Nutanix outperformed its guidance across all primary metrics for the fourth quarter of fiscal 2026, driven by a 16% year-over-year increase in Annual Recurring Revenue (ARR). The company demonstrated significant operating leverage as non-GAAP operating margins expanded by 790 basis points year-over-year, supported by a growing partnership ecosystem including AMD, NVIDIA, and Dell.

Key Highlights

  • Annual Recurring Revenue reached $2.55 billion at fiscal year-end, up 16% year-over-year, falling just short of the $2.56 billion consensus expectation.
  • Fourth quarter revenue of $757.1 million beat the $737.78 million estimate, while non-GAAP diluted EPS of $0.60 significantly exceeded the $0.49 forecast.
  • Fiscal 2027 revenue guidance is projected between $3.18 billion and $3.23 billion, alongside a free cash flow target of $850 million to $950 million.