AMD Invests $150M in Nutanix as Q2 Revenue Tops $723M
Nutanix reported Q2 revenue of $723 million, topping forecasts, while adjusted EPS of $0.36 missed consensus. AMD agreed to buy $150 million of Nutanix shares at $36.26 each and commit up to $100 million for joint AI platform development, as the company trimmed Q3 revenue guidance to $680–$690 million.
1. Fiscal Q2 Financial Results
Nutanix reported Q2 revenue of $723 million, surpassing analyst estimates, and an adjusted EPS of $0.36, slightly under consensus. Management noted server supply constraints that may pressure near-term revenue and free cash flow.
2. AMD Equity Investment and Funding
Advanced Micro Devices agreed to purchase $150 million of Nutanix common stock at $36.26 per share, with an option to invest up to an additional $100 million in joint engineering and go-to-market efforts. The stock purchase is expected to close in the company’s fiscal Q2 once regulatory approvals are secured.
3. AI Infrastructure Partnership Details
Under a multi-year collaboration, Nutanix and AMD will co-develop a full-stack agentic AI infrastructure platform combining AMD EPYC CPUs, Instinct GPUs, ROCm software, and Nutanix Cloud and Kubernetes integration. The first jointly engineered platform is slated for market launch in late 2026, targeting enterprise and service-provider customers.
4. Trimmed Guidance and Outlook
Despite strong Q2 revenue, Nutanix trimmed its Q3 guidance to $680–$690 million, below analyst expectations, and lowered its full-year outlook. Executives cited extended server lead times that could delay some sales and cash flow conversion.