Nutanix (NTNX) Company Report

Nutanix, Inc. entered into a $300 million accelerated share repurchase (ASR) agreement with Bank of America, N.A. on December 16, 2025.
The ASR will be funded with existing cash on hand and is in addition to $82.5 million already repurchased in the current fiscal year 2026.
Nutanix expects to receive an initial delivery of approximately 4,972,032 shares on December 17, 2025, with final settlement anticipated before the end of January 2026.
Upon completion of the ASR, the company expects to have repurchased approximately $382.5 million of its common stock since the beginning of fiscal year 2026.

6 days ago

8-K

Nutanix Stockholders Approve Amended Equity Incentive Plan

NTNX

Executive Compensation

Proxy Vote Outcomes

Nutanix, Inc. stockholders approved the amendment and restatement of the Company's 2016 Equity Incentive Plan on December 12, 2025.
The Restated Plan establishes a new fixed maximum aggregate share reserve of 19,500,000 shares, representing a reduction from the 46,736,519 shares available under the plan as of October 14, 2025.
Key changes include the elimination of the annual evergreen feature that automatically increased the share reserve each year, and the incorporation of additional governance enhancements such as no liberal share recycling, no dividends or dividend equivalents on unvested awards, and no repricing or exchange without stockholder approval.
Stockholders voted 162,639,231 "For" and 50,040,183 "Against" the approval of the amended plan.

8 days ago

8-K

Nutanix Discusses Q1 Dynamics, Strategic Growth, and Financial Outlook

NTNX

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Nutanix reported October quarter bookings slightly ahead of expectations, but revenue came in at the low end of guidance due to customers seeking more flexibility in license start dates for migrations, shifting revenue to future periods. Remaining Performance Obligations (RPO) grew 26% year-over-year, and implied Total Contract Value (TCV) bookings growth was in the mid-teens % when accounting for cancelable backlog.
The company maintained its 21%-22% operating margin target for fiscal year 2026, despite a revenue adjustment, attributing this to aligned commission expenses, higher expected partner payments, and ongoing efficiency initiatives.
Nutanix is actively pursuing VMware displacement, having added 640 new customers last quarter and 2,700 in the prior year, including over 50 Global 2000s, by offering simpler migration options and broader hardware support.
Strategic growth areas include a turnkey AI infrastructure stack for hybrid cloud environments and expanding OEM and public cloud partnerships (e.g., Cisco, AWS, Google) to broaden its market reach beyond traditional HCI.

Dec 11, 2025, 7:35 PM

Transcript

Nutanix Discusses Q1 Dynamics, Growth Drivers, and FY26 Operating Margin Outlook

NTNX

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

For the October quarter, Nutanix saw bookings come in slightly ahead of expectations, but revenue was at the low end of its guided range due to increased customer demand for flexible license start dates, which shifted revenue recognition to future periods.
Remaining Performance Obligations (RPO) increased by 26% year-over-year, and Current RPO (CRPO) was up 17% year-over-year for the October quarter. When factoring in cancelable backlog, the implied Total Contract Value (TCV) bookings growth year-over-year would have been in the mid-teens%.
The company maintained its fiscal year 2026 operating margin target of 21%-22%, despite revenue adjustments, attributing this to lower OpEx from commission timing shifts and higher contra-expense payments from partners, alongside ongoing efficiency efforts.
Nutanix continues to see strong momentum in VMware displacement, adding approximately 640 new customers in the last quarter and 2,700 in the prior year, including over 50 Global 2000s. Strategic partnerships with public cloud providers (AWS, Microsoft, Google) and OEMs (Cisco, Dell, Lenovo) are expanding market reach and facilitating migrations.

Dec 11, 2025, 7:35 PM

Transcript

Nutanix Management Discusses Q1 Performance, Strategic Growth, and Financial Outlook

NTNX

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Nutanix reported October quarter bookings slightly ahead of expectations, though revenue was at the low end of guidance due to a shift of orders with future start dates, delaying revenue recognition.
Remaining Performance Obligations (RPO) grew 26% year-over-year, and Current RPO (CRPO) increased 17% year-over-year in the October quarter. When factoring in cancelable backlog, implied TCV bookings growth year-over-year was in the mid-teens%.
The company maintained its full-year non-GAAP operating margin target of 21%-22%, attributing this to commission expense timing and increased contra-expense payments from partners.
Nutanix is actively displacing VMware, having added 640 new customers last quarter and 2,700 customers in the prior year, including over 50 Global 2000s. Strategic partnerships with OEMs and public cloud providers like AWS are expanding market access.
Nutanix views AI as a significant hybrid cloud opportunity, offering a turnkey AI infrastructure stack for inferencing and multi-agent applications with predictable costs and security, leveraging their Kubernetes platform.

