Nutanix (NTNX) Company Report

Nutanix reported strong Q2 FY26 results, with revenue of $723 million and ARR growing 16% year-over-year to $2.36 billion, exceeding guidance for all metrics. Non-GAAP operating margin was 26.2%, also above expectations.
The company announced a strategic partnership with AMD for an Agentic AI platform, involving a $150 million investment from AMD in Nutanix common stock and up to $100 million in R&D and go-to-market funding over a multi-year period. The first joint platform is expected in late 2026.
Nutanix is experiencing acute supply chain challenges with CPUs and memory, leading to longer server lead times, which are delaying the timing of near-term revenue and free cash flow conversion from land and expand business. This impact is factored into the updated outlook, with free cash flow guidance reduced by $60 million for the full fiscal year.
For Q3 FY26, Nutanix guided revenue to $680 million-$690 million and non-GAAP operating margin to 16%-17%. The full fiscal year operating margin guidance remains 21%-22%.
In Q2, Nutanix repurchased $333 million of common stock, including completing a $300 million accelerated share repurchase.

2 days ago

Transcript

Nutanix Reports Strong Q2 FY26 Results, Announces AMD Partnership, and Updates FY26 Guidance Amid Supply Chain Delays

NTNX

Earnings

Guidance Update

New Projects/Investments

Nutanix reported strong Q2 FY26 financial results, with revenue of $723 million and ARR growing 16% year-over-year to $2.36 billion, both exceeding guided metrics. The company also added over 1,000 new customers.
The company announced a strategic multi-year partnership with AMD for an Agentic AI platform, which includes a $150 million strategic investment by AMD in Nutanix common stock and up to $100 million in R&D and go-to-market funding over a multi-year period.
Nutanix updated its FY26 guidance, with revenue expected between $2.8 billion and $2.84 billion and free cash flow between $745 million and $775 million, primarily due to the impact of worsening server hardware supply chain challenges.
Despite higher bookings expectations for FY26, supply chain issues for server hardware are causing longer lead times, delaying the timing of revenue recognition and free cash flow generation, which is considered a timing issue rather than a change in overall expected value from bookings.
In Q2, Nutanix repurchased $333 million of common stock, including a $300 million accelerated share repurchase transaction, contributing to managing share dilution.

2 days ago

Transcript

Nutanix Reports Q2 2026 Results and Announces Strategic Partnership with AMD

NTNX

Earnings

New Projects/Investments

Product Launch

Nutanix reported Q2 2026 revenue of $723 million and ARR growth of 16% year-over-year to $2.36 billion, while adding over 1,000 new customers.
The company announced a strategic partnership with AMD for an agentic AI platform, which includes a $150 million strategic investment from AMD in Nutanix common stock and up to $100 million in funding for R&D and go-to-market activities.
Nutanix is facing supply chain challenges due to memory and CPU shortages, resulting in higher server prices and longer lead times, which are expected to impact near-term revenue and free cash flow.
The first jointly developed platform from the AMD partnership is anticipated to be delivered to customers in late 2026, with revenue from this collaboration expected to begin in Q2 FY 2027.

2 days ago

Transcript

Nutanix Announces Strong Q2 FY2026 Results Amidst Supply Chain Headwinds

NTNX

Earnings

Guidance Update

Share Buyback

Nutanix reported strong Q2 FY2026 results, with revenue of $722.8 million, a 10% year-over-year increase, and a Non-GAAP Operating Margin of 26.2%, up 160 bps year-over-year.
The company completed a $300 million accelerated share repurchase during the quarter.
For Q3 FY2026, Nutanix provided revenue guidance of $680 – $690 million and Non-GAAP Operating Margin guidance of 16% to 17%. The full-year FY2026 guidance includes revenue of $2.80 – $2.84 billion and Free Cash Flow of $745 – $775 million.
Management noted that supply chain constraints are causing longer server lead times, which is expected to impact the timing of near-term revenue and free cash flow, leading to a shift in the realization of revenue and cash flow from bookings to later periods, affecting Q3 and updated full-year guidance.

2 days ago

Presentation

Nutanix and AMD Announce Strategic AI Partnership

NTNX

New Projects/Investments

Earnings

AMD and Nutanix announced a multi-year strategic partnership to jointly build an open, full-stack AI infrastructure platform optimized for agentic AI.
AMD will invest $150 million in Nutanix common stock at $36.26 per share and commit up to an additional $100 million for joint engineering and go-to-market activities, totaling up to $250 million.
The $150 million equity purchase is expected to close in Q2 2026, subject to regulatory approvals, and will result in approximately 1% dilution for existing Nutanix shareholders.
The announcement, made alongside Nutanix's Q2 results (revenue of about $723 million and ARR of $2.36 billion), led to Nutanix shares rising roughly 19%.

