Nutanix delivered a strong performance in Q3, exceeding revenue and cash flow guidance, and showing robust ARR growth. The company reported significant new logo growth and continued innovation through partnerships and product expansion. However, challenges in the macro environment and flat net retention rates pose some concerns.

Company Guidance -

Q4 2025

During the Nutanix Third Quarter 2025 Earnings Conference Call, management provided an optimistic outlook, reporting results that exceeded all guided metrics. Nutanix achieved a year-over-year ARR growth of 18%, reaching $2.14 billion, and reported quarterly revenue of $639 million, surpassing the guided range of $620-$630 million and marking a 22% year-over-year increase. The company also reported a non-GAAP operating margin of 21.5%, above the guided range of 17%-18%, and a non-GAAP net income of $125 million, equating to a diluted EPS of $0.42 per share. Free cash flow in Q3 was $203 million, representing a 32% margin, with cash, cash equivalents, and short-term investments totaling $1.882 billion. Nutanix raised its guidance for the full fiscal year 2025, projecting revenue between $2.52 billion and $2.53 billion, a non-GAAP operating margin of approximately 20.5%, and free cash flow of $700 million to $730 million. The company continues to focus on its cloud platform expansion, emphasizing partnerships, customer engagement, and innovation to sustain growth.

Exceeding Financial Guidance

Nutanix reported results ahead of guidance with a revenue of $639 million, above the expected $620 million to $630 million range, marking a year-over-year growth of 22%.

Annual Recurring Revenue Growth

ARR grew 18% year-over-year to $2.14 billion, demonstrating strong demand and expansion within existing customer segments.

Strong New Logo Growth

The company noted strong new logo growth across all customer segments, highlighting significant wins with Fortune Global 500 companies and major asset managers.

Free Cash Flow and Margin Improvements

Free cash flow in Q3 was $203 million, representing a 32% free cash flow margin. Non-GAAP operating margin was 21.5%, higher than the guided range of 17% to 18%.

Partnerships and Innovation

Announced new partnerships and product innovations including support for Dell PowerFlex and Pure Storage, and expansion to support Google Cloud.

Nutanix (NTNX) Earnings, Revenues Date & History

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NTNX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 27, 2025	2025 (Q4)	0.33 / -	0.27	―	―	―
May 28, 2025	2025 (Q3)	0.38 / 0.42	0.28	50.00% (+0.14)
Feb 26, 2025	2025 (Q2)	0.47 / 0.56	0.46	21.74% (+0.10)
Nov 26, 2024	2025 (Q1)	0.32 / 0.42	0.29	44.83% (+0.13)
Aug 28, 2024	2024 (Q4)	0.20 / 0.27	0.24	12.50% (+0.03)
May 29, 2024	2024 (Q3)	0.17 / 0.28	0.04	600.00% (+0.24)
Feb 28, 2024	2024 (Q2)	0.29 / 0.46	0.26	76.92% (+0.20)
Nov 29, 2023	2024 (Q1)	0.18 / 0.29	0.03	866.67% (+0.26)
Aug 31, 2023	2023 (Q4)	0.16 / 0.24	-0.17	241.18% (+0.41)
May 24, 2023	2023 (Q3)	0.04 / 0.04	-0.05	180.00% (+0.09)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NTNX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 28, 2025	$78.87	$75.85	-3.83%
Feb 26, 2025	$69.35	$76.54	+10.37%
Nov 26, 2024	$72.35	$66.70	-7.81%
Aug 28, 2024	$52.29	$62.91	+20.31%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.