Nutanix (NTNX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended January 2026, Nutanix (NTNX) reported revenue of $722.83 million, up 10.4% over the same period last year. EPS came in at $0.56, compared to $0.56 in the year-ago quarter.

The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $713.73 million. With the consensus EPS estimate being $0.44, the EPS surprise was +27.94%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Nutanix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Annual Recurring Revenue (ARR): $2.36 billion compared to the $2.35 billion average estimate based on 10 analysts.
• Revenue- Support, maintenance and other services: $335.46 million compared to the $330.89 million average estimate based on 11 analysts. The reported number represents a change of +11.6% year over year.
• Revenue- Product: $387.36 million compared to the $378.33 million average estimate based on 11 analysts. The reported number represents a change of +9.4% year over year.
• Disaggregation of Revenue- Professional services revenue: $32.29 million versus $32.36 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +15.2% change.
• Disaggregation of Revenue- Subscription revenue: $690.53 million versus the seven-analyst average estimate of $676.24 million. The reported number represents a year-over-year change of +10.6%.

View all Key Company Metrics for Nutanix here>>>

Shares of Nutanix have returned -8.2% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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