NASDAQ$NTNX
Nutanix Inc A · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Nutanix reported a solid first quarter financial performance with 24% YoY ACV billings growth and strong free cash flow, outperforming across all guided metrics.
Nutanix delivered a strong first quarter, demonstrating the value of its Cloud Platform and subscription model. The company saw 24% year-over-year ACV billings growth and strong free cash flow generation.
- Delivered solid financial performance against an uncertain macro backdrop.
- Achieved 24% year-over-year ACV billings growth.
- Generated strong free cash flow.
- Nutanix Hybrid Multicloud Platform Recognized as a Leader
Headline financials
Revenue & EPS history
Nutanix · Revenue · Quarterly
$511M
Revenue by segment
Nutanix · $502M total across 2 segments · Q1 2024
- Subscription Revenue$479M+19.0%95.5%
- Professional Services & Other$22.8M+2.5%4.5%
Forward guidance
Nutanix anticipates continued growth and profitability in the coming periods.
Tailwinds
- ACV Billings $295 - $305 million
- Revenue $545 - $555 million
- Non-GAAP Gross Margin 85-86%
- Non-GAAP Operating Margin 14% to 16%
- Free Cash Flow $340 - $360 million
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 2024
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro