Nutanix, Inc. reported a total revenue of $703.1 million for the three months ended April 30, 2026, marking a 10% increase from $639.0 million in the same period last year. For the nine months ended April 30, 2026, revenue rose to $2.1 billion, an 11% increase compared to $1.9 billion for the prior year. The company's net income for the quarter was $72.1 million, or $0.27 per share, up from $63.4 million, or $0.24 per share, in the previous year. For the nine-month period, net income increased to $237.2 million, or $0.88 per share, compared to $149.7 million, or $0.56 per share, in the prior year.
The company experienced significant growth in both product and support revenue, with product revenue increasing by 6% to $364.9 million for the quarter and 10% to $1.1 billion for the nine months. Support, maintenance, and other services revenue rose by 15% to $338.1 million for the quarter and 13% to $995.2 million for the nine months. Nutanix's end customer base grew to over 31,000, reflecting an 11% increase year-over-year. The average contract duration for subscriptions also increased, indicating a positive trend in customer retention and engagement.
In terms of operational developments, Nutanix has continued to invest in its research and development teams, which contributed to a 5% increase in R&D expenses for the quarter. The company is focused on enhancing its solutions and expanding its technology offerings, particularly in the areas of enterprise AI and hybrid multicloud environments. Additionally, Nutanix has been actively managing its sales and marketing expenses, which rose by 9% for the quarter, as it aims to capitalize on market opportunities and improve overall sales productivity.
Nutanix's balance sheet as of April 30, 2026, showed total assets of $3.4 billion, with cash and cash equivalents at $718.8 million. The company reported a total stockholders' deficit of $725.6 million, reflecting ongoing investments in growth and operational improvements. Looking ahead, Nutanix plans to continue its focus on profitable growth while navigating supply chain challenges that have affected hardware availability and pricing. The company remains optimistic about its ability to sustain growth through strategic investments in sales, marketing, and product development, while also managing operational efficiencies to improve cash flow.
About Nutanix, Inc.
Nutanix, Inc. is a leader in hybrid multicloud computing, providing a unified software platform that enables organizations to run applications and manage data across data centers, edge, and public clouds. Its solutions support diverse workloads, including enterprise AI, containerized applications, and virtual desktops. Nutanix's business model is subscription-based, emphasizing flexibility, ecosystem partnerships, and simplifying hybrid cloud deployment for a broad global customer base.
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