olivLaw · US equity research
Nutanix, Inc. NTNX
Services-Prepackaged Software · SIC 7372 · Vertical: Services-Prepackaged Software (SIC 7372)
Nutanix (NTNX) is a hybrid cloud and AI platform company with total revenue of 2853.5 mn USD in fiscal 2026, up 12 %, and ARR of 2548.8 mn USD. The company reported 16 % ARR growth for fiscal 2026, and its fiscal 2027 outlook points to revenue between 3180 and 3230 mn USD.
At the close of 04 Nov 2026, Nutanix, Inc. (NTNX) stock was 63.70 USD (−1.52% on the day), with market capitalisation 17.2 bn USD, P/E 12.3 on diluted EPS of 5.17 USD over the last 12 months, beta 1.16, 52-week range 34.41–74.63 USD. Latest reported quarter (Q4 2026): revenue of 757.1 m USD (+15.9% YoY), net income of 1.3 bn USD (+3,184.9% YoY), diluted EPS 4,336.92 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 33.2
- weak (30–45)
- Bollinger (20, 2)
- 63.42 – 76.21
- in the lower half of the band · %B 0.02 · band width 18.3%
- SMA 50 / 200
- 69.35 / 52.72
- mixed trend
- MACD (12, 26, 9)
- -1.01 / -0.08
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −13.2% | −1.1% | −12.1 pp | — |
| 3 months | +4.5% | −0.5% | +4.9 pp | — |
| 6 months | +47.7% | +4.4% | +43.3 pp | — |
| Year to date | +23.2% | +12.3% | +10.9 pp | — |
| 1 year | −9.1% | +13.5% | −22.6 pp | −0.7% |
| 3 years | +69.9% | +76.4% | −6.5 pp | +24.7% |
| 5 years | +78.7% | +63.7% | +15.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 31 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 591.0 m | 654.7 m | 639.0 m | 653.3 m | 670.6 m | 722.8 m | 703.1 m | 757.1 m |
| Cost of revenue | 82.7 m | 85.3 m | 83.0 m | 83.8 m | 87.5 m | 91.3 m | 92.3 m | 105.7 m |
| Gross profit | 508.3 m | 569.4 m | 556.0 m | 569.4 m | 583.1 m | 631.6 m | 610.8 m | 651.4 m |
| Research & development | 174.0 m | 182.8 m | 186.4 m | 193.7 m | 187.5 m | 202.3 m | 196.1 m | 205.1 m |
| Operating income | 27.3 m | 65.4 m | 48.6 m | 31.2 m | 49.3 m | 84.1 m | 70.5 m | 70.0 m |
| Depreciation & amortisation | 18.2 m | 18.2 m ≈ | 18.0 m ≈ | 18.3 m | 18.4 m | 18.0 m ≈ | 17.2 m ≈ | 17.1 m |
| Pre-tax income | 36.8 m | 65.1 m | 64.6 m | 45.1 m | 65.6 m | 97.5 m | 81.3 m | 82.7 m |
| Income tax | 6.9 m | 8.7 m | 1.2 m | 6.5 m | 3.5 m | -5.5 m | 9.2 m | -1.2 bn |
| Net income | 29.9 m | 56.4 m | 63.4 m | 38.7 m | 62.1 m | 103.0 m | 72.1 m | 1.3 bn |
| Diluted EPS | 0.10 | 0.19 | 0.22 | 129.93 ≈ | 0.21 | 0.36 | 0.25 | 4,336.92 ≈ |
| Operating cash flow | 161.8 m | 221.7 m ≈ | 218.5 m ≈ | 219.5 m | 196.8 m | 197.3 m ≈ | 207.5 m ≈ | 315.0 m |
| Capex | 9.8 m | 34.6 m ≈ | 15.1 m ≈ | 11.8 m | 22.3 m | 5.9 m ≈ | 10.3 m ≈ | 37.4 m |
| Share repurchases | 20.1 m | 200.0 m ≈ | 37.8 m ≈ | 50.0 m | 50.2 m | 332.9 m ≈ | 50.1 m ≈ | 50.3 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 5-quarter history (min 0.0, median 0.3, max 0.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2 bn | 1.3 bn | 1.4 bn | 1.6 bn | 1.9 bn | 2.1 bn | 2.5 bn | 2.9 bn |
| Revenue YoY | +7.0% | +5.8% | +6.6% | +13.4% | +17.8% | +15.3% | +18.1% | +12.4% |
| Net income | -621.2 m | -872.9 m | -1.0 bn | -798.9 m | 1.5 bn | -124.8 m | 188.4 m | 1.5 bn |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | −108.3% | unavailable | +700.0% |
