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Publication Date: 2026-02-26 07:11:00
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Nutanix topped guidance in Q2 with revenue of $723 million, ARR of $2.356 billion (+16% YoY), a net dollar retention rate of 107%, strong non‑GAAP margins (gross 88.6%, operating 26.2%), and repurchased $333 million of stock.
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The company announced a multi‑year strategic partnership with AMD that includes a $150 million equity investment and up to $100 million to fund R&D and go‑to‑market work for a full‑stack “agentic AI” platform, with the first jointly developed platform expected in late 2026.
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Management said worsening server and memory supply constraints will mainly affect the timing of revenue and free cash flow recognition (more FCF weighted to Q4), and updated guidance to Q3 revenue of $680–$690 million and FY26 revenue of $2.8–$2.84 billion.
Nutanix (NASDAQ:NTNX) reported fiscal second-quarter 2026 results that management said exceeded the high end of guidance across all guided metrics, driven by what executives described as healthy demand for its cloud platform offerings and strong bookings. The company also announced a multi-year strategic partnership with AMD focused on building an “agentic AI” platform for enterprises and service providers.
For the second quarter, Nutanix posted revenue of $723 million, above its guided range of $705 million to $715 million. Annual recurring revenue (ARR) ended the quarter at $2.356 billion, up 16% year…
