Recent News
Aug. 26 — Nutanix announced general availability of Nutanix Enterprise AI (NAI) 2.8 and forthcoming Nutanix Kubernetes Platform (NKP) 2.19 plus partner programs to accelerate AI deployments; Aug. 18 — a strategic partnership with ChronoScale to extend GPU-as-a-Service and inference-token options for enterprises; July 13 — a company report highlighted risks from shadow AI and data-sovereignty pressures across regulated industries; June 29 — a $250,000 grant and partnership to expand K–12 computer science access.
Technical Analysis
ADX at 41.68 signals a very strong underlying trend; this strength amplifies the impact of directional signals on near-term price action.
DI+ 31.37 decreasing indicates waning bullish directional momentum despite DI+ remaining above DI-; that weakening raises the likelihood of a consolidation phase against the current valuation context.
DI- 13.46 decreasing indicates lower downside directional pressure, which supports limited near-term downside even as bullish momentum softens.
MACD 1.65 with a peak-and-reversal and below the signal line (1.78) indicates bearish momentum has emerged from a prior rally and may weigh on short-term upside attempts.
MRO -4.48 (negative) indicates price sits below the model target, implying upward potential toward fair value; the peak-and-reversal note suggests that potential faces near-term resistance to rapid realization.
RSI 63.81 with a peak-and-reversal signals short-term exhaustion from recent gains; momentum may slow and favor range-bound action unless a fresh catalyst reverses the signal.
Price sits above the 12-day and 20-day averages with the 12-day EMA increasing and the 200-day average well below current price, which supports a bullish structural bias even as short-term momentum indicators warn of cooling.
Fundamental Analysis
Revenue totaled $757,078,000 with revenue growth of 7.68% and year-over-year revenue growth of 243.71% (YoY). QoQ revenue growth declined by 3.81%, indicating near-term top-line deceleration versus the larger YoY pickup.
EBIT $85,715,000 produces an EBIT margin of 11.32%, up 53.60% YoY but down 5.59% QoQ. That margin sits below the industry peer mean of 16.79% and the industry peer median of 24.61%, leaving room for margin catch-up as higher‑margin AI and cloud services scale.
EPS came in at $0.60 versus an estimate of $0.49, a 22.45% surprise that shows near-term operational leverage. Forward EPS sits at $0.6649 and forward P/E equals 76.53; trailing P/E equals 94.81, reflecting market expectations for rapid earnings expansion despite current profitability levels.
Price-to-book at 21.93 exceeds the industry peer mean of 7.84 and median of 7.41 and sits above the industry peer high of 14.42, indicating the market assigns substantial franchise/pricing premium to intangible and growth expectations.
Cash and short-term investments total $2,361,463,000 and cash equals $777,308,000 with operating cash flow $315,013,000 and free cash flow $277,570,000; free cash flow yield equals 1.80% and improved strongly year-over-year. Strong cash buffers and positive free cash flow support execution of platform investments cited in recent announcements.
Leverage metrics show total debt $1,518,734,000 and net debt $571,403,000 with debt/EBITDA ~14.78 and debt/equity 2.16, reflecting elevated leverage relative to typical software peers; interest coverage remains healthy at about 28.57x. The balance sheet provides liquidity but carries leverage that could amplify volatility if growth slows.
Returns show return on assets 29.90% (well above the industry peer mean of 0.88%); return on equity 180.71% but with large negative retained earnings, an outcome of past cumulative losses and capital structure. Operating margin 9.25% rose strongly YoY but fell QoQ.
