Nutanix Announces Q1 2026 Financial Results

On November 25, 2025, Eastern Time, Nutanix announced its first-quarter financial results for the fiscal year 2026, ended October 31, 2025.

Financial Highlights for the First Quarter of Fiscal Year 2026

Annual Recurring Revenue (ARR) reached USD 2.28 billion, representing an 18% year-over-year increase; Generally Accepted Accounting Principles (GAAP) gross margin was 87.0%; GAAP operating income amounted to USD 49.3 million.

“The company experienced robust demand for its cloud platform in the first quarter, with bookings slightly exceeding expectations. Annual Recurring Revenue grew by 18% year-over-year, marking another healthy quarter of new customer acquisition, alongside solid free cash flow performance,” said Rajiv Ramaswami, President and Chief Executive Officer of Nutanix. “We also continued to make progress with our partners, including announcing expanded collaborations with Dell and Microsoft to provide cloud platform support for their PowerStore and Azure Virtual Desktop, respectively.”

“First-quarter bookings were slightly above expectations. However, towards the end of the quarter, we identified that some revenue had shifted from the first quarter to future periods. We expect this revenue to remain intact over the long term,” stated Rukmini Sivaraman, Chief Financial Officer of Nutanix. “We anticipate this trend will continue and have incorporated it into our second-quarter and updated full-year revenue guidance. We are also pleased to raise our full-year free…