Nutanix, Inc.
Nutanix, Inc. Q1 FY26 Results — Earnings Call Analysis
Q1 FY26 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY26 call signalled
3 of 5 strong
The short version
- Bookings expectations for fiscal year 2026 are higher than previously guided, indicating strong and growing demand. - The company projects a strong multiyear growth opportunity driven by AI, hybrid multi-cloud, modern applications, and external storage support.
From Nutanix, Inc.'s Q1 FY26 earnings-call transcript · updated 30 May 2026.
Revenue & Sales Performance
- Bookings expectations for fiscal year 2026 are higher than previously guided, indicating strong and growing demand.
- Revenue growth for fiscal year 2026 is expected in the range of $2.8 billion to $2.84 billion.
- TCV bookings growth is projected to exceed revenue growth, driven by strong mid-teens percent growth in bookings.
- Net recurring revenue (ARR) grew 16% year-over-year, reaching $2.36 billion at the end of Q2.
- New customer additions are robust, with over 1,000 new logos added in Q2—the strongest in 8 years.
- Long-term growth drivers include enterprise AI adoption, hybrid multi-cloud, external storage support, and new applications embedding AI workflows.
2 more points from Nutanix, Inc.'s call on revenue
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Profitability & Margins
See what Nutanix, Inc. said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Continued investments in R&D focusing on innovation across:
- Kubernetes platform
- AI platform
- Support for external storage
- Strategic multiyear partnership with AMD including:
- AMD investing $150 million in Nutanix common stock (non-operating cash flow)
- Up to $100 million investment by AMD over multiple years
- Investments aimed at supporting enterprise AI adoption, hybrid multi-cloud, modern applications, and external storage
2 more points from Nutanix, Inc.'s call on capex
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Fundraising & Capital Structure
See what Nutanix, Inc. said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Q2 saw strong bookings growth in the mid-teens percentage range (total contract value - TCV bookings).
- Remaining Performance Obligations (RPO) grew 24% year-over-year at the end of Q2.
- Cancelable bookings remain a low single-digit percent of total RPO but can cause quarter-to-quarter variability.
- Some bookings shifted timing due to supply chain challenges, particularly extended server lead times.
- The "available to renew" pipeline mainly consists of land-and-expand opportunities from existing customers.
- There is a growing portion of orders with delayed start dates, higher than anticipated compared to 90 days ago.
2 more points from Nutanix, Inc.'s call on order book
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Continue your research
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Frequently Asked Questions
What were Nutanix, Inc. Q1 FY26 results?
- Bookings expectations for fiscal year 2026 are higher than previously guided, indicating strong and growing demand. - The company projects a strong multiyear growth opportunity driven by AI, hybrid multi-cloud, modern applications, and external storage support.
What is Nutanix, Inc. share price analysis?
Nutanix, Inc. currently shows a below-average growth signal. The stock trades at a P/E of 50.6 with a market cap of $12,945. Investors should review the full earnings analysis for detailed insights.
Is Nutanix, Inc. planning capital expenditure?
- Continued investments in R&D focusing on innovation across: - Kubernetes platform - AI platform - Support for external storage - Strategic multiyear partnership with AMD including: - AMD inv
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.