WMDST values the stock as fair-valued. The valuation reflects a trade-off between above-average cash generation and an elevated market multiple that prices significant future margin expansion and AI revenue capture.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-07-31 |
| REPORT DATE: | 2026-08-26 |
| NEXT REPORT DATE: | 2026-11-25 |
| CASH FLOW | Begin Period Cash Flow | $ 718.8 M |
| Operating Cash Flow | $ 315.0 M | |
| Capital Expenditures | $ -37.44 M | |
| Change In Working Capital | $ 118.7 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 58.5 M | |
| End Period Cash Flow | $ 777.3 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 757.1 M | |
| Forward Revenue | $ 26.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 105.7 M | |
| Depreciation | — | |
| Depreciation and Amortization | $ 17.1 M | |
| Research and Development | $ 205.1 M | |
| Total Operating Expenses | $ 687.1 M | |
| PROFITABILITY | ||
| Gross Profit | $ 651.4 M | |
| EBITDA | $ 102.8 M | |
| EBIT | $ 85.7 M | |
| Operating Income | $ 70.0 M | |
| Interest Income | $ 21.4 M | |
| Interest Expense | $ 3.0 M | |
| Net Interest Income | $ 18.4 M | |
| Income Before Tax | $ 82.7 M | |
| Tax Provision | $ -1.19 B | |
| Tax Rate | 40.0 % | |
| Net Income | $ 1.3 B | |
| Net Income From Continuing Operations | $ 1.3 B | |
| EARNINGS | ||
| EPS Estimate | $ 0.49 | |
| EPS Actual | $ 0.60 | |
| EPS Difference | $ 0.11 | |
| EPS Surprise | 22.449 % | |
| Forward EPS | $ 0.66 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 5.1 B | |
| Intangible Assets | $ 187.1 M | |
| Net Tangible Assets | $ 515.5 M | |
| Total Current Assets | $ 3.0 B | |
| Cash and Short-Term Investments | $ 2.4 B | |
| Cash | $ 777.3 M | |
| Net Receivables | $ 289.3 M | |
| Inventory | — | |
| Long-Term Investments | $ 125.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 96.5 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 1.7 B | |
| Net Debt | $ 571.4 M | |
| Total Debt | $ 1.5 B | |
| Total Liabilities | $ 4.4 B | |
| EQUITY | ||
| Total Equity | $ 702.6 M | |
| Retained Earnings | $ -3.71 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 2.59 | |
| Shares Outstanding | 270.829 M | |
| Revenue Per-Share | $ 2.80 | |
| VALUATION | Market Capitalization | $ 15.4 B |
| Enterprise Value | $ 14.6 B | |
| Enterprise Multiple | 141.71 | |
| Enterprise Multiple QoQ | 30.603 % | |
| Enterprise Multiple YoY | -50.341 % | |
| Enterprise Multiple IPRWA | high: 489.121 NTNX: 141.71 median: 55.53 mean: -24.256 low: -829.968 |
|
| EV/R | 19.237 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 7.222 | |
| Asset To Liability | 1.161 | |
| Debt To Capital | 0.684 | |
| Debt To Assets | 0.299 | |
| Debt To Assets QoQ | -33.066 % | |
| Debt To Assets YoY | -33.722 % | |
| Debt To Assets IPRWA | high: 0.839 median: 0.318 NTNX: 0.299 mean: 0.278 low: 0.004 |
|
| Debt To Equity | 2.162 | |
| Debt To Equity QoQ | -202.594 % | |
| Debt To Equity YoY | -201.25 % | |
| Debt To Equity IPRWA | high: 2.522 NTNX: 2.162 mean: 1.156 median: 1.088 low: -1.496 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 21.929 | |
| Price To Book QoQ | -238.382 % | |
| Price To Book YoY | -178.271 % | |
| Price To Book IPRWA | NTNX: 21.929 high: 14.417 mean: 7.837 median: 7.413 low: -11.599 |
|
| Price To Earnings (P/E) | 94.813 | |
| Price To Earnings QoQ | 3.288 % | |
| Price To Earnings YoY | -51.495 % | |
| Price To Earnings IPRWA | high: 321.088 mean: 138.785 NTNX: 94.813 median: 74.215 low: -48.795 |
|
| PE/G Ratio | 3.428 | |
| Price To Sales (P/S) | 20.35 | |
| Price To Sales QoQ | 24.427 % | |
| Price To Sales YoY | -31.679 % | |
| Price To Sales IPRWA | high: 78.276 mean: 38.57 median: 23.689 NTNX: 20.35 low: 2.257 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 76.532 | |
| Forward PE/G | 2.767 | |
| Forward P/S | 573.937 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 0.217 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.178 | |
| Asset Turnover Ratio QoQ | -15.099 % | |
