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Publication Date: 2026-02-26 18:00:00
guided third-quarter revenue to $680 million to $690 million and projected a non-GAAP operating margin of 16% to 17%. For fiscal 2026, the company forecasts revenue of $2.80 billion to $2.84 billion, a non-GAAP operating margin of 21% to 22%, and free cash flow of $745 million to $775 million. Management also said booking expectations have increased.
At the same time, management flagged longer server lead times and supply chain constraints that could push some revenue and cash flow into later periods. That point remains important for investors because the will not contribute revenue until later, with the first version expected in late calendar 2026 and revenue contribution starting in the second half of fiscal 2027. The equity investment also remains subject to regulatory approvals and customary closing conditions.
Bank of America analyst Wamsi Mohan maintained a Buy rating and a $60 price target while noting enterprise AI adoption remains early and that Nutanix continues to pursue share gains against VMware. Investors now appear focused on whether Nutanix can sustain bookings momentum, manage supply chain timing issues, and convert the AMD partnership into measurable enterprise AI demand.
