NASDAQ$NTNX

Nutanix Inc A · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Nutanix reported strong Q4 results, marked by subscription transition progress and solid ACV billings growth.

Nutanix reported Q4 2020 financial results with revenue up 9% year-over-year to $327.9 million and ACV billings up 13% year-over-year to $139.9 million. The company made significant progress on its subscription transition, with 88% of billings coming from subscriptions, and delivered a record 83% non-GAAP gross margin. Nutanix also announced a $750 million investment in convertible notes from Bain Capital Private Equity.

  • Revenue was $327.9 million, up 9% year-over-year.
  • ACV billings were $139.9 million, up 13% year-over-year.
  • Non-GAAP gross margin reached a record 83.0%.
  • Nutanix announced a $750 million investment from Bain Capital Private Equity.

Headline financials

Total Revenue

$328M

Previous: $300M+9.3%
EPS (adj)

-$0.39

Previous: -$0.57+31.6%
Annual Recurring Revenue

$1.22B

No prior period
Capital Expenditures

$17.4M

No prior period
Free Cash Flow

-$13.8M

No prior period
Net Income

-$185M

No prior period
Operating Income

-$171M

No prior period
Gross Profit

$261M

No prior period
Cash & Equivalents

$319M

No prior period
Total Assets

$1.77B

No prior period
Stock-Based Comp

$92.9M

No prior period

Revenue & EPS history

Nutanix · Revenue · Quarterly

$328M

Q4 2020+9.3%vs Q4 2019
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Revenue by segment

Nutanix · $285M total across 1 segment · Q4 2020

  • Subscription Revenue
    $285M

Forward guidance

Nutanix is shifting its guidance to Annual Contract Value (ACV) billings instead of Total Contract Value (TCV) billings and revenue.

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 Q4 2020

Historical avgQ4 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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