Nutanix, Inc. provides an enterprise cloud platform across North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. Its offerings include hyperconverged infrastructure software, the Nutanix Cloud Platform for hybrid multicloud environments, and a range of products such as Nutanix AOS, AHV, Kubernetes Platform, Unified Storage, and Database Service. The company also provides product support, consulting, and implementation services. It serves industries including financial services, retail, manufacturing, public sector, automotive, consumer goods, education, energy, healthcare, media, technology, and telecommunications, and has a strategic alliance with NetApp, Inc.
Nutanix's AI Push and Analyst Upgrades Drive Bullish Sentiment
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New AI and Kubernetes Products Nutanix launched Enterprise AI 2.8 and Kubernetes Platform 2.19, adding tools to manage AI workloads and cloud-native apps. This strengthens its product lineup, helping attract enterprise customers and potentially boosting future revenue.
New product launches are a key driver of future growth and competitive positioning.
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Broadcom's VMware AI Expansion Broadcom expanded VMware's AI and hybrid cloud offerings, intensifying competition. This could pressure Nutanix's market share and pricing, as customers may choose VMware's integrated platform.
Competitive threats directly impact Nutanix's ability to grow and maintain margins.
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NetApp Partnership for Hybrid Cloud NetApp is partnering with Nutanix to combine ONTAP storage with Nutanix Cloud Infrastructure, available this fall. This collaboration enhances Nutanix's hybrid cloud offerings and could drive customer adoption.
Partnerships can expand market reach and strengthen product capabilities.
Q3 2026
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Nutanix Grows on AI Partnerships, But Faces VMware Competition
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Strong Q4 Results and Guidance Nutanix reported Q4 revenue up 16% to $757 million and annual recurring revenue up 16% to $2.55 billion. Fiscal 2027 guidance of $3.18–3.23 billion revenue and $850–950 million free cash flow signals continued growth.
This point shows the financial performance that directly supports the stock price.
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AI and Kubernetes Product Expansion Nutanix launched new AI and Kubernetes products and formed a ChronoScale AI partnership. These moves expand its offerings in fast-growing areas, helping attract customers and strengthen its competitive position.
This point highlights new products and partnerships that drive future growth.
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Strategic Partnerships with Tech Giants Nutanix signed agreements with AMD, Lenovo, NetApp, and NVIDIA. The NetApp hybrid cloud partnership combines ONTAP storage with Nutanix Cloud Infrastructure, enhancing offerings and potentially driving broader adoption.
This point shows how partnerships expand distribution and enhance product capabilities.
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Intensifying Competition from Broadcom's VMware Broadcom expanded VMware's AI and hybrid cloud offerings, intensifying competition. This could pressure Nutanix's market share and pricing, posing a risk to its growth trajectory.
This point provides the main counterweight, showing a competitive threat that could limit upside.
News & notes movingNTNX
United States
Cloud & Digital Infrastructure▲
Nutanix Fair Value Estimate Raised to US$76.76 as Analysts Lift Targets on Hybrid Cloud Demand
Nutanix's modeled Fair Value reference point has been lifted from about US$58.98 to roughly US$76.76, as analysts revisited their price targets on hybrid cloud demand. Needham raised its target to US$90, citing Nutanix support for external storage, centralized services and Kubernetes management that helps customers move workloads between on premise and public cloud. UBS set a US$80 target on improving demand tied to VMware migration and pipeline growth, while RBC Capital lifted its target to US$84 on encouraging product portfolio and partnership trends. Oppenheimer and KeyBanc raised their targets to US$80 and US$75 respectively, pointing to HyperConverged demand, AI related IT hardware cycles and server refresh activity. Alongside the higher Fair Value, the Revenue Growth assumption moved from roughly 12.48% to about 13.68%, the Net Profit Margin expectation shifted from about 14.95% to roughly 14.13%, the Future P/E multiple changed from about 35.4x to roughly 45.3x, and the Discount Rate adjusted from 8.64% to about 8.81%.
Cloud & Digital Infrastructure › Enterprise Data Storage Systems ▲Demand
NTNX · Capital · Positive Analysts raised Nutanix price targets and its modeled Fair Value on hybrid cloud demand, lifting the stock's valuation reference.
