Recent News
May 27, 2026 — Nutanix reported third-quarter fiscal 2026 results, including 15% year-over-year ARR growth, raised full-year guidance, and a $750 million increase to its share-repurchase authorization.
June 1, 2026 — Nutanix announced Nutanix Unified Storage earned NVIDIA enterprise-level certification to support higher GPU utilization for AI workloads.
June 30, 2026 — Nutanix issued a $250,000 corporate grant establishing an endowed professorship to support K–12 teacher training and open-source STEAM curriculum.
Technical Analysis
Directional indicators: ADX at 32.84 indicates a strong trend; DI+ at 32.62 increasing while DI- at 14.11 decreasing reads as a bullish directional setup and supports the near-term upside bias tied to recovery narratives and recent corporate announcements.
MACD: MACD at 2.28 with the MACD signal at 1.86 and MACD_trend increasing shows bullish momentum; the MACD currently sits above its signal line, which constitutes a positive momentum cross and favors continuation of the recent advance.
MRO: MRO at -4.5 (negative) indicates price sits below the regression target and therefore implies potential for further upward price movement toward that target, aligning with bullish momentum indicators.
RSI: RSI at 66.1 and rising signals strong buying pressure without yet reaching classic overbought territory; this supports the view that momentum can extend before meaningful mean reversion pressures appear.
Price vs moving averages and bands: The close at $61.50 sits above the 12-day EMA ($58.05), the 26-day EMA ($55.63), the 20-day average ($56.97), and the 50-day average ($52.65), reflecting a short-to-intermediate bullish regime; the 200-day average at $49.16 remains well below price, underscoring the longer-term recovery. Bollinger upper bands at $60.22 (1x) and $63.46 (2x) show the stock trading near the 1x upper band, consistent with upward momentum but leaving room to the 2x band before extreme dispersion.
Ichimoku and support structure: Tenkan-Sen at 57.12 above Kijun-Sen at 53.9 indicates short-term bullish alignment; the super-trend lower support at $56.06 aligns with the 20–26 day EMA area and functions as a near-term technical support reference for swing timeframes.
Fundamental Analysis
Revenue and growth: Total revenue reached $703.1 million for the reporting period; revenue growth YoY stands at 13.727% while revenue growth QoQ shows a steep negative change of -135.087% (quarterly seasonality and timing effects reflected in the QoQ figure). Annual recurring revenue (ARR) grew 15% YoY per the reported results, indicating subscription-led demand expansion.
Profitability: EBIT of $84,310,000 produces an EBIT margin of 11.992%. EBIT margin improved YoY by 13.442% but contracted QoQ by -13.751%. The company’s EBIT margin sits below the industry peer mean of 39.317% and well below the industry peer median of 49.869%, placing Nutanix inside the lower portion of the industry peer range for EBIT margin while showing directional improvement year-over-year.
Operating metrics and cash generation: EBITDA equals $101,469,000 and operating cash flow equals $207,504,000 with free cash flow of $197,181,000, producing a free cash flow yield of 1.715%, which sits above the industry peer mean free cash flow yield of 0.763%. Cash and short-term investments total $2,017,903,000 while net debt stands at $628,672,000, resulting in a net cash-plus-investment position that supports programmatic capital allocation actions such as the announced repurchase authorization.
Returns and leverage: Return on invested capital equals 12.019% and return on assets equals 2.153%; return on equity remains negative at -9.935% due to a negative book value and accumulated deficit. Debt-to-assets sits at 44.722% while debt-to-EBITDA at 15.07x indicates leverage elevated relative to current earnings, though interest coverage near 28.14x signals manageable interest expense relative to operating profits.
