05:30 AM EST, 11/26/2025 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Nutanix ( NTNX ) shares were down more than 16% in Wednesday's premarket activity after the company reported overnight Q1 sales growth that lagged market expectations, and the outlook for full-year revenue was also scaled back, taking the shine off in-line earnings.

The company reported fiscal Q1 adjusted earnings of $0.41 per diluted share late Tuesday, up from $0.36 a year earlier.

Analysts polled by FactSet expected $0.41.

Revenue in the three months ended Oct. 31 rose to $670.6 million from $591 million a year earlier.

Analysts surveyed by FactSet expected $676.6 million.

The company expects fiscal Q2 revenue of $705 million to $715 million. Analysts expect $748.8 million.

The company cut full-year revenue guidance to $2.82 billion to $2.86 billion, from $2.9 billion to $2.94 billion. Analysts expect $2.92 billion.

Price: 49.24, Change: -9.53, Percent Change: -16.22