Nutanix Inc. (NTNX)
NASDAQ · Technology · analysed November 9, 2026
Founded in 2009, Nutanix, Inc. is an enterprise software company that pioneered hyperconverged infrastructure and provides a unified platform for hybrid multicloud computing. Its core business enables organizations to deploy, run, and manage applications and data seamlessly across private datacenters, edge environments, and major public clouds. Nutanix is currently focused on capturing market share from enterprise migrations away from traditional virtualization architectures, expanding strategic partnerships with hardware and cloud hyperscalers, and driving enterprise artificial intelligence adoption through initiatives such as its Nutanix GPT-in-a-Box solution.
Executive summary
Nutanix has established a leading position in hyperconverged infrastructure software and multi-cloud management, capturing 50% to 57% of the pure-play market. The company generates robust cash flows, posting $840.68 million in free cash flow in FY2026, supported by an $843 million net cash position. Broadcom's aggressive licensing changes and steep price increases on VMware present a major multi-year displacement opportunity, though commercial leadership transitions, heavy recent insider selling near highs, and hardware supply chain dependencies temper near-term execution.
Key figures
- Market cap
- $17.4B
- P/E, trailing
- 12.5
- P/E, next 12 months
- 27.9
- Revenue growth, fiscal year to Jul 2026
- 12.4%
- Net margin, fiscal year to Jul 2026
- 52.8%
Market cap and P/E as found on November 9, 2026.