These Analysts Cut Their Forecasts On Nutanix After Q2 Results - Nutanix (NASDAQ:NTNX)

Core Insights - Nutanix Inc reported better-than-expected second-quarter sales results, with earnings of 56 cents per share, surpassing the analyst consensus estimate of 45 cents per share, and quarterly sales of $722.825 million, exceeding the consensus estimate of $709.947 million [1] - The company signed a multi-year agreement with AMD to develop an open, full-stack AI infrastructure platform for agenic AI applications [1] Financial Performance - Nutanix's quarterly earnings were 56 cents per share, beating the analyst consensus estimate of 45 cents per share [1] - Quarterly sales reached $722.825 million, surpassing the analyst consensus estimate of $709.947 million [1] Market Reaction - Following the earnings announcement, Nutanix shares gained 11.2%, reaching $42.80 in pre-market trading [2] Analyst Ratings - B of A Securities analyst Wamsi Mohan maintained a Buy rating on Nutanix but lowered the price target from $75 to $60 [4] - Needham analyst Mike Cikos also maintained a Buy rating while cutting the price target from $65 to $55 [4] Supply Chain Challenges - CFO Rukmini Sivaraman noted healthy demand reflected in results but mentioned supply chain constraints leading to longer server lead times for customers, which may impact near-term revenue and free cash flow [2]