NetApp Unveils Hybrid Multi-Cloud Capabilities With Sovereign Storage and Autonomous Operations
NetApp announced new hybrid multi-cloud capabilities with autonomous controls designed to maximize enterprise flexibility and efficiency across on-premises and cloud environments. The offerings include NetApp Keystone Sovereign, which gives qualified European Economic Area customers data sovereignty controls covering data residency, technical, and regional considerations, and NetApp Console Autonomous Operations, which replaces manual approval loops with outcome-based automation that runs securely in air-gapped environments. NetApp Console Fleet Management adds a second Console delivery model installed directly in the customer's environment, while the NetApp Console AI ChatOps Interface delivers autonomous storage operations, intent-based provisioning, and policy guardrails across ONTAP storage systems through an open LLM gateway. NetApp also said it is partnering with Nutanix to combine NetApp ONTAP with Nutanix Cloud Infrastructure for virtualized workloads, with general availability scheduled for this fall. Sandeep Singh, Senior Vice President and General Manager, Platform at NetApp, said customers should not have to choose between the performance and control of on-premises infrastructure and the flexibility of cloud.
Cloud & Digital Infrastructure › Enterprise Data Storage Systems ▲Technology
Artificial Intelligence › Agentic AI & Autonomous Workflows ▲Technology
NTAP · Technology · Positive NetApp unveiled new hybrid multi-cloud capabilities including Keystone Sovereign, Console Autonomous Operations, Fleet Management, and AI ChatOps.
NTNX · Technology · Positive NetApp is partnering with Nutanix to combine ONTAP with Nutanix Cloud Infrastructure for virtualized workloads, GA this fall.
Nutanix Q4 Earnings Beat Estimates as ARR Growth Accelerates
Nutanix reported fourth-quarter fiscal 2026 non-GAAP earnings of 60 cents per share, beating the Zacks Consensus Estimate by 25% and rising from 37 cents in the year-ago quarter. Revenues climbed 16% year over year to $757.1 million, beating the company's guided range of $725-$745 million and accelerating from the company's 10% growth rate in the preceding quarters, while annual recurring revenues rose 16% year over year to $2.549 billion. Non-GAAP operating margin expanded to 26.2%, up 790 basis points from the year-ago quarter and well above the company's guidance range of 21-23%, and full fiscal year 2026 free cash flow reached $841 million, a 29% free cash flow margin, with a Rule of 40 score of 42%. For the first quarter of fiscal 2027, Nutanix guided revenues between $755 million and $765 million with a non-GAAP operating margin of 26-28%, and for fiscal 2027 it estimated revenues of $3.180-$3.230 billion, free cash flow of $850-$950 million, and a non-GAAP operating margin of 24-25%. Shares have lost about 1.8% in the month since the report, underperforming the S&P 500, while the consensus estimate has shifted 29.78% higher over the past month and the stock carries a Zacks Rank #3 (Hold).
Nutanix Named Gartner Leader as Parallels Expands Collaboration
Parallels announced in early September 2026 an expanded collaboration with Nutanix, adding support for Nutanix Prism in Parallels RAS to streamline virtual application and desktop delivery on Nutanix infrastructure. Nutanix was also recognized as a Leader in the 2026 Gartner Magic Quadrant for Server Virtualization Platforms, a nod that underscores its position in hybrid cloud and AI-ready infrastructure. Nutanix's investment narrative projects $3.9 billion in revenue and $584.9 million in earnings by 2029, requiring 12.5% yearly revenue growth and about a $309 million earnings increase from $275.9 million today. Some of the most optimistic analysts expect Nutanix to reach about US$4.3 billion in revenue and US$565.9 million in earnings by 2029, a far more upbeat scenario than the consensus view. The narrative yields a $58.98 fair value, implying a 14% downside to the current price.
NTNX · Technology · Positive Parallels RAS added support for Nutanix Prism, deepening integration for virtual app/desktop delivery on Nutanix infrastructure.
