Recent News
On June 30, 2026 Nutanix announced a $250,000 corporate grant to establish an endowed professorship supporting K–12 teacher training and open-source STEAM curriculum. On June 16, 2026 the company published sector research highlighting AI adoption and infrastructure gaps in financial services. Additional product and data releases through July emphasized Nutanix’s focus on AI-era platform capabilities and data-governance risks in shadow AI deployments.
Technical Analysis
ADX at 38.38 indicates a strong underlying trend; strength favors continuation of recent directional moves rather than a range-bound state.
DI+ measures 36.05 and trends higher while DI- sits at 12.89 and trends lower, a configuration that signals bullish directional conviction and supports the near-term upside implied by the trend strength.
MACD stands at 2.74, rising and sitting above its signal line at 2.28; the MACD cross above the signal line confirms bullish momentum and increases the probability of follow-through on recent gains.
MRO reads 1.94 and moves higher; because MRO sits positive, price currently sits above the modeled target and faces modest mean-reversion pressure, but the small magnitude suggests limited reversion risk relative to stronger MRO readings.
RSI at 67.15 with a dip-and-reversal pattern indicates the market recently pulled back then resumed upward momentum; the indicator approaches overbought levels but still leaves room for further upside before extreme readings.
Price trades at $64.32, above the 12-day and 26-day EMAs and above the 20-, 50- and 200-day averages ($59.75, $54.08, $49.02 respectively); the 12-day EMA trend increases and the close sits slightly above the Bollinger upper 1× band ($63.43), supporting near-term continuation while suggesting sensitivity to short-term profit-taking. SuperTrend lower support registers at $59.22, which aligns with the 20-day average and represents a near-term technical support reference.
Fundamental Analysis
Revenue totaled $703,066,000. Year-over-year revenue growth equals 13.73%, while the reported quarter-over-quarter figure shows a sharp negative change of -135.09% (QoQ). Total gross profit reached $610,787,000 and gross margin remains high at 86.875%.
Reported EPS came in at $0.47 versus an estimate of $0.35, producing an EPS surprise of 34.29%, and forward EPS sits at $0.55. Net income from continuing operations totaled $72,087,000. WMDST valuation labels the stock as under-valued; the earnings beat combined with positive operating cash flow supports that assessment.
EBIT reached $84,310,000 and EBITDA $101,469,000. The EBIT margin equals 11.99% and improved 13.44% YoY, but it remains below the industry peer mean of 39.799% and well below the industry peer median of 49.869% within the industry peer range. Operating margin stands at 10.03% and contracted QoQ by 13.84%.
Balance-sheet and cash metrics show strength: cash and short-term investments total $2,017,903,000 and operating cash flow reached $207,504,000 with free cash flow of $197,181,000, producing a free cash flow yield of 1.72%, which sits above the industry peer mean. The cash ratio equals 1.37 and net debt totals $628,672,000; interest coverage remains robust at 28.14x.
Valuation multiples show mixed signals. Trailing PE equals 91.8x while forward PE equals 75.8x; the trailing PE sits below the industry peer mean of 107.32x but above the industry peer median of 81.65x. Price-to-sales reads 16.36x. Book value per share registers negative at -$2.72 and the P/B multiple appears negative at -15.85x. These valuation features reflect capital structure and reported negative equity metrics and warrant attention when considering re-rating scenarios.
Operational efficiency metrics provide nuance: asset turnover equals 0.210, receivables turnover improved YoY, and the cash conversion cycle sits at -57.0 days—consistent with favorable working-capital dynamics for a software-platform business.
Brief valuation note: WMDST values the stock as under-valued. The combination of positive free cash flow generation, an earnings beat, and product momentum supports the view that the market may re-rate valuation multiples over time, albeit subject to margin improvement and balance-sheet normalization.
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: 477.541 NTNX: 108.504 mean: 78.359 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: 1.037 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: 3.078 mean: 0.252 median: 0.128 low: -1.908 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: 19.185 mean: 7.616 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: 359.099 mean: 107.322 NTNX: 91.794 median: 81.648 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: 81.172 mean: 34.063 median: 32.739 NTNX: 16.355 low: 0.213 |
|
| 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 mean: 0.128 median: 0.124 low: 0.002 |
|
| Receivables Turnover | 2.745 | |
| Receivables Turnover Ratio QoQ | 13.286 % | |
| Receivables Turnover Ratio YoY | 28.362 % | |
| Receivables Turnover Ratio IPRWA | high: 5.131 NTNX: 2.745 mean: 1.416 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: -22.918 NTNX: -56.99 median: -60.051 low: -179.144 |
|
| 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: 7.228 NTNX: 1.777 mean: 1.733 median: 1.23 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: 86.943 median: 53.499 mean: 37.42 NTNX: 28.141 low: -64.202 |
|
| 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: 18.552 % median: 8.591 % mean: 8.164 % 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: 11.683 % 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: 71.187 % median: 67.197 % low: 35.718 % |
|
| EBIT Margin | 11.992 % | |
| EBIT Margin QoQ | -13.751 % | |
| EBIT Margin YoY | 13.442 % | |
| EBIT Margin IPRWA | high: 80.922 % median: 49.869 % mean: 39.799 % NTNX: 11.992 % low: -32.768 % |
|
| Return On Sales (ROS) | 10.029 % | |
| Return On Sales QoQ | -13.84 % | |
| Return On Sales YoY | -5.127 % | |
| Return On Sales IPRWA | high: 77.678 % median: 45.111 % mean: 36.08 % NTNX: 10.029 % low: -32.768 % |
|
| 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: 0.747 % median: 0.666 % low: -3.884 % |
|
| Free Cash Growth | 3.011 % | |
| Free Cash Growth QoQ | -68.93 % | |
| Free Cash Growth YoY | -65.545 % | |
| Free Cash Growth IPRWA | high: 215.912 % median: 24.274 % mean: 9.804 % NTNX: 3.011 % low: -222.15 % |
|
| 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: 9.707 % median: 4.924 % mean: 3.95 % NTNX: 2.153 % low: -9.216 % |
|
| 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: 0.188 median: 0.081 mean: 0.069 NTNX: -0.099 low: -0.266 |
|
| 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: 19.61 % NTNX: 12.019 % median: 7.551 % mean: 6.124 % low: -13.889 % |
|