Nutanix, Inc. (NASDAQ: NTNX) announced financial results for the first quarter ending October 31, 2025. The company reported solid demand, with bookings slightly ahead of expectations, an 18% year-over-year growth in ARR, and new logo additions. Revenue for the quarter was $670.6 million, with GAAP gross margin at 87.0% and non-GAAP gross margin at 88.0%.

Bookings for Nutanix in the first quarter exceeded expectations, but some revenue shifted into future periods. The company expects revenue to remain unchanged over time, factoring this dynamic into their Q2 and full-year revenue guidance. Nutanix raised its free cash flow guidance for the full year and sees no change in underlying demand or business fundamentals.

In the first quarter of fiscal 2026, Nutanix reported an ARR of $2.28 billion, representing an 18% increase over the previous year. The company also saw a 13% year-over-year growth in revenue, reaching $670.6 million. Non-GAAP operating income was $131.8 million, up $13.6 million from the previous year.

Nutanix provided outlooks for the second quarter of fiscal 2026, with revenue projected at $705 – $715 million and a non-GAAP operating margin of 20.5% to 21.5%. For the full fiscal year 2026, the company expects revenue between $2.82 – $2.86 billion, a non-GAAP operating margin of 21% to 22%, and free cash flow of $800 – $840 million.

The company’s webcast to discuss the first quarter fiscal 2026 financial results will take place today at 4:30 p.m. Eastern Time. Interested parties can access the conference call and webcast through the Nutanix Investor Relations website. Supplementary materials, including the earnings presentation, are available on the Nutanix website.

Nutanix reported an increase in Annual Recurring Revenue (ARR) to $2.28 billion for the first quarter of fiscal 2026, up 18% from the previous year. The company also provided a breakdown of revenue sources, showing subscription revenue at $637.8 million and professional services and other revenue at $32.7 million.

Free cash flow for Nutanix in the first quarter of fiscal 2026 was $174.5 million, an increase of $22.6 million from the previous year. The company reported a net cash provided by operating activities of $196.8 million, showing strong financial performance and growth in key areas.

Read more at GlobeNewswire: Nutanix Reports First Quarter Fiscal 2026 Financial