NTNX · Capital · Positive Nutanix recognized as a Leader in the 2026 Gartner Magic Quadrant for Server Virtualization Platforms, supporting its valuation narrative.
Parallels · Technology · Positive Parallels expanded its collaboration with Nutanix, adding Nutanix Prism support to Parallels RAS.
Bridgewater Opens New Positions in ServiceNow and Nutanix
Bridgewater Associates opened new positions in two AI stocks during the second quarter, according to billionaire Ray Dalio's fund's 13F filings. The fund bought about 635,000 shares of ServiceNow worth roughly $63 million, a 0.26% portfolio weight, and about 999,000 shares of Nutanix worth roughly $51 million, a 0.21% weight. Nutanix ended fiscal 2026 with recurring revenue of $2.55 billion, up 16%, and added more than 3,000 new customers during the year, though its stock is down 11% over the past year. Management said external storage support drove several seven-figure deals in the fourth quarter and expects it to be the largest single growth contributor in fiscal 2027, while Nutanix has also been picking up business from customers leaving Broadcom's VMware after price increases and licensing changes. Revenue growth is slowing, from 18% in fiscal 2025 to 12% in fiscal 2026, with guidance for 12% again in fiscal 2027, and server shortages are expected to last all of fiscal 2027. The stock trades around 29 times forward earnings against a technology sector median near 22, with enterprise value to sales at about 5.3 against a sector median of 3.5.
Cloud & Digital Infrastructure › Horizontal SaaS Capital
Cloud & Digital Infrastructure › Data Platforms & Analytics Competition
Artificial Intelligence › Agentic AI & Autonomous Workflows Capital
Cloud & Digital Infrastructure › Enterprise Data Storage Systems Competition
Artificial Intelligence › AI Tooling, Data & MLOps Competition
NTNX · Capital · Neutral Bridgewater opened a new ~$51M position in Nutanix per its 13F filing, an investor/valuation event.
NTNX · Demand · Positive Nutanix added more than 3,000 new customers and is winning business from customers leaving Broadcom's VMware after price increases and licensing changes.
NOW · Capital · Neutral Bridgewater opened a new ~$63M position in ServiceNow per its 13F filing, an investor/valuation event with no company-specific operational development.
Nutanix Stock Rises 16% in August on Strong Earnings
Nutanix shares gained more than 16% in August, driven by its fiscal fourth-quarter and full-year results that beat estimates and a wave of analyst price target hikes. The company also announced a workforce reduction of about 5%, costing $33 million to $43 million, with cuts expected to be completed by the end of October. In the quarter, Nutanix reported revenue of over $757 million, up 16% year over year, and adjusted earnings per share of $0.60, surpassing the consensus estimate of $0.49. Annual recurring revenue reached $2.55 billion, also up 16%. For fiscal 2027, management guided revenue to $3.18 billion to $3.23 billion and free cash flow to $850 million to $950 million. Analysts from Bank of America, Morgan Stanley, and Wells Fargo raised their price targets following the report.
Broadcom Expands VMware AI Push to Challenge Nutanix and Microsoft
Broadcom is expanding VMware's role in enterprise private AI infrastructure with the release of VMware Cloud Foundation 9.1, aiming to capture a larger share of enterprise AI and hybrid-cloud spending against rivals Nutanix and Microsoft. The platform supports heterogeneous computing across AMD, Intel, and NVIDIA architectures, allowing customers to run AI, Kubernetes, and traditional virtualized workloads in a common private-cloud environment. Broadcom reported that software revenues rose 9% year over year to $7.2 billion in the second quarter of fiscal 2026, with annualized recurring revenues up 17%, and expects infrastructure software revenues to reach approximately $8.9 billion in the third quarter, representing 31% growth. The infrastructure software business generated a 93% gross margin and an operating margin of roughly 79% in the quarter. Nutanix is countering with its Nutanix Cloud Platform and Agentic AI, while Microsoft's Azure surpassed $100 billion in annual revenues, growing 41%, and its Sovereign Cloud and Foundry offerings expand its enterprise AI ecosystem. Broadcom shares have gained 6.3% year to date, underperforming the sector's 16.8% growth, and trade at a forward P/E of 20.70X, slightly above the sector's 20.65X.
