NASDAQ$NTNX
Nutanix Inc A · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Nutanix demonstrated growth and profitability amidst macro uncertainties, completing the Audit Committee investigation.
Nutanix reported strong Q3 FY23 results, outperforming across all guided metrics. The company's cloud platform resonated with customers, driving growth and profitability. The Audit Committee investigation was completed, and the Form 10-Q for Q2 FY23 was filed.
- ACV Billings reached $239.8 million, a 17% year-over-year increase.
- ARR grew to $1.47 billion, representing a 32% year-over-year increase.
- Revenue increased to $448.6 million, up 11% year-over-year.
- Free cash flow was $42.5 million, a significant improvement compared to $(20.1) million in the prior year.
Headline financials
Revenue & EPS history
Nutanix · Revenue · Quarterly
$449M
Revenue by segment
Nutanix · $440M total across 2 segments · Q3 2023
- Subscription Revenue$418M+12.7%95.0%
- Professional Services & Other$22.1M-1.6%5.0%
Forward guidance
Nutanix provided the following outlook for Q4 Fiscal 2023: ACV Billings of $240 - $250 million, Revenue of $470 - $480 million, Non-GAAP Gross Margin of approximately 84%, and Non-GAAP Operating Margin of 9% to 10%. For fiscal year 2023, Nutanix expects ACV Billings of $915 - $925 million, Revenue of $1.84 - $1.85 billion, Non-GAAP Gross Margin of approximately 84%, and Non-GAAP Operating Margin of 6% to 7%.
Tailwinds
- ACV Billings are expected to be between $240 million and $250 million.
- Revenue is projected to be between $470 million and $480 million.
- Non-GAAP Gross Margin is anticipated to be approximately 84%.
- Non-GAAP Operating Margin is expected to be between 9% and 10%.
- Weighted Average Shares Outstanding (Diluted) are estimated to be approximately 282 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 Q3 2023
+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 | — | — | — |
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