Nutanix (NTNX) Shares Jump 6.5% as Earnings, Billings Top Estimates

Nutanix (NASDAQ:NTNX) shares surged 6.5% on May 29, 2026, after the hybrid multicloud computing company reported fiscal first-quarter results that topped analyst forecasts. For the period, Nutanix posted non-GAAP earnings of $0.47 per share on revenue of $703.1 million, exceeding consensus estimates of $0.35 and $686.3 million. Billings jumped 25.3% year-over-year, and annual recurring revenue increased 14.7%. Although the company's revenue guidance for the upcoming second quarter came in slightly below projections, investors focused on the stronger-than-expected profit and billings growth. Nutanix shares, which are down 1.7% year-to-date, traded at $49.76—38.7% below their 52-week high.