Nutanix (NASDAQ:NTNX) Issues Quarterly Earnings Results

Nutanix (NASDAQ:NTNX) posted its earnings results on Wednesday. The technology company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.12, FiscalAI reports. Nutanix had a net margin of 10.03% and a negative return on equity of 38.88%. The firm had revenue of $703.07 million during the quarter, compared to the consensus estimate of $686.34 million. During the same period last year, the firm posted $0.22 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis.

Here are the key takeaways from Nutanix’s conference call:

• Nutanix reported a strong Q3 with revenue of $703 million, ARR up 15% year over year to $2.43 billion, and free cash flow of $197 million, all above guidance.
• Management said bookings were strong, with Q3 TCV bookings growth cited as over 20%, and raised full-year bookings expectations versus last quarter.
• The company highlighted continued traction in external storage, public cloud (NC2), and AI/Kubernetes offerings, including notable wins with Pure Storage, Dell PowerFlex, and cloud deployments on AWS and OVHcloud.
• Nutanix raised full-year fiscal 2026 guidance to $2.82 billion-$2.84 billion of revenue, about 22.5% non-GAAP operating margin, and $760 million-$780 million of free cash flow, while Q4 guidance implies revenue of $725 million-$745 million.
• Executives said supply chain constraints and higher server prices are still delaying revenue conversion and may continue into fiscal 2027, creating pressure on customer budgets and timelines.

Nutanix Price Performance

Shares of NASDAQ NTNX opened at $48.81 on Friday. The company has a market cap of $12.94 billion, a PE ratio of 51.38, a price-to-earnings-growth ratio of 5.20 and a beta of 0.54. Nutanix has a 12 month low of $34.01 and a 12 month high of $82.42. The company has a 50-day simple moving average of $41.79 and a 200-day simple moving average of $45.45.

More Nutanix News

Here are the key news stories impacting Nutanix this week:

• Positive Sentiment: Nutanix reported Q3 fiscal 2026 earnings of $0.47 per share, well above the $0.35 consensus, while revenue of $703.1 million also topped estimates. The company said annual recurring revenue rose 15% year over year, highlighting solid demand and execution. Nutanix Reports Third Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Management raised its fiscal 2026 guidance, which reassured investors that the strong quarter may continue into the rest of the year and helped support the stock. Nutanix Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Several Wall Street firms lifted price targets after the earnings beat, including JPMorgan, Barclays, Morgan Stanley, and Needham, signaling improved analyst confidence in Nutanix’s outlook. Nutanix Analysts Boost Their Forecasts Following Upbeat Q3 Results
• Neutral Sentiment: Nutanix also announced it will present at an upcoming investor conference, which keeps the company visible to the market but is not a major fundamental catalyst by itself. Nutanix to Present at Upcoming Investor Conference

Institutional Investors Weigh In On Nutanix

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp grew its holdings in shares of Nutanix by 14.1% during the fourth quarter. Mackenzie Financial Corp now owns 262,223 shares of the technology company’s stock worth $13,598,000 after buying an additional 32,327 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Nutanix by 19.4% in the fourth quarter. NewEdge Advisors LLC now owns 15,117 shares of the technology company’s stock worth $781,000 after acquiring an additional 2,458 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Nutanix by 24.8% in the fourth quarter. Empowered Funds LLC now owns 11,597 shares of the technology company’s stock worth $599,000 after acquiring an additional 2,307 shares during the last quarter. XTX Topco Ltd boosted its position in shares of Nutanix by 757.4% in the fourth quarter. XTX Topco Ltd now owns 168,956 shares of the technology company’s stock worth $8,733,000 after acquiring an additional 149,251 shares during the last quarter. Finally, Utah Retirement Systems boosted its position in shares of Nutanix by 0.6% in the fourth quarter. Utah Retirement Systems now owns 42,355 shares of the technology company’s stock worth $2,189,000 after acquiring an additional 257 shares during the last quarter. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NTNX has been the subject of several recent research reports. Piper Sandler restated an “overweight” rating and set a $60.00 target price (down from $63.00) on shares of Nutanix in a report on Thursday. Barclays raised their target price on shares of Nutanix from $47.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday. UBS Group raised their target price on shares of Nutanix from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday. Northland Securities set a $47.00 target price on shares of Nutanix in a report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Nutanix in a report on Friday, March 27th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.00.

Nutanix Company Profile

Nutanix, Inc is an enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure. Founded in 2009 and headquartered in San Jose, California, Nutanix is best known for pioneering hyperconverged infrastructure (HCI), an approach that integrates compute, storage and virtualization into a single software-defined platform aimed at reducing complexity and operational overhead in private and hybrid cloud environments.

The company’s product portfolio centers on the Nutanix Cloud Platform, which includes its core AOS software for HCI, Prism for infrastructure management and automation, and a suite of additional services such as Calm for application automation, Files and Volumes for file and block services, Karbon for Kubernetes orchestration, and Era for database management.