Nutanix Launches Enterprise AI 2.8 and Kubernetes Platform 2.19
Nutanix announced the general availability of Nutanix Enterprise AI 2.8, introducing new tools to manage and govern agentic AI workloads at scale, along with plans for Nutanix Kubernetes Platform 2.19 to deepen Kubernetes management for cloud-native applications across hybrid environments. The company also unveiled enterprise-wide governance features, service provider programs, and validated GPU integrations to support secure and compliant production AI deployments. These new capabilities plug directly into the infrastructure many large organizations already use for private and hybrid clouds, positioning Nutanix to benefit from enterprise AI adoption. The company reported Q4 revenue of US$757.08 million and FY 2026 revenue of US$2.85 billion with net income of US$1.51 billion, and guided FY 2027 revenue in the range of US$3.18 billion to US$3.23 billion. Investors will watch whether large deals explicitly referencing NAI and NKP as core components materialize over the coming quarters.
Artificial Intelligence › AI Tooling, Data & MLOps ▲Technology
Cloud & Digital Infrastructure › Horizontal SaaS Competition
NTNX · Technology · Positive Nutanix launches Enterprise AI 2.8 and Kubernetes Platform 2.19, enhancing its product offerings for enterprise AI adoption.
Nutanix ARR Up 16% but Fiscal 2027 Cash Flow Guidance Signals Normalizing Leverage
Nutanix reported fiscal fourth-quarter revenue of $757.1 million, up 16% year over year, and annual recurring revenue of $2.55 billion, also up 16%, beating its guidance and consensus estimates. The company's fiscal 2027 outlook calls for revenue of $3.18 billion to $3.23 billion, non-GAAP operating margin of 24% to 25%, and free cash flow of $850 million to $950 million, with midpoints implying about 12% revenue growth and 7% free cash flow growth. The reported free cash flow midpoint of $900 million suggests operating leverage is normalizing, but adding back $38 million in restructuring charges yields approximately $938 million in normalized free cash flow, representing roughly 12% growth and a stable margin. Nutanix also noted continued server constraints, slower renewal pool growth, and plans to reinvest savings into AI and cloud initiatives, while fourth-quarter GAAP gross margin fell 120 basis points to 86.0%.
Dollar General, Okta, Nutanix, CrowdStrike Beat Earnings Estimates
Shares of Dollar General Corporation gained 2.5% after reporting second-quarter fiscal 2026 earnings of $2.23 per share, beating the Zacks Consensus Estimate of $2 per share. Okta, Inc.'s shares surged 28.6% after reporting second-quarter 2026 earnings of $1.05 per share, surpassing the Zacks Consensus Estimate of $0.96 per share. Nutanix, Inc. shares jumped 6.8% after reporting fourth-quarter fiscal 2026 earnings of $0.6 per share, outpacing the Zacks Consensus Estimate of $0.48 per share. CrowdStrike Holdings, Inc. soared 20.5% after reporting second-quarter 2026 earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.29 per share.
Nutanix Shares Jump 8.3% on Strong Q2 Results and Guidance
Nutanix shares jumped 8.3% in afternoon trading after the company reported second-quarter CY2026 financial results that beat Wall Street expectations and issued strong revenue guidance. The hybrid multicloud computing company posted revenue of $757.1 million, up 15.9% year-over-year, surpassing the consensus estimate of $737.9 million. Adjusted earnings per share came in at $0.60, a 23.6% beat over the expected $0.49. Billings rose 18.5% to $873.5 million, and annual recurring revenue grew 15.8% to $2.55 billion. Operating margin expanded to 9.2% from 4.8% a year ago, and free cash flow reached $277.6 million, a 36.7% margin. For the third quarter, Nutanix guided revenue to a midpoint of $760 million, roughly in line with expectations.
