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Publication Date: 2026-02-26 17:11:00
Nutanix reported double-digit revenue growth, a sharp rise in earnings, and record customer additions for Q2 2026, alongside a $150 million strategic investment from AMD.
Revenue was up 10 percent year-on-year to $722.8 million, surpassing Nutanix’s high-end $715 million guidance.
President and CEO Rajiv Ramaswami said: “Our business performed solidly in the second quarter, including strong bookings, strong new logo additions, and solid free cash flow performance. Our opportunities with AI, modern applications, hybrid multicloud, and support for external storage provide us with a strong foundation for multi-year growth.”
Financial summary
- Gross margin: 87.4 percent vs year-ago 87 percent
- Operating cash flow: $197.3 million vs year-ago $221.7 million
- Free cash flow: $191.4 million vs $187.1 million last year
- ARR: $2.36 billion vs year-ago $2.1 billion, up 16 percent
- Cash, cash equivalents & restricted cash: $1.87 billion vs $2.06 billion in the last quarter
- EPS: $0.56 vs year-ago $0.09
Nutanix gained 1,050 new logos, its highest number in eight years, taking its total customer count to 30,980. CFO Rukmini Sivaraman said: “Land and expand bookings in Q2 were higher than…
