Nutanix Reports Strong Q2 Results, Announces AMD Partnership

Cloud platform provider exceeds guidance, partners with AMD on 'agentic AI' platform

Published on Feb. 26, 2026

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Nutanix reported fiscal second-quarter 2026 results that exceeded the high end of guidance across all metrics, driven by healthy demand for its cloud platform offerings and strong bookings. The company also announced a multi-year strategic partnership with AMD focused on building an 'agentic AI' platform for enterprises and service providers.

Why it matters

Nutanix's strong performance highlights the continued demand for cloud infrastructure and services, as businesses modernize their IT footprints and adopt hybrid cloud models. The partnership with AMD signals Nutanix's ambitions in the fast-growing agentic AI market, which could open up new opportunities for the company.

The details

For the second quarter, Nutanix posted revenue of $723 million, above its guided range, with annual recurring revenue (ARR) up 16% year-over-year and a net dollar-based retention rate of 107%. Non-GAAP gross margin was 88.6% and non-GAAP operating margin was 26.2%, exceeding guidance. The company also announced a strategic partnership with AMD, which will make a $150 million equity investment in Nutanix and fund up to $100 million for R&D and go-to-market efforts for a jointly developed 'agentic AI' platform.

  • Nutanix reported fiscal second-quarter 2026 results on February 26, 2026.

The players

Nutanix, Inc.

An enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure.

AMD

A multinational semiconductor company that develops computer processors and related technologies for business and consumer markets.

Rajiv Ramaswami

Chief Executive Officer of Nutanix.

Rukmini Sivaraman

Chief Financial Officer of Nutanix.

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What they’re saying

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What’s next

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The takeaway

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