Filing Flows › Nutanix (NTNX) › Q4 FY26 › vs Q3 FY26
Nutanix (NTNX) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Nutanix's revenue rose $54.0M (+8%) from $703M in Q3 FY26 to $757M in Q4 FY26. The biggest changes: Subscription and Circulation +$54.3M (+8%); Professional Services −$307K (-0.8%). Gross margin 86.0% against 86.9% (-0.8 pts).
Nutanix, Q4 FY26: revenue $757M (+16% year over year), operating margin 9.2%, net earnings $1.3B, operating cash flow $315M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 86.0% | 86.9% | -0.8 pts |
| Operating margin | 9.2% | 10.0% | -0.8 pts |
| Net margin | 167.7% | 10.3% | +157.4 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Subscriptionand Circulation Software Termbased Licenses | $370M | $342M | $27.8M | +8% |
| Subscriptionand Circulation Software Entitlementand Support Subscription | $349M | $323M | $26.5M | +8% |
| Subscription and Circulation | $719M | $665M | $54.3M | +8% |
| Professional Services | $38.0M | $38.3M | −$307K | -0.8% |
| Revenue | $757M | $703M | $54.0M | +8% |
| Gross profit | $651M | $611M | $40.6M | +7% |
| Cost of revenue | $106M | $92.3M | $13.4M | +15% |
| Other income, net | $12.7M | $10.8M | $1.9M | +18% |
| Operating profit | $70.0M | $70.5M | −$520K | -0.7% |
| Operating expenses | $581M | $540M | $41.1M | +8% |
| Pre-tax earnings | $82.7M | $81.3M | $1.4M | +2% |
| Research & development | $205M | $196M | $9.0M | +5% |
| Sales & marketing | $304M | $284M | $20.3M | +7% |
| General & admin | $72.4M | $60.6M | $11.8M | +20% |
| Income tax benefit | $1.2B | −$9.2M | $1.2B | — |
| Net earnings | $1.3B | $72.1M | $1.2B | 18× |
| Depreciation & amortization | $17.1M | $17.2M | −$100K | -0.6% |
| Share-based compensation | $94.5M | $82.8M | $11.7M | +14% |
| Working capital & other | $1.1B | −$35.4M | $1.1B | — |
| Operating cash flow | $315M | $208M | $108M | +52% |
Questions
How much did Nutanix's revenue grow quarter over quarter in Q4 FY26?
Nutanix's revenue rose $54.0M (+8%) from $703M in Q3 FY26 to $757M in Q4 FY26.
What drove Nutanix's revenue change in Q4 FY26?
Subscription and Circulation +$54.3M (+8%); Professional Services −$307K (-0.8%).