Nutanix, Inc. Earnings Recaps
Q3 2026
May 29, 2026
Nutanix’s Q3 revenue and ARR growth beat expectations, driving a positive 4.9% stock reaction as bookings and new customer adds remained strong, supported by momentum in hybrid cloud and AI offerings.
Key takeaways
- Reported revenue of $703 million exceeded guidance with 15% year-over-year ARR growth to $2.43 billion.
- Added over 700 new logos in the quarter, reflecting solid demand for hybrid multi-cloud and AI solutions.
- Supply chain challenges persist, causing higher server prices and longer lead times, but customer choice options help mitigate impact.
- Strong uptake of Nutanix Cloud Clusters (NC2) public cloud deployment option, with notable wins in financial services and outsourcing sectors.
- Continued progress supporting external storage platforms, including partnerships with NetApp and Lenovo expected later this year.
Q2 2026
Feb 26, 2026
Nutanix demonstrated strong performance in Q2 2026 with revenue of $723 million, exceeding guidance, and a notable 16% growth in annual recurring revenue (ARR) despite ongoing supply chain challenges.
Key takeaways
- Achieved quarterly revenue of $723 million, above original guidance.
- Annual recurring revenue (ARR) grew 16% year-over-year to $2.36 billion.
- Added over 1,000 new customers, marking the highest quarterly new logo additions in 8 years.
- Strategic partnership with AMD established, focusing on a Nutanix-powered agentic AI platform, supported by a $150 million investment from AMD.
- Supply chain challenges impacting server availability could delay revenue recognition from bookings, although underlying business fundamentals remain strong.