Nutanix tops all Q2 targets but sees revenue delayed by supply strains

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Nutanix tops all Q2 targets but sees revenue delayed by supply strains

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Publication Date: 2026-02-25 21:01:00





Nutanix (NASDAQ: NTNX) reported Q2 fiscal 2026 results with ARR of $2.36B (+16% YoY) and revenue of $722.8M (+10% YoY). GAAP operating income was $84.1M and non-GAAP operating margin improved to 26.2%. The company completed a $300M accelerated share repurchase and updated Q3 and full-year guidance, citing supply chain-driven server lead times that may delay near-term revenue and free cash flow timing.


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Table of Contents

Positive


  • ARR +16% to $2.36 billion year-over-year


  • Revenue of $722.8 million, up 10% year-over-year


  • Non-GAAP operating margin expanded to 26.2% (+160 bps)


  • Completed $300 million accelerated share repurchase


  • Free cash flow of $191.4 million in Q2


Negative


  • Supply chain constraints causing longer server lead times and delaying near-term revenue recognition


  • Q3 revenue guide of $680–$690 million implies a sequential decline from Q2 revenue


  • GAAP operating expenses increased to $547.4 million, up 9%…

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