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Publication Date: 2026-02-26 08:00:00
Nutanix Inc (NASDAQ:NTNX) shares are soaring in extended trading Wednesday after the company reported fiscal second-quarter results and announced a strategic partnership with AMD.
- Nutanix stock is showing exceptional strength. Why are NTNX shares rallying?
Nutanix Reports Mixed Q2 Results
- Q2 Revenue: $722.83 million, versus estimates of $709.95 million
- Q2 Adjusted EPS: 36 cents, versus estimates of 45 cents
“We saw healthy demand in our second quarter, as reflected in results that exceeded the high end of the range for all of our guided metrics. However, as the quarter progressed, we saw supply chain constraints driving longer server lead times for our customers,” said Rukmini Sivaraman, CFO of Nutanix. “We expect this dynamic to have some impact on the timing of our near-term revenue and free cash flow.”
Nutanix guided for third-quarter revenue of $680 million to $690 million versus estimates of $698.82 million, according to Benzinga Pro. The company also lowered its fiscal 2026 revenue outlook from a range of $2.82 billion to $2.86 billion to a new range of $2.80 billion to $2.84 billion.
AMD Deal Takes Center Stage
Despite the mixed quarter, Nutanix shares are surging after hours after the company announced a multi-year strategic partnership with Advanced Micro Devices Inc (NASDAQ:AMD) to jointly develop an open, full-stack AI infrastructure platform designed to power agentic AI applications.
AMD will make a strategic investment of $150 million in…
