Filing Flows › Nutanix (NTNX) › Q1 FY26
Nutanix (NTNX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Dec 4, 2025
Nutanix (NTNX) reported revenue of $671M for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and +3% from the quarter before. Operating margin was 7.4%, net earnings $62.1M (9.3% of revenue).
Nutanix, Q1 FY26: revenue $671M (+14% year over year), operating margin 7.4%, net earnings $62.1M, operating cash flow $197M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $671M | +3% | +13% |
| Gross profit | $583M | +2% | +15% |
| Operating profit | $49.3M | +58% | +81% |
| Net earnings | $62.1M | +61% | +107% |
| Operating cash flow | $197M | -10% | +22% |
| Free cash flow | $175M | -16% | +15% |
What changed
Revenue was $670.6M in Q1 FY26, up 13% year over year and up 3% from the previous quarter. Subscriptionand Circulation Software Termbased Licenses was the largest line at 49% of revenue. Subscriptionand Circulation Software Termbased Licenses added $44.2M year over year (up 15%), 56% of the total change.
Gross margin was 87.0%, up 0.9 points from a year earlier. Operating profit was $49.3M, a 7.4% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 5% margin then. Operating expenses grew 11% against revenue growth of 13%. The fastest-growing cost line was General & admin (+14%). Net earnings were $62.1M, up 107% year over year. The effective tax rate was 5.3%. Non-operating items added $16.2M, 25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $196.8M (up 22% year over year), 317% of net earnings. Non-cash charges added back $18.4M of depreciation and amortization and $77.8M of share-based compensation. Working capital and other items added $38.6M. Capital expenditures of $22.3M left free cash flow of $174.5M.
Questions
What was Nutanix's revenue in the first quarter fiscal 2026?
Nutanix (NTNX) reported revenue of $671M for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and +3% from the quarter before.
Was Nutanix profitable in the first quarter fiscal 2026?
Operating profit was $49.3M (7.4% of revenue) and net earnings $62.1M.
Source: Nutanix 10-Q on SEC EDGAR.