TLDR
- Nutanix shares jumped 6.1% after beating Q4 earnings expectations
- Revenue hit $757.1 million, up 16% year over year, beating the $738 million estimate
- Adjusted operating income came in at $198 million versus the $164 million Wall Street expected
- Nutanix has a partnership with AMD, which bought $150 million of Nutanix stock earlier this year
- Fiscal 2027 revenue guidance of $3.18 to $3.23 billion came in slightly below analyst forecasts
Nutanix reported strong fourth-quarter results on August 26, sending its stock up more than 6% in premarket trading on Thursday.
NUTANIX $NTNX Q4’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $757.1M (Est. $738M) 🟢; +16% YoY
🔹 Adj. EPS: $0.60 (Est. $0.49) 🟢
🔹 ARR: $2.55B; +16% YoY
🔹 FCF: $277.6M (Est. $198M) 🟢; +34% YoYFY27 Guide:
🔹 Revenue: $3.18B-$3.23B (Est. $3.2B) 🟡
🔹 Non-GAAP Operating Margin: 24% to…— Wall St Engine (@wallstengine) August 26, 2026
The cloud-computing company posted revenue of $757.1 million, up 16% from the same period last year. That beat Wall Street’s estimate of $738 million.
Adjusted operating income came in at $198 million, well above the $164 million analysts had expected.
Shares were trading around $69.39 before the opening bell. The stock had already risen about 34% over the prior three months.
KeyBanc analyst Brandon Nispel kept an Overweight rating on the stock and raised his price target to $79 from $75. He said bookings are growing fast and that revenue should catch up.
Nispel described the stock as “inexpensive with accelerating growth,” pointing to the company’s momentum heading into fiscal 2027.
AMD Partnership Adds Weight to the Story
One factor supporting investor interest in Nutanix is its deal with Advanced Micro Devices. In February, the two companies announced a partnership to build an infrastructure platform for agentic AI applications.
As part of that agreement, AMD agreed to purchase $150 million of Nutanix stock and provide up to $100 million in funding to develop the platform.
Nutanix’s software combines computing, storage, and networking into a single system. It allows businesses to manage all their apps and data from one place.
CEO Rajiv Ramaswami said fiscal 2026 was a strong year overall. The company added more than 3,000 new customers and expanded partnerships with AMD, Nvidia, Lenovo, and NetApp.
Annual recurring revenue for the full fiscal year 2026 reached $2.55 billion, up 16% from $2.20 billion the year before.
Free cash flow for the year came in at $840.7 million, up from $750.2 million in fiscal 2025.
Guidance Comes in Slightly Below Expectations
For fiscal 2027, Nutanix guided for revenue of between $3.18 billion and $3.23 billion. The midpoint of that range is $3.205 billion, just below the $3.22 billion analysts had been expecting.
First-quarter fiscal 2027 revenue guidance was set at $755 million to $765 million.
The company also guided for a non-GAAP operating margin of 24% to 25% for the full year.
Nutanix recently launched its Model Context Protocol server for its cloud platform, designed to support agentic AI in hybrid cloud environments.
The company also announced the general availability of Nutanix Enterprise AI 2.8 and a new partnership with ChronoScale to deliver enterprise AI infrastructure.
Nutanix also confirmed availability of Dell Private Cloud with PowerStore for its cloud infrastructure product.
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