Nutanix Unveils Agentic AI Stack, Storage Deals at Investor Day

Company targets 'Rule of 40-plus' financial performance by fiscal 2029

Apr. 8, 2026 at 12:03am

Got story updates? Submit your updates here. ›

A glowing, 3D macro illustration of a Nutanix data center server rack, with neon cyan and magenta lights highlighting the physical hardware components, conceptually representing the company's focus on powering the next generation of hybrid cloud and AI-driven enterprise IT.Nutanix's vision for a future-ready, AI-powered hybrid cloud infrastructure shines through in a luminous, high-tech illustration.San Jose Today

Nutanix used its 2026 Investor Day to outline product initiatives, partner announcements, and medium-term financial targets, addressing customer trends from agentic AI to supply chain constraints. Key announcements included Nutanix's 'Agentic AI full stack solution,' support for NetApp and a partnership with Lenovo for external storage, and financial targets of mid- to high-teens growth, mid/high-20s operating margins, and high-20s free cash flow margin by fiscal 2029.

Why it matters

Nutanix is positioning itself at an 'inflection point' in the industry, with a focus on infrastructure modernization, public cloud adoption, modern applications, and the 'shift to agentic AI.' The company is aiming to expand its addressable market and deliver 'durable growth and profitability' through its unified platform approach.

The details

Nutanix outlined several key initiatives at its Investor Day, including its 'Agentic AI full stack solution' to help customers operationalize AI across hybrid environments, new external storage partnerships with NetApp and Lenovo, and the expansion of its Kubernetes offerings. The company also detailed plans to grow its addressable market from 35% of the private cloud portion of the hybrid cloud infrastructure market to 60% by 2029 through external storage support. Additionally, Nutanix framed the Broadcom-VMware disruption as a 'multi-wave opportunity' and highlighted efforts to reduce migration friction.

  • Nutanix's 'Agentic AI full stack solution,' 'NKP Metal' for Kubernetes, and the new external storage partnerships with NetApp and Lenovo are expected to be available by the end of 2026.
  • Nutanix is targeting fiscal 2029 for its medium-term financial model, assuming a 'normalized supply chain environment' and 'a stable market backdrop.'

The players

Rajiv Ramaswami

CEO of Nutanix, who outlined the company's positioning at an industry 'inflection point' and its focus on infrastructure modernization, public cloud adoption, modern applications, and the 'shift to agentic AI.'

Rukmini Sivaraman

CFO of Nutanix, who reviewed the company's financial performance since the 2023 Investor Day and outlined its fiscal 2029 targets, including mid- to high-teens revenue and ARR growth, mid/high-20s operating margins, and high-20s free cash flow margin.

Richard Valera

VP of Investor Relations at Nutanix, who highlighted the company's key announcements, including the 'Agentic AI full stack solution,' 'NKP Metal' for Kubernetes, and the new external storage partnerships.

Nutanix

An enterprise cloud computing company that develops software to simplify the deployment and management of datacenter infrastructure, best known for pioneering hyperconverged infrastructure (HCI).

NetApp

A data management and storage company that is partnering with Nutanix to provide external storage support, expected to be available by the end of 2026.

Got photos? Submit your photos here. ›

What they’re saying

“Nutanix chose to pair Investor Day with .NEXT so investors could 'get an in-person view of our customers and our partners,' noting the 'current geopolitical and supply chain backdrop' makes it an 'interesting time' to provide updates.”

— Richard Valera, VP of Investor Relations

“Nutanix is positioned at an industry 'inflection point,' pointing to infrastructure modernization, public cloud adoption, modern applications, and the 'shift to agentic AI.'”

— Rajiv Ramaswami, CEO

“Nutanix is targeting 'neo clouds' and service providers with elements of the agentic AI stack, including what he called 'Service Provider Central,' aimed at enabling multi-tenant shared GPU infrastructure.”

— Rajiv Ramaswami, CEO

What’s next

Nutanix's new external storage partnerships with NetApp and Lenovo are expected to be available by the end of 2026, expanding the company's addressable market.

The takeaway

Nutanix is positioning itself as a leader in the shift towards agentic AI and infrastructure modernization, leveraging its unified platform approach to deliver 'durable growth and profitability' and targeting 'Rule of 40-plus' financial performance by fiscal 2029.