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Publication Date: 2026-06-02 07:00:00
Nutanix’s first quarter results were well received by the market, with management pointing to robust customer demand for its hybrid multicloud solutions and a healthy increase in billings. CEO Rajiv Ramaswami credited expanded support for external storage platforms and continued momentum in AI and cloud-native workloads as core drivers of performance. Notably, the company saw increased adoption among new customers, particularly those seeking flexibility in hardware choices amid ongoing supply chain constraints. Ramaswami stated, “Our support of external storage platforms is simplifying migrations to Nutanix…without requiring significant hardware changes.”
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Nutanix (NTNX) Q1 CY2026 Highlights:
- Revenue: $703.1 million vs analyst estimates of $686.3 million (10% year-on-year growth, 2.4% beat)
- Adjusted EPS: $0.47 vs analyst estimates of $0.35 (34.1% beat)
- Adjusted Operating Income: $156.5 million vs analyst estimates of $115.7 million (22.3% margin, 35.2% beat)
- Revenue Guidance for Q2 CY2026 is $735 million at the midpoint, below analyst estimates of $743.5 million
- Operating Margin: 10%, up from 7.6% in the same quarter last year
- Annual Recurring Revenue: $2.43 billion (14.9% year-on-year growth, beat)
- Billings: $812.9 million at quarter end, up 25.3% year on year
- Market Capitalization: $15 billion
While we enjoy listening to the management’s commentary, our favorite part…
