NASDAQ$NTNX

Nutanix Inc A · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Nutanix delivered strong Q2 2025 performance with 19% ARR growth and robust free cash flow generation.

Nutanix reported Q2 2025 revenue of $654.7 million, a 16% year-over-year increase. The company achieved a net income of $56.4 million and a non-GAAP EPS of $0.56. ARR grew 19% year-over-year to $2.06 billion, while free cash flow improved to $187.1 million. The company's continued momentum reflects strong demand for its hybrid multicloud solutions and strategic partnerships.

  • Q2 2025 revenue increased 16% year-over-year to $654.7 million.
  • Net income rose to $56.4 million, up from $32.8 million in Q2 2024.
  • ARR grew 19% year-over-year to $2.06 billion.
  • Free cash flow improved to $187.1 million, supporting financial flexibility.

Headline financials

Total Revenue

$655M

Previous: $565M+15.8%
EPS (adj)

$0.56

Previous: $0.12+366.7%
Annual Recurring Revenue

$2.03B

Previous: $1.74B+16.7%
Avg Contract Duration

3

Previous: 2.8+7.1%
GAAP Gross Margin

87.0%

No prior period
Non-GAAP Gross Margin

88.3%

No prior period
GAAP Operating Margin

10.0%

No prior period
Non-GAAP Operating Margin

24.6%

No prior period
Capital Expenditures

-$44.4M

Previous: -$36.8M-20.8%
Net Income

$56.4M

Previous: $32.8M+72.1%
Operating Income

$65.4M

Previous: $37M+76.6%
Gross Profit

$569M

Previous: $484M+17.7%

Revenue & EPS history

Nutanix · Revenue · Quarterly

$655M

Q2 2025+15.8%vs Q2 2024
Beat estimate in 12 of 14 quarters(86%)
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 expects continued growth in Q3 2025, with projected revenue between $620 million and $630 million and a non-GAAP operating margin of 17%-18%.

Tailwinds

  • Q3 2025 revenue guidance of $620 million to $630 million.
  • Non-GAAP operating margin projected between 17% and 18%.
  • Full-year FY25 revenue expected between $2.495 billion and $2.515 billion.
  • Free cash flow for FY25 forecasted at $650 million to $700 million.
  • Ongoing investment in AI-driven cloud solutions to expand market leadership.

Headwinds

  • Higher operating expenses expected as investments in R&D and sales continue.
  • Increased competition in the hybrid multicloud market could pressure margins.
  • Potential economic headwinds could impact enterprise IT spending.
  • Continued reliance on strategic partnerships for revenue growth.
  • Macroeconomic volatility may affect future bookings and contract renewals.

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 2025

Historical avgQ2 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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