NASDAQ$NTNX

Nutanix Inc A · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported 37% YoY ACV Billings Growth and 19% YoY Revenue Growth

Nutanix's second quarter demonstrated solid execution with strong year-over-year top and bottom-line improvement. Record ACV billings were achieved, growing 37% year-over-year, and revenue grew 19% year-over-year. The company saw good execution on its building base of subscription renewals and generated positive free cash flow.

  • ACV billings grew 37% year-over-year.
  • Revenue increased by 19% year-over-year.
  • ARR reached $1.04 billion, a 55% increase year-over-year.
  • Generated positive free cash flow, reflecting progress on the subscription model.

Headline financials

Total Revenue

$413M

Previous: $346M+19.3%
EPS (adj)

-$0.03

Previous: -$0.37+91.9%
Annual Recurring Revenue

$1.04B

Previous: $1.38B-24.6%
Avg Contract Duration

3.1

No prior period
Capital Expenditures

-$17.4M

Previous: -$25.2M+30.9%
Free Cash Flow

$15.3M

Previous: -$44.8M+134.2%
Net Income

-$115M

Previous: -$287M+60.0%
Operating Income

-$94.4M

Previous: -$156M+39.6%
Gross Profit

$333M

Previous: $275M+20.9%
Cash & Equivalents

$401M

Previous: $299M+34.2%
Total Assets

$2.32B

Previous: $2.31B+0.2%
Stock-Based Comp

$88M

No prior period

Revenue & EPS history

Nutanix · Revenue · Quarterly

$413M

Q2 2022+19.3%vs Q2 2021
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Nutanix · $502M total across 2 segments · Q1 2024

  • Subscription Revenue
    $479M+19.0%
  • Professional Services & Other
    $22.8M+2.5%

Forward guidance

Nutanix provided the following outlook for the third quarter of fiscal year 2022: ACV Billings are expected to be $195 - $200 million and Revenue is expected to be $395 - $400 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 Q2 2022

Historical avgQ2 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

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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