Nutanix Sets FY26 Revenue Target of $2.9B-$2.94B Amid Dell and Pure Partnerships Growth

Nutanix reported Q4 2025 revenue of $653 million, a 19% YoY increase. The company outlined a FY26 revenue target of $2.9B-$2.94B. CEO Rajiv Ramaswami highlighted strong free cash flow generation and a solid finish to FY25. The company's partnerships with Dell and Pure are advancing.

Nutanix Inc. (NTNX) reported its fourth-quarter 2025 earnings, exceeding Wall Street expectations and demonstrating robust growth. The company's revenue for the quarter reached $653 million, a 19% year-over-year (YoY) increase, surpassing the anticipated $642.19 million. The earnings per share (EPS) came in at $0.37, beating the forecasted $0.33 by 12.12% [1].

The company's full-year fiscal 2025 revenue totaled $2.54 billion, marking an 18% increase from the previous year. Nutanix added 2,700 new customers, including over 50 Global 2,000 accounts, highlighting its appeal to large enterprises. The company's annual recurring revenue (ARR) rose to $2.223 billion, up 17% from the previous year, and maintained a healthy free cash flow of $750 million, representing a 30% margin [1].

CEO Rajeev Ramaswamy highlighted the company's strong free cash flow generation and a solid finish to FY25. He also emphasized the significant opportunity in replacing VMware customers and the company's early-stage enterprise AI adoption. The company's partnerships with Dell PowerFlex and Pure Storage are advancing, with the latter's flash array support entering early access [1].

Nutanix outlined a revenue guidance of $2.90 to $2.94 billion for fiscal year 2026, representing a 15% growth at the midpoint. The company anticipates a non-GAAP operating margin of 21-22% and free cash flow between $790 million and $830 million [1].

Following the earnings announcement, Nutanix shares rose by 2.2% in after-hours trading, closing at $69.82. The stock shows promising stability with analyst price targets ranging from $78 to $95 and a relatively low beta of 0.71 [1].

References:
[1] https://www.investing.com/news/transcripts/earnings-call-transcript-nutanix-surpasses-q4-2025-earnings-expectations-93CH-4213596