Movement Alert|Nutanix Rises 5.18% in Regular Trading, Q3 Earnings Significantly Beat Expectations Driving Continued Rebound

Market Focus05-29

On May 29, Nutanix rose 5.18% in regular trading, trading at $51.79/share, with trading volume of $40.17 million. The stock continued its post-earnings rally following a strong fiscal Q3 report that significantly exceeded market expectations.

Nutanix reported adjusted earnings of $0.47 per diluted share, up 11.9% year-over-year and 30.56% above the consensus estimate of $0.36. Revenue came in at $703.1 million, representing 10% year-over-year growth and surpassing the $686.3 million analyst expectation. Prior to the report, shares had declined over 6% on concerns about earnings pressure, making the beat particularly impactful as risk-off capital reversed course.

The company raised its full-year fiscal 2026 revenue guidance to $2.82-$2.84 billion, in line with or slightly above consensus. RBC Capital Markets reiterated an outperform rating, noting guidance remains achievable with upside potential. However, Morgan Stanley flagged that Q4 outlook suggests ongoing supply chain and macroeconomic headwinds, with hardware prices expected to remain elevated into 2027.

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