NASDAQ$NTNX
Nutanix Inc A · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Nutanix's Q2 2024 financial results were reported, showing a solid performance with significant ARR growth and free cash flow generation. The company achieved GAAP operating profitability for the first time.
Nutanix reported a strong second quarter in fiscal year 2024, marked by a 26% year-over-year increase in ARR and robust free cash flow. The company achieved GAAP operating profitability for the first time. Nutanix exceeded expectations across all guided metrics.
- ARR grew by 26% year-over-year, reaching $1.74 billion.
- GAAP operating income was $37.0 million, a significant improvement from the $(56.5) million loss in the same quarter last year.
- Free cash flow was $162.6 million, compared to $63.0 million in the second quarter of fiscal year 2023.
- Revenue increased by 16% year-over-year to $565.2 million.
Headline financials
Revenue & EPS history
Nutanix · Revenue · Quarterly
$565M
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 provided the following outlook for the third quarter of fiscal year 2024: ACV Billings between $265 and $275 million; Revenue between $510 and $520 million; Non-GAAP Gross Margin of approximately 85%; Non-GAAP Operating Margin between 7.5% and 8.5%.
Tailwinds
- ACV Billings between $265 and $275 million
- Revenue between $510 and $520 million
- Non-GAAP Gross Margin of approximately 85%
- Non-GAAP Operating Margin between 7.5% and 8.5%
- Weighted Average Shares Outstanding (Diluted) Approximately 301 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 2024
+0.3%
Avg return
Earnings day
+0.5%
Avg return
5 days after
-1.9%
Avg return
30 days after
54%
21 / 39 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 | +4.9% | +19.3% | — | |
| 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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