| Asset Turnover Ratio YoY | -12.935 % | |
| Asset Turnover Ratio IPRWA | high: 0.227 NTNX: 0.178 mean: 0.103 median: 0.072 low: 0.062 |
|
| Receivables Turnover | 2.8 | |
| Receivables Turnover Ratio QoQ | 1.977 % | |
| Receivables Turnover Ratio YoY | 30.325 % | |
| Receivables Turnover Ratio IPRWA | high: 3.24 NTNX: 2.8 median: 1.776 mean: 1.72 low: 0.537 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 32.593 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 85.679 mean: 39.469 median: 38.694 low: 14.687 NTNX: 0 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.563 | |
| CapEx To Revenue | -0.049 | |
| CapEx To Depreciation | 0.0 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.1 B | |
| Net Invested Capital | $ 2.1 B | |
| Invested Capital | $ 2.1 B | |
| Net Tangible Assets | $ 515.5 M | |
| Net Working Capital | $ 1.3 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.402 | |
| Current Ratio | 1.798 | |
| Current Ratio QoQ | 1.226 % | |
| Current Ratio YoY | -1.823 % | |
| Current Ratio IPRWA | high: 3.826 NTNX: 1.798 mean: 1.188 median: 1.171 low: 0.282 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 14.777 | |
| Cost Of Debt | 0.173 % | |
| Interest Coverage Ratio | 28.572 | |
| Interest Coverage Ratio QoQ | 1.531 % | |
| Interest Coverage Ratio YoY | 78.488 % | |
| Interest Coverage Ratio IPRWA | high: 185.96 NTNX: 28.572 median: 4.926 mean: -2.343 low: -238.9 |
|
| Operating Cash Flow Ratio | 0.749 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 89.436 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 48.413 % | |
| Revenue Growth | 7.682 % | |
| Revenue Growth QoQ | -380.98 % | |
| Revenue Growth YoY | 243.714 % | |
| Revenue Growth IPRWA | high: 13.591 % NTNX: 7.682 % mean: 5.735 % median: 5.61 % low: -3.3 % |
|
| Earnings Growth | 27.66 % | |
| Earnings Growth QoQ | -272.111 % | |
| Earnings Growth YoY | -332.339 % | |
| Earnings Growth IPRWA | high: 90.0 % NTNX: 27.66 % mean: 15.003 % median: 10.368 % low: -39.394 % |
|
| MARGINS | ||
| Gross Margin | 86.035 % | |
| Gross Margin QoQ | -0.967 % | |
| Gross Margin YoY | -1.299 % | |
| Gross Margin IPRWA | high: 91.398 % NTNX: 86.035 % mean: 68.714 % median: 67.566 % low: 60.026 % |
|
| EBIT Margin | 11.322 % | |
| EBIT Margin QoQ | -5.587 % | |
| EBIT Margin YoY | 53.602 % | |
| EBIT Margin IPRWA | high: 44.293 % median: 24.609 % mean: 16.79 % NTNX: 11.322 % low: -12.038 % |
|
| Return On Sales (ROS) | 9.245 % | |
| Return On Sales QoQ | -7.817 % | |
| Return On Sales YoY | 93.532 % | |
| Return On Sales IPRWA | high: 35.265 % median: 21.375 % mean: 15.597 % NTNX: 9.245 % low: -17.001 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 277.6 M | |
| Free Cash Flow Yield | 1.802 % | |
| Free Cash Flow Yield QoQ | 5.073 % | |
| Free Cash Flow Yield YoY | 68.727 % | |
| Free Cash Flow Yield IPRWA | high: 4.032 % NTNX: 1.802 % median: 0.198 % mean: -0.03 % low: -1.177 % |
|
| Free Cash Growth | 40.769 % | |
| Free Cash Growth QoQ | 1254.002 % | |
| Free Cash Growth YoY | 1798.882 % | |
| Free Cash Growth IPRWA | high: 59.137 % NTNX: 40.769 % mean: -14.07 % median: -20.055 % low: -103.769 % |
|
| Free Cash To Net Income | 0.219 | |
| Cash Flow Margin | 166.582 % | |
| Cash Flow To Earnings | 0.993 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 29.901 % | |
| Return On Assets QoQ | 1288.806 % | |
| Return On Assets YoY | 2367.079 % | |
| Return On Assets IPRWA | NTNX: 29.901 % high: 3.949 % median: 1.36 % mean: 0.881 % low: -5.177 % |
|
| Return On Capital Employed (ROCE) | 2.529 % | |
| Return On Equity (ROE) | 1.807 | |
| Return On Equity QoQ | -1918.963 % | |
| Return On Equity YoY | -3347.332 % | |
| Return On Equity IPRWA | NTNX: 1.807 high: 0.145 median: 0.077 mean: 0.036 low: -0.134 |
|
| DuPont ROE | -11017.482 % | |
| Return On Invested Capital (ROIC) | 2.507 % | |
| Return On Invested Capital QoQ | -79.141 % | |
| Return On Invested Capital YoY | -60.513 % | |
| Return On Invested Capital IPRWA | high: 7.231 % NTNX: 2.507 % median: 2.149 % mean: 1.747 % low: -2.52 % |
|