On May 28, Nutanix rose 5.26% in regular trading, trading at $48.985/share, with trading volume of $151 million. The rally was driven by the company's fiscal Q3 earnings report, which significantly exceeded market expectations.

Nutanix reported adjusted earnings of $0.47 per diluted share for fiscal Q3 ended April 30, beating the analyst consensus estimate of $0.36 by 30.56% and up from $0.42 in the year-ago period. Revenue came in at $703.1 million, representing 10% year-over-year growth and exceeding the $686.3 million consensus. The company also raised its full-year fiscal 2026 revenue guidance to $2.82–$2.84 billion, compared to the prior analyst consensus of $2.82 billion. Prior to the earnings release, the stock had already pulled back over 6% on expectations of EPS contraction, and the strong beat triggered a rapid rebound as risk-averse capital flowed back in.

However, Morgan Stanley noted that the company's Q4 revenue guidance of $725–$745 million, with a midpoint slightly below the $742.2 million consensus, suggests potential supply chain headwinds and macroeconomic pressures ahead.

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