| Diluted EPS | unavailable | -4.48 | -5.02 | -3.62 | -1.09 | -0.51 | 0.65 | 5.17 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | +695.4% |
| net % | -50.3% | -66.8% | -74.3% | -50.5% | 80.9% | -5.8% | 7.4% | 52.8% |
| Free cash flow | -76.3 m | -249.4 m | -158.5 m | 18.5 m | 207.0 m | 597.7 m | 750.2 m | 840.7 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 31 Jul 2026
- Cash
- 777.3 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 702.6 m USD
- Total assets
- 5.1 bn USD
- Debt / equity
- unavailable
- Current ratio
- 1.80x
- ROE
- unavailable
- ROA
- 36.1%
- FCF margin
- 29.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.4 bn | 1.6 bn | 1.9 bn | 2.1 bn | 2.5 bn | 2.9 bn | SEC (XBRL)· 18 Sept 2026verified |
| Cost of revenue | 291.9 m | 321.2 m | 332.2 m | 324.1 m | 334.8 m | 376.7 m | SEC (XBRL)· 18 Sept 2026verified |
| Gross profit | 1.1 bn | 1.3 bn | 1.5 bn | 1.8 bn | 2.2 bn | 2.5 bn | SEC (XBRL)· 18 Sept 2026verified |
| Research & development | 558.0 m | 573.0 m | 581.0 m | 639.0 m | 736.8 m | 790.9 m | SEC (XBRL)· 18 Sept 2026verified |
| Operating income | -662.1 m | -458.9 m | -207.2 m | 7.6 m | 172.5 m | 274.0 m | SEC (XBRL)· 18 Sept 2026verified |
| Depreciation & amortisation | 94.4 m | 88.0 m | 76.4 m | 73.2 m | 72.7 m | 70.6 m | SEC (XBRL)· 18 Sept 2026verified |
| EBITDA | -567.7 m ≈ | -370.9 m ≈ | -130.8 m ≈ | 80.8 m ≈ | 245.2 m ≈ | 344.6 m ≈ | SEC (XBRL)· 18 Sept 2026derived |
| Pre-tax income | -1.0 bn | -779.7 m | -233.6 m | -101.3 m | 211.6 m | 327.1 m | SEC (XBRL)· 18 Sept 2026verified |
| Income tax | 18.5 m | 19.3 m | 21.0 m | 23.5 m | 23.3 m | -1.2 bn | SEC (XBRL)· 18 Sept 2026verified |
| Net income | -1.0 bn | -798.9 m | 1.5 bn | -124.8 m | 188.4 m | 1.5 bn | SEC (XBRL)· 18 Sept 2026verified |
| Diluted EPS | -5.02 | -3.62 | -1.09 | -0.51 | 0.65 | 5.17 | SEC (XBRL)· 18 Sept 2026verified |
| Weighted average diluted shares | 206.5 k | 220.5 k | 233.2 k | 244.7 k | 294.1 k | 292.2 k | SEC (XBRL)· 18 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 285.7 m | 402.9 m | 512.9 m | 655.3 m | 769.5 m | 777.3 m | SEC (XBRL)· 18 Sept 2026verified |
| Receivables | 180.8 m | 124.6 m | 157.3 m | 229.8 m | 338.0 m | 289.3 m | SEC (XBRL)· 18 Sept 2026verified |
| Current assets | 1.6 bn | 1.7 bn | 1.9 bn | 1.5 bn | 2.6 bn | 3.0 bn | SEC (XBRL)· 18 Sept 2026verified |
| Property, plant & equipment, net | 131.6 m | 113.4 m | 111.9 m | 136.2 m | 142.8 m | 134.9 m | SEC (XBRL)· 18 Sept 2026verified |
| Goodwill | 185.3 m | 185.3 m | 184.9 m | 185.2 m | 185.2 m | 185.2 m | SEC (XBRL)· 18 Sept 2026verified |
| Intangibles (excl. goodwill) | 32.0 m | 15.8 m | 4.9 m | 5.2 m | 2.6 m | 1.8 m | SEC (XBRL)· 18 Sept 2026verified |
| Total assets | 2.3 bn | 2.4 bn | 2.5 bn | 2.1 bn | 3.3 bn | 5.1 bn | SEC (XBRL)· 18 Sept 2026verified |
| Accounts payable | 47.1 m | 44.9 m | 29.9 m | 45.1 m | 81.6 m | 96.5 m | SEC (XBRL)· 18 Sept 2026verified |
| Current liabilities | 927.9 m | 1.2 bn | 1.1 bn | 1.2 bn | 1.4 bn | 1.7 bn | SEC (XBRL)· 18 Sept 2026verified |
| Total liabilities | 3.3 bn | 3.2 bn | 3.2 bn | 2.9 bn | 4.0 bn | 4.4 bn | SEC (XBRL)· 18 Sept 2026verified |
