance for the second quarter and updated full-year fiscal 2026 revenue guidance, and said the pending Satori Cyber acquisition is expected to close in the second quarter.
Total revenue was $282 million, up 26% year over year; total ARR grew to $996 million, up 24%.
GAAP net income was $23 million, or $0.52 per diluted share, versus $0.41 per diluted share a year earlier.
Second-quarter fiscal 2026 total revenue is expected to be $272 million to $274 million; full-year total revenue is expected to be $1,161 million to $1,165 million.
The acquisition of Satori Cyber, Ltd. is expected to close in the second quarter of fiscal 2026.
Commvault reported fourth-quarter fiscal 2025 results for the quarter ended March 31, 2025. Revenue rose 23% to $275 million and full-year revenue rose 19% to $996 million, but GAAP net income fell to $31 million from $126 million a year earlier, when the company recorded a large income tax benefit. The company also issued fiscal 2026 revenue guidance of $1,130 million to $1,140 million.
Q4 subscription revenue was $173 million, up 45% year over year.
Q4 GAAP net income was $31 million, or $0.69 per diluted share, versus $126 million, or $2.81, a year earlier.
Q4 non-GAAP diluted EPS was $1.03, compared with $0.79 a year earlier.
On April 17, 2025, the Board increased the share repurchase program to $250 million.
Commvault Systems entered a new five-year senior secured revolving credit facility on April 15, 2025, replacing its $100 million facility and lifting total borrowing capacity to $300 million. The filing also says the prior December 13, 2021 credit agreement was terminated as part of the refinancing.
New five-year senior secured revolving credit facility gives total borrowing capacity of $300 million, up from $100 million.
Borrowings priced at SOFR plus 1.50% to 2.00%, or base rate plus 0.50% to 1.00%, with margins tied to the leverage ratio.
Unused commitment fee of 0.25% to 0.35% per year; agreement includes leverage and interest coverage maintenance covenants.
Credit agreement is administered by JPMorgan Chase Bank, N.A.; the prior agreement dated December 13, 2021 was terminated.
Commvault reported fiscal third-quarter 2025 results for the quarter ended December 31, 2024. Revenue rose 21% year over year to $262.6 million, and subscription revenue rose 39% to $158.3 million, but GAAP net income fell to $11.0 million, or $0.24 per diluted share, from $17.1 million, or $0.38, a year earlier. The company also gave fiscal 2025 total revenue guidance of $980 million to $985 million.
Total revenues were $262.6 million, up 21% year over year
GAAP net income was $11.0 million, or $0.24 per diluted share, versus $17.1 million, or $0.38, a year earlier
Non-GAAP diluted EPS was $0.94, versus $0.78 a year earlier
Fiscal 2025 total revenue guidance is $980 million to $985 million; fourth-quarter revenue is expected at $260 million to $264 million
Commvault reported fiscal second-quarter 2025 results for the period ended September 30, 2024, with total revenue of $233.3 million, up 16% year over year, and GAAP diluted earnings of $0.35 per share versus $0.29 a year earlier. The company raised its full-year fiscal 2025 revenue guidance to $952 million to $957 million, and the outlook includes the acquisition of Clumio, Inc., which closed on October 1, 2024.
Total revenue was $233.3 million, up 16% year over year; subscription revenue was $134.0 million, up 37%
GAAP net income was $15.6 million, or $0.35 per diluted share, versus $0.29 a year earlier; GAAP operating margin was 6.4%
Full-year fiscal 2025 total revenue guidance is $952 million to $957 million; free cash flow is expected to be at least $200 million
Second-quarter share repurchases totaled $51.9 million, or approximately 363,000 shares
Commvault Systems entered into a Purchase and Sale Agreement on October 2, 2024, to sell its corporate headquarters in Tinton Falls, New Jersey, to Somerset Development, LLC for $36 million. Closing is subject to customary conditions and is expected in the second half of Commvault's fiscal year. The filing does not describe the financial effect of the sale on Commvault's results.
Buyer: Somerset Development, LLC; agreement dated October 2, 2024
Sale price for One Commvault Way, Tinton Falls, New Jersey: $36,000,000
Closing expected in the second half of Commvault's fiscal year, subject to customary conditions
Certain exhibits omitted under Regulation S-K Item 601(a)(5); copies available on request
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