NTNX
Nutanix, Inc.

Nutanix, Inc.NTNX

Technology · Software - Infrastructure
63.70USD
-1.52%
Nov 05, 2026
NTNX overview ready
Direct platform vendor enabling VMware replacement and private-cloud modernization
Nutanix is a direct platform vendor for enterprises replacing or modernizing legacy virtualized infrastructure, supplying the hypervisor, software-defined storage, networking, automation, and hybrid-cloud management layers needed to operate a private or hybrid cloud.
Theme not measured
No economic group is assigned yet.
No clear price read
Longer-term context reads early trend, with a near-term setup of pullback recovery.
Fair valuation
The price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Competitive pressure from large cloud providers and infrastructure vendors.
Market Nov 4Filing Jul 31Price action Nov 5Research Jul 23

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction6.6BusinessPerformance7.0BusinessQuality6.3Valuation5.7ThemeMomentum—Improving — Revenue growth has accelerated, rising from +10% to +16% year over year. Reported earnings improved faster than operating income, so most of the improvement did not come from operations. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
No economic group yet — pending research
Price
Loading price history…

Price Action

No clear price read
Longer-term context reads early trend, with a near-term setup of pullback recovery.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA100 aligned with support at the weekly SMA100. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$17.2B
Avg Volume (60D)
2.4M
60 sessions
Revenue Growth YoY
+12.4%
FY2026 vs FY2025
Gross Margin
+86.8%
Trailing twelve months
Operating Margin
+9.6%
Trailing twelve months
Free Cash Flow Yield
+4.9%
P/E
11.4x
Market metrics as of Nov 4, 2026
Financial results for the period ended Jul 31, 2026
Filed balance-sheet data as of Jul 31, 2026

Business Performance

Improving

Revenue growth has accelerated, rising from +10% to +16% year over year. Reported earnings improved faster than operating income, so most of the improvement did not come from operations.

Latest reported: Q4 FY2026, ended Jul 31
Revenue growthAccelerating
+16%
$757M in Q4 FY2026 · YoY
YoY growth, last 4 quarters
  1. +14%
  2. +10%
  3. +10%
  4. +16%
Earnings growthGrowing
$4.34
Diluted EPS $4.34 vs $0.13 a year earlier · GAAP, from the earnings release
Diluted EPS YoY (GAAP), last 4 quarters
  1. +110%
  2. +90%
  3. +14%
  4. n/a
Operating marginExpanding
9.2%
+4.5 pp YoY · gross margin 86.0% (-1.1 pp)
Earnings improved more than operations did

Business Quality

6.3 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is fair.
Nutanix, Inc. has a Fair valuation stance because the price broadly reflects the cash the business actually produces, with upside and risk reasonably balanced. It trades at a 4.9% free-cash-flow yield, broadly in line with what the business currently supports.

Company Research

Thesis
Nutanix is a direct platform vendor for enterprises replacing or modernizing legacy virtualized infrastructure, supplying the hypervisor, software-defined storage, networking, automation, and hybrid-cloud management layers needed to operate a private or hybrid cloud.
Opportunity
High opportunity
Enterprise IT organizations are reassessing virtualization and private-cloud stacks as licensing, vendor-concentration, workload-control, data-sovereignty, and cloud-cost concerns drive migrations from legacy virtualization toward alternative hypervisors and software-defined private-cloud platforms.
Key risk
Competitive pressure from large cloud providers and infrastructure vendors.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Software - Infrastructure
What they do

Nutanix, Inc. provides enterprise cloud platform software that enables organizations to build and manage hybrid multicloud infrastructure through hyperconverged infrastructure solutions.

How it earns

The company primarily generates revenue through subscription and software licensing models.

Products & services
Nutanix Cloud Platform
Nutanix AOS
Nutanix AHV
Nutanix data services for Kubernetes
Flow network security
Nutanix Cloud Clusters
Customers & end markets
Enterprise IT organizations
Hybrid and multicloud infrastructure users
Market position

Nutanix is a leader in the hyperconverged infrastructure software market.

Demand drivers
Medium cyclicality

Enterprise IT spending can be influenced by broader economic cycles and IT budget priorities.