Nutanix Q4 Earnings Preview: EPS and Revenue Estimates
Nutanix is scheduled to announce its Q4 earnings results on Wednesday, August 26th, after market close. The consensus EPS estimate is $0.49, up 32.4% year-over-year, and the consensus revenue estimate is $738.29 million, up 13.0% year-over-year. Over the last two years, Nutanix has beaten EPS estimates 88% of the time and revenue estimates 88% of the time. In the last three months, EPS estimates have seen four upward revisions and twelve downward, while revenue estimates have seen five upward and nine downward. Recent analysis from contributors includes a rating downgrade due to slowing growth despite strong bookings.
Nutanix and ChronoScale Announce Strategic Partnership to Accelerate Enterprise AI Adoption
Nutanix and ChronoScale announced a strategic partnership to jointly deliver enterprise-ready AI infrastructure and accelerate adoption of AI services across global markets. ChronoScale plans to leverage Nutanix software within its AI infrastructure platform to support customer onboarding, tenant management, service automation, virtualized infrastructure, managed Kubernetes environments, and advanced AI service offerings. Customers are expected to be able to procure reserved capacity through ChronoScale GPU-as-a-Service for predictable workloads, or draw on ChronoScale Token Factory pre-paid inference tokens backed by leading open-source models for burst and experimental workloads. Nutanix will enable deployment of ChronoScale Foundry, an enterprise AI foundry, inside the customer's own environment, giving enterprises a managed platform to build, run, and govern agentic workflows locally. The partnership also establishes a framework that includes joint marketing activities, sales enablement, technical collaboration, joint solution development, and customer engagement programs targeting Global 2000 organizations.
Dell PowerStore Now Available on Nutanix Cloud Infrastructure
Dell and Nutanix have announced that Dell PowerStore can now work with the Nutanix Cloud Platform on Nutanix Cloud Infrastructure 7.6. This marks the second Dell storage platform to support Nutanix, following PowerFlex. PowerStore brings comprehensive NVMe all-flash performance and the ability to independently scale compute and storage on the Nutanix AHV hypervisor, with seamless integration into Prism without requiring new tools or additional training. Additionally, Dell Private Cloud complements this with automated installation, full lifecycle management, and system-level hardware support from Dell. Omdia notes that organizations can deploy workload-ready clusters in about 2.5 hours, reducing steps by more than 90% compared to traditional installation methods. PowerStore for Nutanix Cloud Platform is available today on AOS 7.6.
Everpure's Resilient Liquidity Position Outpaces Its Competitors
Everpure ended the first quarter of fiscal 2027 with a cash balance of $1.5 billion and a net-cash position that eliminates short-term liquidity risk, supported by a current ratio of 1.62. Excluding $1.2 billion in deferred revenues, the adjusted current ratio rises to 4.79, while remaining performance obligations of $3.8 billion underscore future cash stability. Subscription annual recurring revenues surged 19% year-over-year to $2 billion, and free cash flow reached $112 million on $180 million in operating cash flow. In contrast, Nutanix holds $2 billion in cash but carries $1.3 billion in long-term debt and negative total shareholder equity of $725 million, while Rubrik has $1.7 billion in cash against $1.1 billion in long-term debt and negative equity of $481 million, with subscription ARR of $1.6 billion trailing Everpure's position.
P · Capital · Positive Article highlights Everpure's strong cash position, high current ratio, and subscription ARR growth, indicating financial strength and reduced liquidity risk.
NTNX · Competition · Negative Article contrasts Everpure's strong liquidity and subscription ARR growth with Nutanix's debt and negative equity, implying competitive disadvantage.
RBRK · Competition · Negative Article contrasts Everpure's strong liquidity and subscription ARR growth with Rubrik's debt, negative equity, and lower subscription ARR, implying competitive disadvantage.
Nutanix and NCSSM establish endowed professorship to expand computer science education across North Carolina
Nutanix and the North Carolina School of Science and Mathematics have established the Nutanix Endowed Professorship in Computer Science, funded by a one-time corporate grant of $250,000 from Nutanix, with the endowment expected to be matched by state dollars in late 2026. The professorship will support NCSSM initiatives in teacher training and open-source educational resources, aiming to bridge the rural digital divide in computer science access. Charles Robinson has been appointed as the endowed professor and will teach six NCSSM Connect courses beginning in fall 2026, delivering honors-level computer science instruction to remote high school students across the state. The initiative builds on a decade-long partnership in which NCSSM has relied on the Nutanix Cloud Platform for its server infrastructure.
