Core Insights - Nutanix reported strong demand for its cloud platform in Q1 FY2026, with bookings slightly exceeding expectations and an 18% year-over-year growth in Annual Recurring Revenue (ARR) [2][3] - The company announced expansions in partnerships with Dell and Microsoft to enhance its cloud platform offerings [2] - Despite a revenue shift from Q1 to future periods, the overall revenue expectation remains unchanged, and free cash flow guidance for the full year has been raised [2] Financial Performance - Q1 FY2026 ARR reached $2.28 billion, up from $1.94 billion in Q1 FY2025, marking an 18% increase [3] - Total revenue for Q1 FY2026 was $670.6 million, a 13% increase from $591.0 million in Q1 FY2025 [3] - GAAP operating income increased to $49.3 million from $27.3 million year-over-year, while non-GAAP operating income rose to $131.8 million from $118.2 million [3] - Free cash flow for Q1 FY2026 was $174.5 million, compared to $151.9 million in the same quarter last year [3] Guidance and Outlook - For Q2 FY2026, Nutanix expects revenue between $705 million and $715 million, with a non-GAAP operating margin of 20.5% to 21.5% [4] - The full-year revenue guidance is projected to be between $2.82 billion and $2.86 billion, with a non-GAAP operating margin of 21% to 22% and free cash flow expected to be between $800 million and $840 million [4] Recent Developments - The company continues to add new logos and maintain a healthy free cash flow performance, indicating strong business fundamentals [2] - Nutanix's average contract duration remains stable at 3.1 years, reflecting consistent customer engagement [3]