Nutanix Q2 revenue beats estimates on strong bookings

Nutanix

25/02/2026 21:16

Overview

Hybrid multicloud computing leader's Q2 revenue rose 10%, beating analyst expectations

Adjusted operating income for Q2 beat analyst estimates

Company completed $300 mln accelerated share repurchase in Q2

Outlook

Nutanix expects Q3 revenue between $680 mln and $690 mln

Company forecasts fiscal 2026 revenue of $2.80 bln to $2.84 bln

Company anticipates supply chain constraints impacting near-term revenue timing

Result Drivers

STRONG BOOKINGS - Nutanix reported strong bookings and new logo additions, contributing to its solid Q2 performance

SUPPLY CHAIN CONSTRAINTS - Supply chain issues led to longer server lead times, impacting near-term revenue and cash flow timing

AI AND MULTICLOUD OPPORTUNITIES - Growth opportunities in AI and hybrid multicloud are seen as strong foundations for future growth

Company press release: ID:nGNX6LHYGb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$722.80 mln
$709.94 mln (13 Analysts)
Q2 Gross Margin
87.40%
Q2 Adjusted Operating Income
Beat
$189 mln
$148.51 mln (13 Analysts)
Q2 Adjusted Gross Margin
88.60%
Q2 Adjusted Operating Margin
26.20%
Q2 Annual Recurring Revenue
$2.36 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Nutanix Inc is $65.00, about 71.7% above its February 24 closing price of $37.86

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 36 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)