Nutanix Reports First Quarter Earnings, Lowers FY26 Revenue Guidance, Shares Plunge (CORRECTED) – Nutanix (NASDAQ:NTNX)

Editor’s note: This story has been corrected to compare adjusted earnings per share to estimates.

Nutanix Inc (NASDAQ:NTNX) Shares tumbled during Tuesday’s after-hours session after the company reported financial results for the first quarter of fiscal 2026.

• Turnover Q1: $670.58 million, vs estimates of $676.75 million
• Adjusted earnings per share Q1: 41 cents, in line with estimates

Nutanix said total revenue rose 13% year over year, but fell short of estimates as some expected bookings shifted from the first quarter to future periods.

“We expect revenue to remain unchanged over time. We expect this momentum to continue and have factored this into our second quarter revenue guidance and revised full year guidance,” said Rukmini SivaramanCFO of Nutanix.

“We are also pleased to increase our full-year free cash flow expectations. Underlying demand and our view of the business fundamentals for Nutanix remain unchanged.”

Nutanix expects full-year free cash flow to be between $800 million and $840 million in fiscal 2026.

The company expected second-quarter revenue of $705 million to $740 million, compared with estimates of $749.09 million, and lowered its full-year revenue outlook. Nutanix now expects fiscal 2026 revenue of $2.82 billion to $2.86 billion, compared to estimates of $2.92 billion, according to Benzinga Pro.

NTNX Price Action: Nutanix shares fell 15.25% after hours to trade at $49.81 at time of publication on Tuesday. Benzinga Pro.

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