By MarketBeat
Publication Date: 2026-05-27 23:04:00
Key points
Third quarter results exceed forecasts in key metrics, with revenue of $703 million and ARR up 15% year-over-year to $2.43 billion. Nutanix also added more than 700 new customers and posted strong margins and free cash flow.
Supply chain and server hardware constraints remain a major hurdle, resulting in higher prices and longer delivery times that are slowing booking-to-revenue conversions. Management expects these pressures to continue into fiscal 2027.
Nutanix raised its full-year outlook by fiscal 2026, citing stronger bookings and demand for VMware migration, hybrid cloud, artificial intelligence, and external storage use cases. The company also increased its share buyback authorization by $750 million.
Nutanix (NASDAQ:NTNX) reported fiscal third-quarter results above its guidance ranges, and management points to healthy demand for hybrid cloud, application modernization and AI-related offerings, while…
