Nutanix Raises Guidance After Better‑Than‑Expected Q3 and Expands AI and Storage Partnerships

Overview

• Nutanix reported Q3 fiscal 2026 results that beat guidance, posting ARR of $2.43 billion, revenue of $703.1 million, and free cash flow of $197.2 million.
• The company raised its full‑year revenue outlook to $2.82–$2.84 billion and projected non‑GAAP operating margin near 22.5% with free cash flow of $760–$780 million.
• Executives said bookings momentum strengthened in the quarter, with management citing roughly 20% year‑over‑year bookings growth and more than 700 net new customers, many wins coming from VMware conversions.
• Nutanix announced product and partner moves to broaden its market: Nutanix Agentic AI for enterprise AI workloads, NKP Metal for bare‑metal Kubernetes, a certified MongoDB integration, and a strategic NetApp external‑storage integration.
• The board authorized an additional $750 million for share repurchases, and management warned that ongoing server and hardware supply constraints are delaying some customer deployments and the timing of revenue recognition.