Nutanix reported fiscal fourth-quarter revenue of $757.1 million, up 16% year over year, and annual recurring revenue of $2.55 billion, also up 16%, beating its guidance and consensus estimates. The company's fiscal 2027 outlook calls for revenue of $3.18 billion to $3.23 billion, non-GAAP operating margin of 24% to 25%, and free cash flow of $850 million to $950 million, with midpoints implying about 12% revenue growth and 7% free cash flow growth. The reported free cash flow midpoint of $900 million suggests operating leverage is normalizing, but adding back $38 million in restructuring charges yields approximately $938 million in normalized free cash flow, representing roughly 12% growth and a stable margin. Nutanix also noted continued server constraints, slower renewal pool growth, and plans to reinvest savings into AI and cloud initiatives, while fourth-quarter GAAP gross margin fell 120 basis points to 86.0%.
Nutanix IncFiscal Q4 revenue and ARR beat guidance, with fiscal 2027 outlook showing growth and stable margins.
Advanced Micro Devices Inc
Chevron Corp