| Equity | -1.0 bn † | -800.5 m † | -707.4 m † | -728.1 m † | -694.5 m † | 702.6 m † | SEC (XBRL)· 18 Sept 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -99.8 m | 67.5 m | 272.4 m | 672.9 m | 821.5 m | 916.7 m | SEC (XBRL)· 18 Sept 2026verified |
| Capex | 58.6 m | 49.1 m | 65.4 m | 75.3 m | 71.3 m | 76.0 m | SEC (XBRL)· 18 Sept 2026verified |
| Free cash flow | -158.5 m ≈ | 18.5 m ≈ | 207.0 m ≈ | 597.7 m ≈ | 750.2 m ≈ | 840.7 m ≈ | SEC (XBRL)· 18 Sept 2026derived |
| Investing cash flow | -597.2 m | -54.2 m | -49.8 m | 529.6 m | -951.7 m | -435.9 m | SEC (XBRL)· 18 Sept 2026verified |
| Financing cash flow | 663.8 m | 103.6 m | -112.7 m | -1.1 bn | 244.1 m | -473.0 m | SEC (XBRL)· 18 Sept 2026verified |
| Share repurchases | 125.1 m | 58.6 m | 0 | 131.1 m | 307.9 m | 483.5 m | SEC (XBRL)· 18 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 17.2 bn USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 86.8% | 100 (on a fixed band) | 14% |
| EBIT margin · Quality | 9.6% | 39 (vs peers) | 11% |
| FCF margin · Quality | 29.5% | 100 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 15.3% | 61 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 12.4% | 28 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.8x | 59 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 4.9% | 98 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 2.8% | 80 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial59/100 · 1/2 factors with a value
- Growth50/100 · 2/2 factors with a value
- Quality81/100 · 3/3 factors with a value
- Returns80/100 · 1/1 factors with a value
- Valuation· partial98/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
NUTANIX, INC. (NTNX). Latest full fiscal year: 2026; data up to 2026-07-31.
Figures computed from the financial statements: revenue 2.9 bn USD in 2026; YoY growth 12.4%; net margin 52.8%; ROE 37,460.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Gross margin: 86.8%
- FCF margin: 29.5%
- FCF yield: 4.9%
- Shareholder yield (distributions): 2.8%
What contradicts it
- Revenue growth (YoY): 12.4%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Services-Prepackaged Software (SIC 7372) · same industry (4-digit SIC) · compared with 18 companies
Only companies with a capitalisation between 2.4 bn and 150.5 bn (within 8× of the company's); 203 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SNOWSnowflake Inc. | 102.5 bn | — | -48.2% | -20.1% | +29.2% | +16% / +55% |
| ADBEAdobe Inc. | 96.7 bn | 13.9 | 61.9% | 28.0% | +10.5% | −22% / −59% |
| INTUIntuit Inc. | 95.3 bn | 21.7 | 23.6% | 21.3% | +13.9% | −44% / −38% |
| CDNSCadence Design Systems, Inc. | 90.4 bn | 65.5 | 22.9% | 22.5% | +14.1% | +6% / +21% |
| SNPSSynopsys Inc | 88.7 bn | 81.8 | 3.7% | 11.4% | +15.1% | +11% / −15% |
| ADSKAutodesk, Inc. | 56.4 bn | 35.0 | 53.9% | 21.1% | +17.5% | −11% / +24% |
| VEEVVeeva Systems Inc. | 50.3 bn | 50.8 | 14.4% | 29.3% | +16.3% | +29% / +78% |
| TTWOTake-Two Interactive Software, Inc. | 39.1 bn | — | -9.0% | -4.8% | +18.2% | −15% / +32% |
| RBLXRoblox Corporation | 35.3 bn | — | -478.2% | -16.5% | +35.8% | −48% / +25% |
| TWLOTwilio Inc. | 33.0 bn | 26.8 | 14.9% | 21.8% | +13.7% | +65% / +230% |
| MDBMongodb, Inc. | 26.5 bn | 449.1 | 2.0% | 2.1% | +22.8% | −1% / −21% |
| PTCPTC Inc. | 21.2 bn | 19.0 | 35.1% | 41.4% | +19.2% | +11% / +24% |
| UUnity Software Inc. | 18.7 bn | — | -18.9% | -29.0% | +2.0% | −0% / +44% |
| SSNCSs&C Technologies Holdings, Inc. | 18.7 bn | 22.9 | 12.7% | 13.2% | +6.6% | −7% / +41% |
| NTNXNutanix, Inc. | 17.2 bn | 12.3 | 37,460.2% | 52.8% | +12.4% | −9% / +70% |
| TYLTyler Technologies, Inc. | 16.8 bn | 53.3 | 10.5% | 13.5% | +9.1% | −10% / +4% |
| DOCUDocusign, Inc. | 15.0 bn | 49.1 | 17.8% | 9.8% | +8.2% | +16% / +87% |
| GWREGuidewire Software, Inc. | 14.0 bn | 104.7 | 10.5% | 9.4% | +22.7% | −21% / +71% |
| DTDynatrace, Inc. | 13.4 bn | 87.0 | 6.4% | 7.4% | +18.8% | +5% / −13% |
1- and 3-year price returns: for NTNX from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 44.84 Total return -30% · Per year -30% | 78.91 Total return 24% · Per year 24% | 118.37 Total return 86% · Per year 86% |
| 3 years | 53.19 Total return -17% · Per year -6% | 104.36 Total return 64% · Per year 18% | 170.45 Total return 168% · Per year 39% |
| 5 years | 63.09 Total return -1% · Per year -0% | 138.01 Total return 117% · Per year 17% | 245.44 Total return 285% · Per year 31% |
- Exit P/E± 26.09
- Net margin± 18.26
- Annual revenue growth± 13.62
- Annual dilution± 1.53
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Nutanix (NTNX) is a hybrid cloud and AI platform company with total revenue of 2853.5 mn USD in fiscal 2026, up 12 % 1, and ARR of 2548.8 mn USD 1. The company reported 16 % ARR growth for fiscal 2026 2, and its fiscal 2027 outlook points to revenue between 3180 and 3230 mn USD 2.
SWOT
Strengths
- The company has a broad customer base and steady ARR growth supported by its subscription model 12.
- The unified platform that runs across several environments gives customers flexibility and helps them avoid dependence on a single vendor 1.
- Free cash flow is strong, providing resources for investment in new products 12.
Weaknesses
- The company relies on a few large distributors for a significant part of revenue, although that share has declined over time 1.
- The operating margin remains lower than at some larger competitors, and profitability depends on expense discipline 12.
- The company competes in adjacent markets where some rivals have more experience and resources 1.
Opportunities
Risks
- Reduced IT spendinghigh
Macroeconomic and geopolitical conditions may lead customers to postpone purchases, which could hurt revenue and profitability 1.
- Intense competitionhigh
Rivals with greater resources and strong customer relationships could offer discounts that pressure the company's margins 1.
- Dependence on partnersmedium
Channel distribution and OEM partnerships are essential for sales, and changes in those relationships could affect access to customers 1.
- Cybersecuritymedium
Cyberattacks or product vulnerabilities could affect customers and the company's reputation 1.
- Convertible noteslow
Obligations linked to convertible notes and the credit facility could create financial pressure or dilution if converted 1.
Investment thesis
What would need to be true (bull case)
- If ARR growth and free cash flow are sustained, the company could more easily fund investments in AI and the hybrid platform 12.
- The fiscal 2027 outlook points to revenue growth, which could suggest demand remains solid if the estimates hold 2.
- Adoption of a unified platform running across several environments could strengthen the company's position with large customers 1.
What would break the thesis
- If IT budgets stay under pressure, growth could slow and the outlook could be revised downward 1.
- Competition from larger vendors, including public cloud providers, could limit the company's ability to maintain its margins 1.
- If migration to public cloud accelerates, Nutanix products could lose relevance in certain customer segments 1.
What to watch
- First-quarter results against the revenue and operating margin outlookQ1 2027
- Trends in ARR and the number of end customersnext quarterly report
- Delivery against the fiscal 2027 outlook for revenue and free cash flow2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Nutanix develops a unified software infrastructure platform that runs applications, data and AI workloads in core data centers, at the edge and in public clouds 1. The platform started from hyperconverged infrastructure (HCI) and has evolved toward a consistent cloud operating model, with the AHV hypervisor and support for qualified external storage 1. The business model is subscription-based, sold through channel and OEM partners, and the company had over 32000 end customers as of July 31, 2026 1.
The growth plan also mentions investments in agentic AI, Kubernetes and database services, along with strategic partnerships or selective acquisitions where they accelerate product development 1. Fiscal 2026 results included a non-GAAP operating margin of 23.7 % and free cash flow of 840.7 mn USD 1.
Segments
Market context
The company competes in enterprise cloud infrastructure, platform services and AI markets, which the source describes as intensely competitive and rapidly changing 1. Customer IT budgets are affected by macroeconomic conditions, tariffs and spending priorities, which can influence demand 1.
Rising spending on AI, machine learning and agentic AI is cited as a trend drawing new IT budgets 1. If those budgets move toward public cloud solutions that interoperate less with the Nutanix platform, demand for the company's products could be affected 1.
Trends
- Macroeconomic uncertaintyheadwind
Geopolitical conditions, tariffs and inflation could lead customers to delay purchases, extend sales cycles or seek lower prices 1.
- Changes in the VMware ecosystemmixed
Broadcom's acquisition of VMware creates opportunities but also competitive pressure, since larger rivals could offer aggressive discounts 1.
- Shift toward public cloudheadwind
If customers move faster to public cloud solutions, Nutanix products could become less attractive, and the source presents this as a risk 1.
Competitive position
Competitors include vendors selling software and hardware for private and integrated clouds, public cloud services and managed service providers 1. Many have greater financial resources, wider distribution networks and established customer relationships 1.
Some competitors are also partners, resellers or OEMs of Nutanix, which makes the competitive relationship more complex 1. The source also notes the risk that some vendors could offer aggressive discounts or bundled offerings 1.
- Broadcom (VMware)AVGO
Owner of the VMware platform; its acquisition of VMware changed the virtualization market and may lead customers to consider alternatives 1.
- Dell TechnologiesDELL
OEM partner that sells servers with Nutanix software, while also offering competing storage and infrastructure solutions 1.
- Hewlett Packard EnterpriseHPE
OEM partner that delivers Nutanix software on DX servers, while also competing in enterprise hybrid infrastructure 1.
- Cisco SystemsCSCO
OEM partner through Cisco Compute Hyperconverged, and also a competitor in integrated infrastructure and AI bundles 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Nutanix (NTNX) Grew ARR 16% but Its Fiscal 2027 Free Cash Flow Guidance is More Measured. Is Operating Leverage Normalizing?Yahoo Finance — News · 29 Aug 2026 · EN
The latest news item in our archive is from 29 Aug 2026; the newest SEC filing is from 20 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Proxy statement20 Oct 2026
- Current report07 Oct 2026Departure or appointment of officers
- Current report24 Sept 2026Departure or appointment of officers
- Annual report18 Sept 2026
- Current report26 Aug 2026Results of operations · Financial statements and exhibits
- Current report04 Aug 2026Exit or disposal costs
- Quarterly report29 May 2026
- Current report27 May 2026Results of operations · Financial statements and exhibits
- Current report05 May 2026Item 3.02
- Current report07 Apr 2026Regulation FD disclosure · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-07-31 · SEC / Nutanix, Inc. · 18 Sept 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Nutanix, Inc. · 26 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.