NASDAQ$NTNX
Nutanix Inc A · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Nutanix reported strong first quarter results with year-over-year top and bottom-line improvement.
Nutanix reported a successful first quarter, marked by a 33% year-over-year increase in ACV billings and a 21% year-over-year increase in revenue, the highest growth achieved in over three years. The company is progressing towards free cash flow break-even in the second half of calendar 2022 and a 25% plus ACV billings CAGR through fiscal 2025.
- ACV billings grew 33% year-over-year.
- Revenue increased 21% year-over-year, marking the highest growth in over three years.
- The company formed a strategic partnership with Citrix to power the future of work.
- Nutanix launched AOS 6.0 with new integrated, zero-trust security, disaster recovery and virtual networking innovations.
Headline financials
Revenue & EPS history
Nutanix · Revenue · Quarterly
$379M
Revenue by segment
Nutanix · $362M total across 2 segments · Q1 2022
- Subscription Revenue$338M+21.5%93.3%
- Professional Services & Other$24.1M+74.5%6.7%
Forward guidance
Nutanix provided financial outlook for the second quarter and full fiscal year 2022.
Tailwinds
- Second Quarter Fiscal 2022 ACV Billings $195 - $200 million
- Second Quarter Fiscal 2022 Revenue $400 - $410 million
- Second Quarter Fiscal 2022 Non-GAAP Gross Margin Approximately 82% to 82.5%
- Second Quarter Fiscal 2022 Non-GAAP Operating Expenses $360 - $365 million
- Second Quarter Fiscal 2022 Weighted Average Shares Outstanding Approximately 218 million
Headwinds
- Fiscal Year 2022 ACV Billings $740 - $750 million
- Fiscal Year 2022 Revenue $1.615 - $1.630 billion
- Fiscal Year 2022 Non-GAAP Gross Margin Approximately 82%
- Fiscal Year 2022 Non-GAAP Operating Expenses $1.48 - $1.49 billion
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+0.2%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-1.9%
Avg return
30 days after
53%
20 / 38 earnings
Positive
+29.5%
Q4 2020
Best reaction
-33.7%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | +4.0% | +5.9% | -2.2% | |
| Q1 2026 | -17.8% | -19.7% | -10.1% | |
| Q4 2025 | -5.1% | -3.6% | +10.8% | |
| Q3 2025 | -3.9% | -1.5% | -4.5% | |
| Q2 2025 | +10.4% | +11.1% | +2.4% | |
| Q1 2025 | -8.4% | -10.3% | -12.5% | |
| Q4 2024 | +18.3% | +18.8% | +12.0% | |
| Q3 2024 | -21.5% | -26.1% | -20.8% | |
| Q2 2024 | +8.5% | +12.4% | +6.0% | |
| Q1 2024 | +6.4% | +9.8% | +17.7% | |
| Q4 2023 | +13.3% | +13.1% | +13.2% | |
| Q3 2023 | +16.2% | +15.3% | +7.1% | |
| Q2 2023 | -7.4% | -13.8% | -11.6% | |
| Q1 2023 | +12.5% | +11.3% | -4.0% | |
| Q4 2022 | +23.3% | +20.0% | +15.0% | |
| Q3 2022 | -21.2% | -19.4% | -26.1% | |
| Q2 2022 | -2.1% | -13.3% | +3.9% | |
| Q1 2022 | +6.4% | +4.5% | -1.9% | |
| Q4 2021 | +9.5% | +17.1% | +5.8% | |
| Q3 2021 | +3.0% | +1.7% | +29.0% | |
| Q2 2021 | -6.8% | -3.9% | -15.7% | |
| Q1 2021 | -0.9% | -1.4% | +16.6% | |
| Q4 2020 | +29.5% | +30.1% | +0.6% | |
| Q3 2020 | -6.5% | -1.6% | -7.2% | |
| Q2 2020 | -32.9% | -30.6% | -51.2% | |
| Q1 2020 | +14.2% | +27.5% | +10.1% | |
| Q4 2019 | +25.6% | +26.7% | +37.1% | |
| Q3 2019 | -16.7% | -16.8% | -23.0% | |
| Q2 2019 | -33.7% | -33.4% | -25.7% | |
| Q1 2019 | +3.3% | +7.2% | -4.3% | |
| Q4 2018 | -7.9% | -7.8% | -30.1% | |
| Q3 2018 | -6.7% | -7.7% | -3.4% | |
| Q2 2018 | +6.6% | +21.1% | +34.7% | |
| Q1 2018 | +10.9% | +4.9% | +8.5% | |
| Q4 2017 | +0.5% | -2.7% | +2.2% | |
| Q3 2017 | +12.3% | +4.0% | +10.7% | |
| Q2 2017 | -25.2% | -30.4% | -38.9% | |
| Q1 2017 | -4.0% | -16.7% | -21.5% | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — |
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