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Publication Date: 2026-01-23 18:31:00
Nutanix recently saw its stock price plunge on short-term revenue concerns tied to lingering VMware customer migration opportunities, but its CFO remains confident in the vendor’s financial picture and even hinted at the potential for an acquisition.
Rukmini Sivaraman, during an online interview at the recent Needham Growth Conference, admitted that Nutanix’s most recent quarter “didn’t go as we’d expected from a revenue perspective,” and that the vendor’s attempt to “articulate kind of what happened within the business and what it means going forward … led to sort of the dislocation, I think, in the stock price that we saw.”
That “dislocation” was an immediate 17% drop in Nutanix’s stock price after it released disappointing earnings results for its first fiscal quarter of 2026 in late November, a drop that it did somewhat claw back in the ensuing weeks but momentum it has since lost.
Nutanix at that time blamed the revenue shortfall on the timing of when the full revenue benefit from new deals start hitting its books. That timing has been pushed back to later in the year or could even spill into next year, which was later than initially forecast.
CEO Rajiv Ramaswami at that time linked the delay to customers Nutanix was stealing from rivals needing “flexibility” in terms of when those new deals began, a link echoed by Sivaraman.
“A lot of it is when we think about customers migrating over from Broadcom onto the Nutanix platform, especially, in…
