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Publication Date: 2026-09-14 10:02:00
Key Points
External storage is Nutanix’s key near-term growth driver, allowing customers to use its software with existing third-party servers instead of undertaking a costly shift to hyperconverged infrastructure. Public-cloud offerings, including NC2, are also expanding across migrations, disaster recovery and capacity needs.
Supply-chain pressures are expected to weigh on fiscal 2027. Server prices have risen roughly four- to fivefold year over year, while longer delivery times may delay customer projects, increase future-start orders and slow renewal-cohort growth.
Nutanix continues to pursue multi-year opportunities from VMware migrations, enterprise AI and cloud-native products. It is investing in internal AI infrastructure, expanding specialist sales resources and expects products such as Kubernetes, database automation, cloud management and AI to generate about one-third of land-and-expand bookings by fiscal 2029.
Nutanix (NASDAQ:NTNX) is positioning itself as a broader cloud-platform provider rather than solely a hyperconverged infrastructure, or HCI, company, as it pursues growth through external storage, public cloud, Kubernetes, database management and enterprise artificial intelligence offerings.
Chief Executive Officer Rajiv Ramaswami said the company’s platform now operates on-premises and across multiple public clouds, supports…