NTNX · Demand · Positive Nutanix funds a professorship to expand computer science education, potentially increasing adoption of its cloud platform in education.
Elastic, Toast, and Nutanix Stocks Rise as US-Iran De-escalation Eases Market Fears
Shares of Elastic, Toast, and Nutanix rose in afternoon trading after the United States and Iran agreed to halt military exchanges, easing fears of a wider Middle East conflict. Elastic gained 2.6%, Toast jumped 3.7%, and Nutanix climbed 3.6%. The de-escalation reduced oil prices and inflation concerns, lowering the odds of a Federal Reserve rate hike and benefiting high-growth software stocks. The rally also built on a chip-to-software rotation triggered by a report that OpenAI may delay its IPO, which softened fears that AI labs would quickly disrupt incumbent software companies.
Nutanix reported third-quarter fiscal 2026 non-GAAP earnings of 47 cents per share, beating the Zacks Consensus Estimate by 34.29% and improving 11.9% year over year. Revenues rose 10% year over year to $703.1 million, exceeding the consensus mark by 2.53%. Annual recurring revenue grew 15% to $2.43 billion, and the company added 730 new logos, an 18% increase. Nutanix raised its full-year fiscal 2026 revenue guidance to $2.82-$2.84 billion and expects non-GAAP operating margin of approximately 22.5% with free cash flow of $760-$780 million. Despite the positive results, shares have declined about 3.8% since the report, underperforming the S&P 500.
Datadog posts strongest Q1 results among cloud monitoring peers
Datadog reported first-quarter revenues of $1.01 billion, up 32.2% year on year and beating analyst estimates by 4.9%, making it the top performer in a group of four cloud monitoring stocks that collectively exceeded revenue consensus by 2.7%. The company added 240 enterprise customers paying more than $100,000 annually to reach a total of 4,550, and its stock has risen 58% since the report. Among peers, Dynatrace posted revenues of $531.7 million, up 19.4% and 2.1% above estimates, while Nutanix grew 10% to $703.1 million, exceeding expectations by 2.4% but delivering the weakest guidance update. PagerDuty reported flat revenues of $121 million, topping estimates by 1.2% but missing significantly on next-quarter EPS guidance and recording the slowest growth and weakest full-year outlook in the group.
Cloud & Digital Infrastructure › Observability & DevOps ▲Competition
DDOG · Capital · Positive Datadog reported Q1 revenues of $1.01B, up 32.2% YoY and beating estimates by 4.9%, with strong enterprise customer growth.
DT · Capital · Positive Dynatrace posted revenues of $531.7M, up 19.4% and 2.1% above estimates, but is not the main subject.
PD · Capital · Negative PagerDuty reported flat revenues of $121M, topping estimates by 1.2% but missing significantly on next-quarter EPS guidance and recording the slowest growth and weakest outlook.
NTNX · Capital · Neutral Nutanix grew 10% to $703.1M, exceeding expectations by 2.4% but delivered the weakest guidance update.
Nutanix Stock Holds Steady but Fails to Excite Analysts After Q1 Earnings
Nutanix shares have been treading water, recording a small loss of 3.4% over the past six months while holding steady at $48.52, underperforming the S&P 500's 12.4% gain. The company's billings came in at $812.9 million in Q1, with year-on-year growth averaging 13.5% over the last four quarters, slightly lagging the sector and suggesting increasing competition is causing challenges in acquiring and retaining customers. Wall Street analysts expect revenue to rise by 12.9% over the next 12 months, a slight deceleration versus its 15.6% annualized growth for the past five years, pointing to demand headwinds. Nutanix's GAAP operating margin rose by 3.2 percentage points over the last two years to 8.6% for the trailing 12 months, as sales growth provided operating leverage. The stock trades at 4.6 times forward price-to-sales, a valuation multiple deemed fair, but analysts remain unenthusiastic and recommend looking at other opportunities such as a top digital advertising platform riding the creator economy.
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