Valuation multiples: Trailing PE at 91.79 and forward PE at 75.82 reflect elevated multiples driven by growth expectations; price-to-sales at 16.36 and enterprise multiple at 108.50 indicate a premium on revenue-based metrics versus many software peers. WMDST values the stock as under-valued given the combination of accelerating ARR, improving operating margins, strong cash balances, and strategic partnerships intended to expand AI addressable market exposure.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-04-30 |
| REPORT DATE: | 2026-05-27 |
| NEXT REPORT DATE: | 2026-08-26 |
| CASH FLOW | Begin Period Cash Flow | $ 603.4 M |
| Operating Cash Flow | $ 207.5 M | |
| Capital Expenditures | $ -10.32 M | |
| Change In Working Capital | $ 26.6 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 115.4 M | |
| End Period Cash Flow | $ 718.8 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 703.1 M | |
| Forward Revenue | $ 356.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 92.3 M | |
| Depreciation | $ 17.1 M | |
| Depreciation and Amortization | $ 17.2 M | |
| Research and Development | $ 196.1 M | |
| Total Operating Expenses | $ 632.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 610.8 M | |
| EBITDA | $ 101.5 M | |
| EBIT | $ 84.3 M | |
| Operating Income | $ 70.5 M | |
| Interest Income | $ 17.5 M | |
| Interest Expense | $ 3.0 M | |
| Net Interest Income | $ 14.5 M | |
| Income Before Tax | $ 81.3 M | |
| Tax Provision | $ 9.2 M | |
| Tax Rate | 11.347 % | |
| Net Income | $ 72.1 M | |
| Net Income From Continuing Operations | $ 72.1 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.35 | |
| EPS Actual | $ 0.47 | |
| EPS Difference | $ 0.12 | |
| EPS Surprise | 34.286 % | |
| Forward EPS | $ 0.55 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.4 B | |
| Intangible Assets | $ 187.3 M | |
| Net Tangible Assets | $ -912.88 M | |
| Total Current Assets | $ 2.6 B | |
| Cash and Short-Term Investments | $ 2.0 B | |
| Cash | $ 718.8 M | |
| Net Receivables | $ 251.6 M | |
| Inventory | — | |
| Long-Term Investments | $ 126.2 M | |
| LIABILITIES | ||
| Accounts Payable | $ 84.4 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 1.5 B | |
| Net Debt | $ 628.7 M | |
| Total Debt | $ 1.5 B | |
| Total Liabilities | $ 4.1 B | |
| EQUITY | ||
| Total Equity | $ -725.61 M | |
| Retained Earnings | $ -4.94 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ -2.72 | |
| Shares Outstanding | 266.525 M | |
| Revenue Per-Share | $ 2.64 | |
| VALUATION | Market Capitalization | $ 11.5 B |
| Enterprise Value | $ 11.0 B | |
| Enterprise Multiple | 108.504 | |
| Enterprise Multiple QoQ | 4.193 % | |
| Enterprise Multiple YoY | -50.744 % | |
| Enterprise Multiple IPRWA | high: 972.729 mean: 115.299 NTNX: 108.504 median: 52.352 low: -246.135 |
|
| EV/R | 15.66 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | -4.711 | |
| Asset To Liability | 0.825 | |
| Debt To Capital | 1.903 | |
| Debt To Assets | 0.447 | |
| Debt To Assets QoQ | -5.021 % | |
| Debt To Assets YoY | -6.924 % | |
| Debt To Assets IPRWA | high: 0.843 NTNX: 0.447 mean: 0.162 median: 0.075 low: 0.005 |
|
| Debt To Equity | -2.107 | |
| Debt To Equity QoQ | 13.517 % | |
| Debt To Equity YoY | 0.747 % | |
| Debt To Equity IPRWA | high: 2.622 mean: 0.223 median: 0.128 low: -1.569 NTNX: -2.107 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | -15.847 | |
| Price To Book QoQ | 3.921 % | |
| Price To Book YoY | -41.419 % | |
| Price To Book IPRWA | high: 16.13 mean: 7.524 median: 6.661 low: -10.151 NTNX: -15.847 |
|
| Price To Earnings (P/E) | 91.794 | |
| Price To Earnings QoQ | 7.716 % | |
| Price To Earnings YoY | -46.255 % | |
| Price To Earnings IPRWA | high: 321.173 NTNX: 91.794 mean: 89.804 median: 81.479 low: -196.279 |
|
| PE/G Ratio | -5.712 | |
| Price To Sales (P/S) | 16.355 | |
| Price To Sales QoQ | -6.74 % | |
| Price To Sales YoY | -45.697 % | |
| Price To Sales IPRWA | high: 62.144 median: 32.739 mean: 32.233 NTNX: 16.355 low: 2.207 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 75.817 | |
| Forward PE/G | -4.718 | |
| Forward P/S | 32.318 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 5.893 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.21 | |
