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Publication Date: 2026-08-25 15:36:00
Cloud computing company Nutanix Inc (NASDAQ:NTNX) is scheduled to report its fiscal fourth-quarter results after the markets close on Wednesday.
The company is likely to report broadly in-line results, with revenue growth being driven by Nutanix Cloud Infrastructure software, according to Rosenblatt Securities.
The Nutanix Analyst: Analyst Blair Abernethy reiterated a Buy rating, while raising the price target from $60 to $75.
The Nutanix Thesis: For the fiscal third quarter, the company had reported strong bookings and had outperformed guidance, “reflecting strong demand for Nutanix solutions,” Abernethy said in the note.
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Nutanix also added more than 700 new logos and reported a net retention rate of 106%, he added.
Expectations For Q4: The analyst noted that the company is likely to report the following for the fiscal fourth quarter:
- Total revenue of $735.5 million, up 13% year-on-year, versus consensus of $738 million.
- Product revenue $374 million, up 10% year-on-year, driven by Nutanix Cloud Infrastructure software.
- Support and other services revenue of $362 million, up 15% year-on-year.
- Non-GAAP operating margin of 22%, in-line with consensus.
- Non-GAAP earnings of 48 cents per share, versus consensus of 49 cents per share.
- Non-GAAP operating income of $162 million.
- Adjusted net income of $138.5 million.
“We continue to see Nutanix as a leading modern platform provider that powers hyperconverged IT infrastructure (“HCI”)—integrated compute,…
