Nutanix rises after Q2 revenue beat

Nutanix

26/02/2026 10:48

** Shares of cloud computing firm Nutanix NTNX.O rise 22.8% to $47.20 premarket

** Q2 revenue of $722.80 mln beat avg analyst estimate of $709.94 mln, according to data compiled by LSEG

** Co reported strong bookings and new logo additions, contributing to the performance

** Separately, AMD AMD.O and Nutanix announce strategic partnership to advance an open and scalable platform for enterprise AI

** AMD to invest and fund up to $250 million in NTNX shares

** 13 of 19 brokerages rate the stock "buy" or higher, six "hold"; their median PT is $60- LSEG data

** Up to last close, stock down 25.6% YTD

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))