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Publication Date: 2026-05-28 07:00:00
Nutanix posted strong quarterly earnings that managed to ride continued traction in gaining disenchanted VMware customers against some tightening due to ongoing supply chain challenges.
Nutanix’s results for the third quarter (Q3) of its fiscal 2026 came in ahead of expectations, with revenues increasing 10% year over year to $703 million for the quarter. That growth was backed by more than 700 “new logo” wins, with CEO Rajiv Ramaswami telling investors “most of our customers are coming from and migrating away from” VMware and Broadcom.
That route bolsters Nutanix’s long-standing enchantment of VMware customers. Ramaswami had previously claimed that VMware’s overall customer sentiment remains dour following its acquisition by Broadcom and subsequent changes to VMware’s go-to-market approach.
“I think there’s no doubt that the customer sentiment continues to be negative about Broadcom,” Ramaswami said during a press briefing at the vendor’s recent .NEXT event. “There’s no doubt about it, and increasingly negative.”
That sentiment has allowed Nutanix to bolster its customer base. Ramaswami at that time said the vendor has “about 30,000 customers,” numbers bolstered by the hundreds of disgruntled VMware customers Nutanix has been attracting each quarter, “and we expect that to continue,” Ramaswami added.
Ramaswami during the .NEXT event said that Broadcom has an “installed base of probably 300,000 customers or so,” and “we are targeting about…
