Nutanix (NTNX) Nosedives 17.7% on Bleak Outlook

Nutanix fell by 17.75 percent connected Wednesday to adjacent astatine $48.34 apiece arsenic capitalist sentiment was dampened by a cautious outlook aft a abrupt gross displacement successful the second portion of the archetypal 4th of fiscal twelvemonth 2026.

In an updated report, Nutanix Inc. (NASDAQ:NTNX) said it grew its revenues for the archetypal 4th of the fiscal twelvemonth ending October 31, 2025, by 13 percent to $670.6 cardinal from $591 cardinal successful the aforesaid play past year. Annual recurring revenues jumped by 18 percent to $2.28 cardinal from $1.94 cardinal year-on-year.

“Bookings successful our archetypal 4th were somewhat higher than expected. However, precocious successful the quarter, we saw immoderate gross displacement from Q1 into aboriginal periods. We expect that the gross implicit clip remains unchanged,” said Nutanix Inc. (NASDAQ:NTNX) Chief Finance Officer Rukmini Sivaraman.

“We expect this dynamic to proceed and person factored it successful our Q2 and updated full-year gross guidance,” she noted.

For the 2nd 4th alone, the institution expects revenues to scope $705 cardinal to $715 million, portion non-GAAP operating borderline is targeted astatine 20.5 percent to 21.5 percent.

For the afloat fiscal year, Nutanix Inc. (NASDAQ:NTNX) targets revenues betwixt $2.82 cardinal and $2.86 billion.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.