Shares of CommVault Systems (CVLT) tumbled 5.25% in pre-market trading on Tuesday following the release of its second quarter fiscal 2026 financial results and outlook. The data management software company's performance and guidance appear to have disappointed investors.
CommVault reported second quarter revenue of $276 million, slightly beating the IBES estimate of $273.3 million. The company's EBIT (Earnings Before Interest and Taxes) came in at $12 million, while adjusted EBIT was $51 million. CommVault also announced that its Annual Recurring Revenue (ARR) reached $1 billion, a significant milestone for the company.
Despite these results, investors seem to be focused on CommVault's outlook. The company provided full-year revenue guidance of $1,161-1,165 million, which may have fallen short of market expectations. This conservative outlook, combined with the current challenging macroeconomic environment, could be driving the negative sentiment and resulting in the stock's pre-market decline.