Nutanix Exceeds Q4 Guidance with Record Revenue and Strong ARR Growth
Nutanix reported record fourth-quarter revenue of $757 million for fiscal 2026, surpassing its guidance range. Annual recurring revenue (ARR) reached $2.549 billion, reflecting a year-over-year increase of 16%. The company also achieved strong profitability with non-GAAP operating margins at 26.2% in Q4 and free cash flow for the full fiscal year reaching $841 million. Management attributed performance to robust demand for external storage integrations and Nutanix Cloud Clusters, which help customers manage hardware shortages and pricing pressures. Strategic partnerships with Dell, Pure Storage, and NetApp are expected to drive growth in 2027. However, the company warned that server supply constraints could delay customer projects. Nutanix plans to reinvest savings from a workforce restructuring into AI and cloud-native products. For fiscal 2027, revenue is projected between $3.18 billion and $3.23 billion.
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Topics: arr_growth cloud_clusters free_cash_flow partnerships revenue