NASDAQ$NTNX

Nutanix Inc A · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Nutanix reported strong Q4 2024 financial results, demonstrating outperformance across all guided metrics.

Nutanix reported a solid finish to fiscal year 2024 with strong top-line growth and sharp year-over-year improvement in profitability. The company saw 22% year-over-year ARR growth and strong free cash flow generation.

  • Q4 revenue was $548.0 million, up 11% year-over-year.
  • ARR reached $1.91 billion, a 22% increase year-over-year.
  • Free cash flow was $224.3 million for the quarter.
  • The company signed new or enhanced agreements with Cisco, NVIDIA, and Dell.

Headline financials

Total Revenue

$548M

Previous: $494M+10.9%
EPS (adj)

$0.27

Previous: $0.24+12.5%
Annual Recurring Revenue

$1.91B

Previous: $1.56B+22.2%
Avg Contract Duration

3.1

Previous: 3+3.3%
GAAP Gross Margin

85.2%

No prior period
Non-GAAP Gross Margin

86.9%

No prior period
GAAP Operating Margin

-2.2%

No prior period
Non-GAAP Operating Margin

12.9%

No prior period
Capital Expenditures

-$20.4M

Previous: $12.8M-259.7%
Net Income

-$126M

Previous: -$13.3M-849.1%
Operating Income

-$12.2M

Previous: -$11.3M-7.4%
Gross Profit

$467M

Previous: $414M+12.9%
R&D Expense

$167M

No prior period
Stock-Based Comp

$81.6M

Previous: $72.6M+12.4%

Revenue & EPS history

Nutanix · Revenue · Quarterly

$548M

Q4 2024+10.9%vs Q4 2023
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 anticipates revenue between $565 and $575 million and a non-GAAP operating margin of 14.5% to 15.5% for the first quarter of fiscal year 2025. For fiscal year 2025, Nutanix anticipates revenue between $2.435 and $2.465 billion, a non-GAAP operating margin of 15.5% to 17.0%, and free cash flow between $540 and $600 million.

Tailwinds

  • Revenue between $565 - $575 million for Q1 2025
  • Non-GAAP Operating Margin 14.5% to 15.5% for Q1 2025
  • Revenue between $2.435 - $2.465 billion for FY 2025
  • Non-GAAP Operating Margin 15.5% to 17.0% for FY 2025
  • Free Cash Flow $540 - $600 million for FY 2025

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 2024

Historical avgQ4 2024

+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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