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Publication Date: 2026-02-27 15:22:00
Key Takeaways
- Nutanix beat Q2 estimates with EPS of 56 cents and revenue up 10.4% to $722.8 million.
- NTNX added 1,000 customers, its strongest quarterly new logo growth in 8 years.
- Nutanix lifted FY26 revenue outlook to $2.80-$2.84B, with FCF seen at $745-$775M.
Nutanix (NTNX – Free Report) reported second-quarter fiscal 2026 non-GAAP earnings of 56 cents per share, which surpassed the Zacks Consensus Estimate by 27.27% and increased 19.1% year over year.
Nutanix’s revenues climbed 10.4% year over year to $722.8 million, beating the Zacks Consensus Estimate by 1.27% and the guided range of $705-$715 million.
The top line was driven by more than 1000 new customers landing on the company’s platform through various incentive programs, increased customer engagement considering NTNX as an alternative amid industry M&A, and stronger support from its OEM partners, such as CSCO, Dell or Lenovo, and an integrated offering partnered with Supermicro.
NTNX noted that the average contract term length in the fiscal second quarter was 3.1 years, largely in line with the company’s expectations.
Top-Line Details of NTNX
Product revenues (53.6% of total revenues) increased 9.4% year over year to $387.4 million. Support, maintenance & other services revenues (46.4% of total revenues) rose 11.6% to $335.5 million.
Subscription revenues (95.5% of total revenues) climbed 10.6% to $690.5 million from…