| Asset Turnover Ratio QoQ | -4.109 % | |
| Asset Turnover Ratio YoY | 0.0 % | |
| Asset Turnover Ratio IPRWA | high: 0.368 NTNX: 0.21 median: 0.124 mean: 0.122 low: 0.048 |
|
| Receivables Turnover | 2.745 | |
| Receivables Turnover Ratio QoQ | 13.286 % | |
| Receivables Turnover Ratio YoY | 28.362 % | |
| Receivables Turnover Ratio IPRWA | high: 3.24 NTNX: 2.745 mean: 1.438 median: 1.277 low: 0.46 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 33.238 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -56.99 | |
| Cash Conversion Cycle Days QoQ | -2.376 % | |
| Cash Conversion Cycle Days YoY | 576.642 % | |
| Cash Conversion Cycle Days IPRWA | high: 180.031 mean: -28.396 NTNX: -56.99 low: -60.051 median: -60.051 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.616 | |
| CapEx To Revenue | -0.015 | |
| CapEx To Depreciation | -0.605 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 621.9 M | |
| Net Invested Capital | $ 621.9 M | |
| Invested Capital | $ 621.9 M | |
| Net Tangible Assets | $ -912.88 M | |
| Net Working Capital | $ 1.1 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.373 | |
| Current Ratio | 1.777 | |
| Current Ratio QoQ | 7.374 % | |
| Current Ratio YoY | -5.572 % | |
| Current Ratio IPRWA | high: 3.831 NTNX: 1.777 median: 1.23 mean: 1.209 low: 0.314 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 15.068 | |
| Cost Of Debt | 0.173 % | |
| Interest Coverage Ratio | 28.141 | |
| Interest Coverage Ratio QoQ | -16.137 % | |
| Interest Coverage Ratio YoY | 22.897 % | |
| Interest Coverage Ratio IPRWA | high: 80.478 median: 53.499 mean: 38.525 NTNX: 28.141 low: -53.252 |
|
| Operating Cash Flow Ratio | 0.059 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 90.228 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.324 % | |
| Revenue Growth | -2.734 % | |
| Revenue Growth QoQ | -135.087 % | |
| Revenue Growth YoY | 13.727 % | |
| Revenue Growth IPRWA | high: 18.286 % median: 8.591 % mean: 7.796 % NTNX: -2.734 % low: -13.038 % |
|
| Earnings Growth | -16.071 % | |
| Earnings Growth QoQ | -143.928 % | |
| Earnings Growth YoY | -35.716 % | |
| Earnings Growth IPRWA | high: 66.142 % mean: 11.689 % median: 10.345 % NTNX: -16.071 % low: -73.529 % |
|
| MARGINS | ||
| Gross Margin | 86.875 % | |
| Gross Margin QoQ | -0.57 % | |
| Gross Margin YoY | -0.157 % | |
| Gross Margin IPRWA | high: 90.951 % NTNX: 86.875 % mean: 69.587 % median: 67.197 % low: 35.718 % |
|
| EBIT Margin | 11.992 % | |
| EBIT Margin QoQ | -13.751 % | |
| EBIT Margin YoY | 13.442 % | |
| EBIT Margin IPRWA | high: 55.554 % median: 49.869 % mean: 39.317 % NTNX: 11.992 % low: -22.57 % |
|
| Return On Sales (ROS) | 10.029 % | |
| Return On Sales QoQ | -13.84 % | |
| Return On Sales YoY | -5.127 % | |
| Return On Sales IPRWA | high: 53.787 % median: 45.111 % mean: 35.695 % NTNX: 10.029 % low: -23.448 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 197.2 M | |
| Free Cash Flow Yield | 1.715 % | |
| Free Cash Flow Yield QoQ | 13.576 % | |
| Free Cash Flow Yield YoY | 62.252 % | |
| Free Cash Flow Yield IPRWA | high: 5.981 % NTNX: 1.715 % mean: 0.763 % median: 0.666 % low: -0.862 % |
|
| Free Cash Growth | 3.011 % | |
| Free Cash Growth QoQ | -68.93 % | |
| Free Cash Growth YoY | -65.545 % | |
| Free Cash Growth IPRWA | high: 258.401 % median: 24.274 % mean: 10.304 % NTNX: 3.011 % low: -162.367 % |
|
| Free Cash To Net Income | 2.735 | |
| Cash Flow Margin | 12.306 % | |
| Cash Flow To Earnings | 1.2 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.153 % | |
| Return On Assets QoQ | -31.016 % | |
| Return On Assets YoY | 3.41 % | |
| Return On Assets IPRWA | high: 6.761 % median: 4.924 % mean: 3.725 % NTNX: 2.153 % low: -6.559 % |
|
| Return On Capital Employed (ROCE) | 4.327 % | |
| Return On Equity (ROE) | -0.099 | |
| Return On Equity QoQ | -19.834 % | |
| Return On Equity YoY | 11.554 % | |
| Return On Equity IPRWA | high: 0.154 median: 0.081 mean: 0.072 NTNX: -0.099 low: -0.177 |
|
| DuPont ROE | -9.26 % | |
| Return On Invested Capital (ROIC) | 12.019 % | |
| Return On Invested Capital QoQ | 2.648 % | |
| Return On Invested Capital YoY | 14.499 % | |
| Return On Invested Capital IPRWA | high: 19.007 % NTNX: 12.019 % median: 7.551 % mean: 5.862 % low: -10.126 % |
|