NTNX earnings analysis
What we found in NTNX's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Nutanix reported strong Q3 results with revenue of $703 million, a 10% increase from the prior year, and an EPS of $0.47, significantly surpassing estimates. The company raised its full-year revenue guidance, reflecting robust demand, particularly in AI and cloud solutions, although it faces challenges with operating expenses and global supply chain constraints.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 10% YoY
- Q3 revenue reached $703 million, up from $639 million last year.
- EPS Beat Expectations
- Reported EPS of $0.47, exceeding estimates of $0.29.
- Improved Gross Margin
- Gross margin maintained at 87% compared to 86.9% last year.
- Increased Subscription Revenue
- Subscription revenue rose to $609.7 million, up 20% YoY.
- Strong Free Cash Flow
- Free cash flow for the quarter was approximately $203 million, compared to $197 million last year.
- Expanded Customer Base
- The total end customer count increased to 31,710 from 28,490 YoY.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Operating Expense Concerns
- Operating expenses increased to $540 million, up 6% YoY, impacting margins.
- Supply Chain Risks
- Continued constraints on hardware components may affect deployment and revenue recognition.
- Macro Economic Factors
- Increasing inflation and geopolitical tensions may impact customer spending.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.47
- Gross margin
- 87.0%
- Operating margin
- 10.0%
What they said about what is next.
Full-year revenue guidance raised to $2.82 - $2.84 billion.
The filing reads better than the one before it.
What came before.
- 10-Q · March 2, 2026
- Nutanix reported a beat in Q2 FY2026 with revenue of $722,825,000 (vs. $654,721,000 in Q2 FY2025) and diluted EPS of $0.36 (vs. $0.19 in Q2 FY2025). Gross profit expanded to $631,552,000 (≈87.4% margin) and operating…
- 10-K · September 24, 2025
- Nutanix, Inc. reported a strong financial performance for FY 2025, highlighted by a revenue increase of approximately 15% year-over-year to reach $2.617 billion and a notable transition to a profitable operating model.…
- 10-Q · March 6, 2025
- Nutanix reported strong Q2 results for the three months ended January 31, 2025: revenue rose to $654,721,000 (up $89,488,000 or 15.8% year-over-year), operating income improved to $65,438,000 (10.0% operating margin)…
- 10-Q · June 10, 2024
- Nutanix reported a strong performance in its latest quarterly results, achieving revenue of $524,577,000, a 16.9% increase from $448,581,000 in the prior year. The company reported a narrower loss of $15,616 compared to…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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