NASDAQ$NTNX

Nutanix Inc A · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Nutanix's financial results for Q2 2020 were announced, revealing record TCV billings and revenue amidst a faster-than-expected subscription transition.

Nutanix reported Q2 fiscal year 2020 financial results with revenue of $346.8 million, up from $335.4 million in the second quarter of fiscal 2019. The company saw a GAAP net loss of $217.6 million, compared to a GAAP net loss of $122.8 million in the second quarter of fiscal 2019.

  • Revenue was $346.8 million, an increase from $335.4 million in Q2 2019.
  • Software and Support (TCV) Revenue was $338.2 million, up 14% year-over-year.
  • GAAP net loss was $217.6 million, compared to a GAAP net loss of $122.8 million in Q2 2019.
  • New product attach rate grew to 31%, up from 21% in Q2 2019, with TCV billings from new products increasing by 99% year-over-year.

Headline financials

Total Revenue

$347M

Previous: $335M+3.4%
EPS (adj)

-$0.60

Previous: -$0.23-160.9%
Annual Recurring Revenue

$15.9K

No prior period
Capital Expenditures

-$39.5M

Previous: -$72.4M+45.5%
Free Cash Flow

-$118M

Previous: $15.9M-841.4%
Net Income

-$218M

Previous: -$123M-77.2%
Operating Income

-$207M

Previous: -$116M-78.3%
Gross Profit

$272M

Previous: $249M+8.9%
Cash & Equivalents

$212M

Previous: $466M-54.6%
Total Assets

$1.86B

Previous: $1.82B+2.3%

Revenue & EPS history

Nutanix · Revenue · Quarterly

$347M

Q2 2020+3.4%vs Q2 2019
Beat estimate in 1 of 16 quarters(6%)
ActualEstimate

Revenue by segment

Nutanix · $279M total across 2 segments · Q2 2020

  • Subscription Revenue
    $267M
  • Professional Services & Other
    $12.6M

Forward guidance

Nutanix’s TCV guidance for both the third quarter of fiscal 2020 and the full year of fiscal 2020 is impacted by the much faster than expected transition to subscription coupled with a more cautious view on business activities in the greater APJ region due to the anticipated impact of the coronavirus.

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 Q2 2020

Historical avgQ2 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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