Nutanix (NTNX) Nosedives 17.7% on Bleak Outlook

Core Insights - Nutanix Inc. (NASDAQ:NTNX) experienced a significant decline of 17.75% in stock price, closing at $48.34, due to a cautious outlook following a revenue shift in Q1 FY2026 [1][3]. Financial Performance - For the first quarter of the fiscal year ending October 31, 2025, Nutanix reported a revenue increase of 13% to $670.6 million, up from $591 million year-on-year [2]. - Annual recurring revenues rose by 18% to $2.28 billion, compared to $1.94 billion in the previous year [2]. Future Guidance - The company anticipates Q2 revenues to be between $705 million and $715 million, with a non-GAAP operating margin targeted at 20.5% to 21.5% [4]. - For the full fiscal year, Nutanix aims for total revenues between $2.82 billion and $2.86 billion [4]. Management Commentary - The CFO of Nutanix indicated that while bookings were slightly higher than expected, there was a revenue shift from Q1 to future periods, which has been factored into the updated revenue guidance for Q2 and the full year [3].