Nutanix Stock Surges After Beating Q2 Estimates and Raising FY25 Outlook

The cloud computing firm reported strong earnings, driven by increased adoption of its hybrid multicloud solutions and customer gains from competitors.

• Nutanix reported Q2 fiscal 2025 revenue of $654.7 million, a 16% year-over-year increase, exceeding analyst expectations of $642 million.
• Adjusted earnings per share reached $0.56, surpassing the consensus estimate of $0.47, with operating margins expanding by 270 basis points to 24.6%.
• The company's annual recurring revenue grew 19% year-over-year to $2.06 billion, reflecting strong demand for its hybrid multicloud solutions.
• Nutanix raised its full-year revenue guidance to $2.495 billion–$2.515 billion, up from its prior forecast, and improved its free cash flow projection to $650 million–$700 million.
• NTNX stock rose over 14% in premarket trading, buoyed by customer gains from competitors like VMware and increased engagement through partnerships with Cisco and Dell.

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