By Avi Kapoor
Publication Date: 2026-05-28 12:40:00
nutanix (NASDAQ:NTNX) reported upbeat earnings for third quarter on Wednesday.
The company posted quarterly earnings of 47 cents per share, beating the analyst consensus estimate of 36 cents per share. The company reported quarterly sales of $703.066 million, beating the analyst consensus estimate of $686.372 million.
Nutanix raised its fiscal 2026 sales guidance from $2.80 billion-$2.840 billion to $2.820 billion-$2.840 billion.
“We saw solid demand in the third quarter, including strong bookings, healthy new logo additions and good free cash flow performance,” said Rajiv Ramaswami, CEO of Nutanix. “We are also announcing important new innovations and partnerships in the areas of AI, modern applications and support for external storage, which will help us capitalize on the significant market opportunity before us.”
Nutanix shares gained 0.6% to $46.85 in premarket trading.
These analysts made changes to their price targets for Nutanix following the earnings announcement.
- morgan…
