Nutanix at Goldman Sachs conference: cloud push gains pace
On Tuesday, 08 September 2026, Nutanix CEO Rajiv Ramaswami and CFO Rukmini Sivaraman unveiled a broader strategy at the Goldman Sachs Communacopia + Technology Conference 2026. The company is experiencing momentum in external storage, public cloud, Kubernetes, databases, and artificial intelligence, despite rising hardware costs and supply chain issues.
Nutanix's shares have delivered a 69% return over the last six months, and investor confidence in the pivot is strong, with 13 analysts raising earnings forecasts. The market capitalization stands at $18.2 billion. Management believes the company is transitioning from a hyperconverged infrastructure (HCI) vendor to a broader cloud platform.
External storage is the fastest near-term growth driver, with multiple seven-figure deals in the latest quarter. FY 2027 guidance anticipates operating margins of 24% to 25%, with a longer-term target of more than 30%.
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