Q3 2026 Nutanix Inc Earnings Call Transcript
Key Points
- Nutanix Inc (NTNX) reported quarterly revenue of $703 million, exceeding their guidance range.
- Annual Recurring Revenue (ARR) grew 15% year-over-year to $2.43 billion.
- The company added over 700 new customers in Q3, indicating strong market demand.
- Nutanix Inc (NTNX) saw increased uptake of their public cloud deployment option, NC2, with notable customer wins.
- The company raised its full-year revenue guidance, reflecting confidence in continued growth and strong bookings performance.
- Supply chain challenges continue to drive higher prices and longer lead times for server hardware, impacting customer budgets and timelines.
- The Middle East region, a growth driver for Nutanix Inc (NTNX), faces challenges due to geopolitical issues, affecting new business opportunities.
- The company's net dollar-based retention rate (NRR) was 106%, indicating some headwinds in expansion growth rates.
- Despite strong bookings, the conversion of bookings into revenue is delayed due to supply chain constraints.
- The competitive landscape remains challenging, with VMware and other competitors posing significant competition.
Hello, and welcome to Nutanix third quarter 2026 earnings conference call. (Operator Instructions)
I would now like to hand the conference over to Rich Valera, Vice President of Investor Relations. You may begin.
Good afternoon, and welcome to today's conference call to discuss third quarter fiscal year 2026 financial results. Joining me today are Rajiv Ramaswami, Nutanix CEO; and Rukmini Sivaraman, Nutanix CFO. After the market closed today, Nutanix issued a press release announcing third quarter fiscal year 2026 financial results. If you'd like to read the release, please visit the Press Releases section of our IR website.
During today's call, management will make forward-looking statements, including financial guidance. These forward-looking statements involve risks and uncertainties, which are beyond our control, which could cause actual results to differ materially and adversely from those anticipated by these statements.
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