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Publication Date: 2025-11-26 03:14:00
Shares of Nutanix Inc. tanked in late trading today after the company cut its full-year revenue outlook and delivered mixed financial results, with sales falling short of Wall Street’s estimates. The stock was down more than 16%, wiping out modest gains it had made earlier in the year.
For fiscal 2026, the company said it’s looking at sales of between $2.82 billion and $2.86 billion, down from its previous outlook of $2.9 billion to $2.94 billion. The midpoint of that range is just shy of Wall Street’s target of $2.93 billion.
The current quarter forecast looks even worse, with Nutanix projecting sales of between $705 million and $715 million, way below the analyst consensus estimate of $748.8 million.
Nutanix Chief Executive Rajiv Ramaswami (pictured) told analysts on a conference call that the company saw solid demand during the first quarter, with bookings outpacing expectations. But he said those bookings haven’t translated into revenue within the company’s expected timeframe.
“Late in the quarter, we saw more business than expected with start dates outside of the quarter,” Ramaswami explained. “This resulted in some revenue being shifted out of quarter one. As we evaluated the impact of this recent change in our business mix on our fiscal 2026 outlook, we now expect to see more revenue deferred than we had previously planned, driving a reduction in our full-year revenue guidance.”
The revised guidance was a massive disappointment for…