Dec 11, 2025, 7:35 PM

Transcript

Nutanix Reports Q1 FY26 Results and Updates Full-Year Guidance

NTNX

Earnings

Guidance Update

Nutanix reported Q1 fiscal year 2026 revenue of $671 million, which was within its guided range, and Annual Recurring Revenue (ARR) grew 18% year-over-year to $2.284 billion.
Despite bookings being slightly ahead of expectations, revenue recognition was impacted by a larger-than-expected proportion of land and expand bookings with future start dates, causing some revenue to shift from Q1 into future periods.
For fiscal year 2026, Nutanix updated its revenue guidance to $2.82-$2.86 billion, representing 12% year-over-year growth at the midpoint, but increased its free cash flow guidance to $800-$840 million.
The company's full-year bookings growth expectations remain unchanged, and the revenue deferral is considered a timing issue that does not alter the total revenue expected to be recognized over time.

Nov 25, 2025, 9:30 PM

Transcript

Nutanix Reports Q1 2026 Results and Updates FY26 Guidance

NTNX

Earnings

Guidance Update

Nutanix reported Q1 2026 revenue of $671 million, which was within its guided range, and its ARR grew 18% year-over-year to $2.28 billion.
The company updated its fiscal year 2026 revenue guidance to $2.82-$2.86 billion, a reduction from prior expectations, primarily due to a larger-than-expected proportion of bookings with future start dates and a growing share of business through third-party OEM partners.
Despite the revised revenue outlook, Nutanix increased its free cash flow guidance for FY26 to $800-$840 million and maintained its non-GAAP operating margin guidance at 21%-22%.
Management emphasized that the shift in revenue is a timing issue, with bookings growth expectations for the full year remaining unchanged and the total amount of revenue expected to be recognized over time also unchanged.
For Q2 2026, revenue is guided to be $705-$715 million with a non-GAAP operating margin of 20.5%-21.5%.

Nov 25, 2025, 9:30 PM

Transcript

Nutanix Reports Strong Q1 FY2026 Results and Updates Full-Year Guidance

NTNX

Earnings

Guidance Update

New Projects/Investments

Nutanix (NTNX) reported Q1 FY2026 revenue of $670.6 million, a 13% year-over-year increase, and Annual Recurring Revenue (ARR) of $2.284 billion, up 18% year-over-year.
Free Cash Flow for Q1 FY2026 was $174.5 million, an increase of 15% year-over-year, and the total customer count grew 10% year-over-year to 29,930.
The company announced expanded support for Dell PowerStore and Microsoft Azure Virtual Desktop for hybrid environments, with general availability for Dell PowerStore expected in summer 2026.
For FY2026, Nutanix updated its guidance, expecting revenue between $2.82 billion and $2.86 billion and raising its Free Cash Flow guidance to $800 million to $840 million. Management noted a shift in revenue recognition from FY26 to future periods due to increased customer demand for license flexibility and growing business through OEM partners.

Nov 25, 2025, 9:30 PM

Presentation

Nutanix Reports Q1 2026 Results, Updates FY26 Guidance

NTNX

Earnings

Guidance Update

Nutanix delivered Q1 2026 revenue of $671 million and grew its ARR 18% year-over-year to $2.284 billion.
The company updated its fiscal year 2026 revenue guidance to $2.82 billion-$2.86 billion, a reduction from prior expectations, primarily due to a larger-than-expected proportion of land and expand bookings with future start dates and a growing mix of business through third-party OEM partners.
Despite the lower revenue guidance, Nutanix increased its fiscal year 2026 free cash flow guidance to $800 million-$840 million and maintained its non-GAAP operating margin guidance of 21%-22%.
Management emphasized that the shift in revenue is a timing issue and does not impact the underlying business fundamentals, bookings growth expectations for the year, or the total amount of revenue expected to be recognized over time.

Nov 25, 2025, 9:30 PM

Transcript

Nutanix Announces Q1 Fiscal 2026 Results and Raises Full-Year Free Cash Flow Guidance

NTNX

Earnings

Guidance Update

Accounting Changes

Nutanix reported Q1 Fiscal 2026 financial results, with Annual Recurring Revenue (ARR) increasing 18% year-over-year to $2.28 billion and revenue growing 13% year-over-year to $670.6 million.
The company generated $174.5 million in Free Cash Flow for Q1 FY26.
Management noted that bookings were slightly ahead of expectations, but some revenue shifted from Q1 into future periods, a dynamic factored into updated guidance, while underlying demand remains unchanged.
Nutanix raised its full-year fiscal 2026 free cash flow guidance to a range of $800 million to $840 million and provided Q2 Fiscal 2026 revenue guidance of $705 million to $715 million.

Nov 25, 2025, 9:01 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Nutanix.

Q1 2026

Nov 25, 2025

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Q4 2025

Aug 27, 2025

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Q3 2025

May 28, 2025

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View All Transcripts

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Nutanix (NTNX)

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Executives

Rajiv Ramaswami

Brian Martin

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