Nutanix, Inc. (NTNX) Earnings Call Transcripts
Nutanix, Inc.'s Latest Earnings Call - June 2, 2026
In the fiscal Q4 2026 earnings call, Nutanix, Inc. reported strong underlying demand with total contract value (TCV) bookings growth exceeding 20% year-over-year. However, revenue recognition has been delayed due to supply chain challenges affecting server availability, leading to a cautious outlook for the upcoming fiscal year. Management maintained a positive long-term growth outlook, emphasizing their transition to a multi-cloud platform and the increasing adoption of AI applications, which they believe will drive future revenue growth.
Reported metrics
| Metric | Value |
|---|---|
| Total Contract Value (TCV) Bookings Growth | 20+% (beat) |
| Average Contract Duration | 3.4 years (positive) |
| Customer Net Promoter Score (NPS) | 90 (positive) |
| Number of Customers | 31,000 (positive) |
| Operating Margin Guidance | 22.5% (inline) |
| Revenue Recognition Delay | null (negative) |
Guidance from management
Management indicated that while they expect strong underlying demand, revenue recognition may be delayed due to supply chain issues, impacting the upcoming fiscal year. They remain optimistic about long-term growth driven by AI and customer migrations.
What management said
Well, I'll give us some anecdotal maybe reasons why customers have shared with us. So one is they are looking for certainty in terms of just pricing their own planning. So they know that they have -- if they sign a 5-year deal rather than a 3-year deal, then they know that that's they have certainty for 5 years instead of 3. And just I think given what the competition has done in many cases where they've sort of been...
What analysts pressed on
Analysts expressed concerns regarding the impact of supply chain challenges on revenue timing and customer purchasing behavior. There is also apprehension about the sustainability of current growth rates amidst rising costs and competition.
Main topics on the call
- AI Adoption and Market Positioning — Nutanix is positioning itself as a key player in the AI inferencing market, with Rajiv Ramaswami stating, "we are going to be a beneficiary of that from providing a platform that can run and harness all of these AI infer...
- Customer Migration from VMware — Management highlighted ongoing customer migration from VMware, with Rajiv noting, "we've been adding in that range or more for the last several quarters, and most of these customers are coming from VMware." This trend in...
- Supply Chain Challenges Impacting Revenue — Management acknowledged that supply chain issues are delaying revenue recognition, with Rukmini Sivaraman stating, "it's taking longer to show up in revenue because we can only recognize revenue when customers are deploy...
- Increased Contract Duration — Nutanix has observed an increase in average contract duration, with Rukmini mentioning, "duration was higher. It was 3.4 years on average across land, expand and renewal." This trend may indicate customer preference for ...
Read the full Nutanix, Inc. transcript (June 2, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Nutanix, Inc.
Nutanix, Inc. (NTNX) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 73 calls on record spanning January 14, 2020 to September 8, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 73 Nutanix, Inc. earnings call transcripts on record, spanning January 14, 2020 to September 8, 2026. Based on this history, Nutanix, Inc. reports quarterly. The most recent call on file is dated September 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- NTNX
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 73
- First call
- January 14, 2020
- Most recent
- September 8, 2026
- Reporting cadence
- quarterly