2 days ago

Bloomberg

Nutanix Reports Q2 FY26 Results and Announces Strategic Partnership with AMD

NTNX

Earnings

Guidance Update

New Projects/Investments

Nutanix reported strong Q2 FY26 financial results, with revenue of $722.8 million and free cash flow of $191.4 million, exceeding all guided metrics.
The company provided updated fiscal 2026 guidance, with revenue projected between $2.80 - $2.84 billion and free cash flow between $745 - $775 million, noting that supply chain constraints are expected to impact near-term revenue and free cash flow timing.
Nutanix announced a multi-year strategic partnership with AMD to develop an open, full-stack AI infrastructure platform, with AMD investing $150 million in Nutanix common stock and funding up to $100 million for R&D and go-to-market initiatives.
During Q2 FY26, Nutanix completed a $300 million accelerated share repurchase of its common stock.

2 days ago

8-K

Nutanix Discusses Strategic Shifts, AI Initiatives, and Revenue Timing Dynamics

NTNX

Guidance Update

Product Launch

Share Buyback

Nutanix maintains a strong customer Net Promoter Score (NPS) consistently above 90 for over a decade and is nearing $3 billion in revenue.
The company has strategically expanded its platform to support external storage solutions from partners like Dell PowerFlex and Pure Storage, a move influenced by Broadcom's acquisition of VMware to address customer demand and accelerate market entry.
Fiscal Q1 revenue performance was impacted by an increase in orders with future start dates, leading to a reduced full-year guidance due to delayed license provisioning and revenue recognition, despite these being non-cancelable bookings often paid upfront.
Nutanix is actively developing enterprise AI solutions, including GPT-in-a-Box (Nutanix Enterprise AI), which automates the process for companies to build and run cloud-native AI applications, though adoption is still in early stages.
The company is executing on its capital allocation strategy, which includes a share buyback program (with an Accelerated Share Repurchase in December) and a continued focus on tuck-in acquisitions to enhance its product roadmap.

Jan 16, 2026, 4:00 PM

Transcript

Nutanix Discusses Strategic Shifts, Revenue Timing, and Capital Allocation

NTNX

Guidance Update

Share Buyback

New Projects/Investments

Nutanix (NTNX) is an infrastructure software company that pioneered hyper-converged infrastructure (HCI) and has expanded its portfolio to run on-premises, public cloud bare metal, and edge locations, supporting various application types.
A significant strategic decision was made to support external storage (e.g., Dell PowerFlex, Pure Storage) to provide alternatives for customers impacted by the Broadcom acquisition of VMware, aiming to gain earlier entry into customer accounts.
In fiscal Q1, bookings were above expectations, but revenue was impacted by an increase in orders with future start dates, delaying license provisioning and leading to a reduction in the full-year guide. This dynamic is expected to continue.
Nutanix executed an Accelerated Share Repurchase (ASR) in December due to stock price dislocation and its robust balance sheet, as part of its capital allocation strategy which also includes continued share buybacks and potential tuck-in acquisitions.

Jan 16, 2026, 4:00 PM

Transcript

Nutanix Updates Revenue Guidance and Strategic Response to VMware Acquisition

NTNX

Guidance Update

M&A

New Projects/Investments

Nutanix, an infrastructure software company with over $2.5 billion in revenue and a consistently high 90-plus Net Promoter Score, is expanding its portfolio to run applications anywhere, including public cloud bare metal and the edge.
The company reduced its full-year revenue guidance due to an increase in deals with future start dates for license provisioning and anticipated growth from OEM partners, both of which delay revenue recognition.
In response to Broadcom's acquisition of VMware, Nutanix made a strategic decision to support external storage (e.g., Dell PowerFlex, Pure Storage) to address increased customer demand for migration alternatives.
Nutanix maintains a robust balance sheet, executed an Accelerated Share Repurchase (ASR) in December, and continues its share buyback program, while also pursuing tuck-in acquisitions to accelerate its roadmap.

Jan 16, 2026, 4:00 PM

Transcript

Nutanix Faces Fraud Investigation

NTNX

Legal Proceedings

Guidance Update

Demand Weakening

The Schall Law Firm is investigating Nutanix, Inc. for potential violations of securities laws, specifically concerning whether the Company issued false or misleading statements or failed to disclose pertinent information to investors.
This investigation follows Nutanix's Q1 2026 financial results, reported on November 25, 2025, where the company's revenue was near the bottom of its prior guidance.
Nutanix attributed the Q1 2026 revenue performance to a "revenue shift from Q1 to future periods" and customer demand for flexible start dates, leading the company to lower its full-year revenue projection.
Following this announcement, Nutanix's shares fell by 17.8% on the next day.

Jan 13, 2026, 1:18 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Nutanix.

Q2 2026

Feb 25, 2026

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Q1 2026

Nov 25, 2025

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Q4 2025

Aug 27, 2025

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