Nutanix Q3 revenue rises on strong bookings, customer growth

Nutanix

27/05/2026 21:13

Overview
Hybrid multicloud computing firm's fiscal Q3 revenue rose 10%, beating analyst expectations
Adjusted operating income for Q3 beat consensus, driven by strong bookings and new customer growth
Company raised share repurchase authorization by $750 mln

Outlook
Nutanix sees Q4 revenue between $725 mln and $745 mln
Company expects Q4 non-GAAP operating margin of 21% to 23%
Nutanix raises FY 2026 guidance, sees revenue at $2.82-$2.84 bln

Result Drivers
SOLID DEMAND - Co said Q3 results were driven by strong bookings, healthy new customer additions, and solid free cash flow performance, per CEO Rajiv Ramaswami
PRODUCT INNOVATION & PARTNERSHIPS - Co highlighted new innovations and partnerships in AI, modern applications, and external storage as supporting growth opportunities

Company press release: ID:nGNXlDBt6

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$703.10 mln
$686.37 mln (14 Analysts)
Q3 Gross Margin
 
86.90%
 
Q3 Adjusted Operating Income
Beat
$156.50 mln
$115.71 mln (14 Analysts)
Q3 Adjusted Gross Margin
 
87.80%
 
Q3 Adjusted Operating Margin
 
22.30%
 
Q3 Annual Recurring Revenue
 
$2.43 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 9 "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 $60.00, about 28.9% above its May 26 closing price of $46.55
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago

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(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.)