Overview
- Nutanix posted Q1 revenue of $670.58 million versus $676.75 million expected, with adjusted EPS of $0.41 in line.
- The company cut FY26 revenue guidance to $2.82 billion–$2.86 billion and projected Q2 revenue of $705 million–$740 million, both below Street estimates.
- CFO Rukmini Sivaraman said anticipated bookings shifted out of Q1 and that revenue should materialize over time.
- Full-year free cash flow guidance was raised to $800 million–$840 million, with management saying business fundamentals remain unchanged.
- Shares fell about 15% after hours, and Needham, BofA, KeyBanc and Piper Sandler lowered price targets while keeping positive ratings.