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Publication Date: 2026-02-26 23:15:00
Nutanix reported robust quarterly earnings bolstered by VMware conquest-led new customer growth not seen since the last decade and plans for a lucrative AMD investment, but did continue to warn of a potential operational slow down tied to ongoing silicon supply chain constraints that have spread across the technology ecosystem.
Nutanix’s results for the second quarter of its fiscal 2026 came in ahead of expectations, which was a meaningful turnaround for the vendor following what had been an underwhelming Q1 release. This included strong year-over-year growth that Nutanix management linked to broad adoption of its software-based services.
That broad adoption included more than 1,000 new customers, which CEO Rajiv Ramaswami noted was “our strongest quarterly new logo additions in eight years.” Ramaswami later noted that “most of the logos came from our typical VMware migrations on to the HCI (hyperconverged infrastructure) platform.”
Despite that solid growth, Ramaswami did note that overall VMware conquests remained paced, but that those recent deals with hyperscalers and storage vendors make VMware “migrations easier.”
“We don’t think anything has changed from an opportunity perspective,” Ramaswami added. “I’ve always said that this is a multi-year journey, and it will continue to be a multi-year journey for us.”
However, silicon supply chain constraints could alter the route of that journey. Ramaswami has repeatedly noted that VMware migrations have…
