Commvault (CVLT) Q3 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, January 27, 2026 astatine 9:25 AM CST 51 min read

Image source: The Motley Fool.

Jan. 27, 2026 astatine 8:30 a.m. ET

• President and Chief Executive Officer — Sanjay Mirchandani

• Chief Accounting Officer — Daniel Abrahamson

Need a punctuation from a Motley Fool analyst? Email [email protected]

Sanjay Mirchandani: Good morning. And convey you for joining us. Q3 was different coagulated 4th for Commvault Systems, Inc. We reinforced our presumption arsenic an innovation person and garnered accolades from partners and manufacture analysts. Some fiscal highlights successful the 4th see subscription gross grew 30% to $206 million. This was fueled by a grounds onshore and grow 4th with the summation of 700 caller subscription customers. Subscription ARR accrued 28% to $941 million, SaaS ARR accrued 40% to $364 million, and we achieved the regularisation of 40 with a steadfast equilibrium betwixt maturation and profitability. Our momentum successful Q3 and year-to-date bespeak the increasing request for next-generation cyber resilience.

In an AI-driven, hybrid, and multi-cloud world, resilience cannot beryllium reactive, manual, oregon fragmented. It needs to beryllium continuous, ever on, and unified done a azygous power plane. Commvault uniquely delivers this innovation. I'm arrogant to stock that successful Q3, we were awarded our 1,600th beingness patent. I privation to convey our engineering and IT teams for their continued committedness to excellence and innovation focused connected customers. At our displacement lawsuit successful November, we took innovation to the adjacent level with the Commvault Cloud Unity level release. Unity brings unneurotic information security, individuality resilience, and cyber betterment connected 1 level each enabled by the Metallic AI fabric.

With Unity, customers are present equipped to thrust their res ops, oregon resilience operations. Res ops is simply a subject that unifies operations, security, and infrastructure crossed the business. By bringing these silos together, organizations tin plan, prepare, and retrieve from a disruption oregon cyber attack. Customer, partner, and manufacture feedback has been overwhelmingly positive. Dave Novak, Deloitte's cyber resilience pb said, the Commvault Cloud Unity level brings these elements unneurotic successful a mode we don't spot elsewhere successful the market. We're pleased to squad with Commvault, assistance associated customers respond faster, trim risk, and confidently follow AI and unreality astatine standard portion advancing resiliency.

IDC further validated this attack stating, we judge res ops has an accidental to resonate with customers arsenic it is concise, with almighty implications operational value. ResOps is simply a fundamentally antithetic attack from what bequest vendors supply today. Resilience successful the property of AI requires america to, one, continuously unafraid information astatine the root and show for anomalies. Two, power the identities quality and nonhuman, that entree and usage the information autonomously. And three, predictably, retrieve information applications and operations astatine monolithic standard with the lowest full outgo of ownership. Let's instrumentality a infinitesimal to sermon each, starting with information security. As enterprises clasp AI and determination to the cloud, they indispensable besides grapple with evolving and much blase attacks.