Nutanix Inc ( (NTNX) ) has released its Q1 earnings. Here is a breakdown of the information Nutanix Inc presented to its investors.
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Nutanix Inc., a leader in hybrid multicloud computing, provides a unified software platform for managing applications and data across various environments, simplifying operations for organizations worldwide. In its first quarter of fiscal 2026, Nutanix reported a robust 18% year-over-year growth in Annual Recurring Revenue (ARR) and a solid free cash flow performance, reflecting strong demand for its cloud platform. The company also announced strategic expansions with partners like Dell and Microsoft, enhancing its cloud platform’s capabilities.
Key financial highlights for the quarter include a 13% increase in total revenue to $670.6 million and a notable rise in GAAP operating income to $49.3 million from $27.3 million in the previous year. Nutanix’s gross margin improved slightly, with GAAP and non-GAAP gross margins at 87% and 88%, respectively. Additionally, the company achieved a free cash flow of $174.5 million, up from $151.9 million a year ago.
Strategically, Nutanix was recognized as a leader in the 2025 Gartner Magic Quadrant for Distributed Hybrid Infrastructure and announced upcoming support for Dell PowerStore and Microsoft Azure Virtual Desktop, further solidifying its position in the hybrid cloud market. The addition of Greg Lavender to the board of directors is expected to bring valuable industry expertise to the company.
Looking ahead, Nutanix maintains a positive outlook, expecting continued demand and stable business fundamentals. The company has adjusted its revenue guidance for the second quarter and the full fiscal year, anticipating revenues between $2.82 billion and $2.86 billion, with a non-GAAP operating margin of 21% to 22%. Nutanix’s management remains confident in its strategic direction and growth prospects.