CommVault Systems Inc. reported its financial results for the third quarter (Q3) of fiscal 2026, which ended on December 31, 2025. The company highlighted a 40 percent increase in SaaS annual recurring revenue $(ARR)$, reaching USD 364 million. During the earnings call, CommVault's Chief Accounting Officer noted that 60 percent of deals closed in the last few weeks of the quarter. According to industry commentary, the 40 percent SaaS ARR growth represented a significant deceleration compared to the previous quarter. Following the release of these results, CommVault's stock declined by over 31 percent on January 27, 2026.
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