Q2 2026 Nutanix Inc Earnings Call Transcript
Key Points
- Nutanix Inc (NTNX) reported quarterly revenue of $723 million, exceeding their guidance range.
- The company achieved a year-over-year ARR growth of 16%, reaching $2.36 billion.
- Nutanix Inc (NTNX) added over 1,000 new customers, marking the strongest quarterly new logo additions in eight years.
- The strategic partnership with AMD includes a $150 million investment in Nutanix Inc (NTNX) common stock and up to $100 million for R&D and go-to-market efforts.
- Nutanix Inc (NTNX) maintained a strong non-GAAP operating margin of 26.2%, higher than their guided range.
- Supply chain challenges, particularly CPU shortages, are causing longer lead times for server procurement, impacting revenue and cash flow timing.
- The company anticipates a delay in revenue and free cash flow recognition due to server availability issues.
- Nutanix Inc (NTNX) lowered its full-year revenue guidance to $2.8 to $2.84 billion, reflecting supply chain constraints.
- The impact of higher server prices and longer lead times is mixed, with some projects accelerating and others facing procurement delays.
- The company expects a higher percentage of bookings with future start dates in the second half of the fiscal year, affecting near-term revenue.
Good day and thank you for standing by. Welcome to the Newtonics Q2 2026 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising that your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Rich Valera, Vice President of Investor relations. Please go ahead.
Good afternoon and welcome to today's conference call to discuss second quarter fiscal year 2026 financial results.
Joining me today are Rajiv Ramaswamy, Nanex, the CEO, and Rukmini Sivaraman, Nanex, the CFO.
After the market closed today, Nanix issued a press release announcing second quarter fiscal year 2026 financial results. If you'd like
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