Nutanix delivered solid QQ2 2025 results, underscoring resilience in its software-centric cloud platform strategy amid a dynamic enterprise IT landscape. Revenue for the quarter was $654.7 million, up 16% year over year, and non-GAAP gross margin stood at 88.3% with a non-GAAP operating margin of 24.6%, driven by higher revenue and modestly lower operating expenses. The company also demonstrated meaningful ARR progression, ending Q2 at $2.06 billion—a 19% YoY increase—while new logo growth exceeded 50% YoY, signaling continued share gains in a multiyear displacement cycle from VMware and other incumbents. In addition, Nutanix strengthened its balance sheet and liquidity through convertible notes issuance (~$862.5 million) and a $500 million revolving credit facility, while returning capital via stock repurchases. Management raised full-year guidance across all metrics, reflecting confidence in the pipeline, renewals, and expansion opportunities in Global 2000 accounts, multi-cloud deployments, and GenAI/platform AI initiatives. The results also highlight the strategic importance of Nutanix’s AI-focused offerings (NAI) and Kubernetes platform as core differentiators in enterprise modernization and multi-cloud orchestration.