Filing Flows › Nutanix (NTNX) › Q2 FY26
Nutanix (NTNX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Mar 2, 2026
Nutanix (NTNX) reported revenue of $723M for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and +8% from the quarter before. Operating margin was 11.6%, net earnings $103M (14.3% of revenue).
Nutanix, Q2 FY26: revenue $723M (+10% year over year), operating margin 11.6%, net earnings $103M, operating cash flow $197M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $723M | +8% | +10% |
| Gross profit | $632M | +8% | +11% |
| Operating profit | $84.1M | +71% | +29% |
| Net earnings | $103M | +66% | +83% |
| Operating cash flow | $197M | +0.3% | -11% |
| Free cash flow | $191M | +10% | +2% |
What changed
Revenue was $722.8M in Q2 FY26, up 10% year over year and up 8% from the previous quarter. Subscriptionand Circulation Software Termbased Licenses was the largest line at 51% of revenue. Subscriptionand Circulation Software Entitlementand Support Subscription added $34.7M year over year (up 12%), 51% of the total change.
Gross margin was 87.4%, up 0.4 points from Q2 FY25. Operating profit was $84.1M, a 11.6% margin (up 1.6 points year over year). Of the extra revenue versus Q2 FY25, 27% reached operating profit, above the 10% margin then. Operating expenses grew 9% against revenue growth of 10%. The fastest-growing cost line was General & admin (+13%). Net earnings were $103.0M, up 83% year over year. The effective tax rate was -5.7%.
Operating cash flow was $197.3M (down 11% year over year), 192% of net earnings. Non-cash charges added back $18.0M of depreciation and amortization and $102.6M of share-based compensation. Working capital and other items used $26.3M. Capital expenditures of $5.9M left free cash flow of $191.4M.
Questions
What was Nutanix's revenue in the second quarter fiscal 2026?
Nutanix (NTNX) reported revenue of $723M for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and +8% from the quarter before.
Was Nutanix profitable in the second quarter fiscal 2026?
Operating profit was $84.1M (11.6% of revenue) and net earnings $103M.
Source: Nutanix 10-Q on SEC EDGAR.