Nutanix (NTNX) Research & Development (2015 - 2026)
Nutanix (NTNX) posted quarterly Research & Development of $283.6 million for Q2 2026, up 8.91% year-over-year from $260.4 million in Q2 2025, and up 2.18% quarter-over-quarter from $277.5 million in Q1 2026.
Nutanix (NTNX) Research & Development (2015 - 2026) Analysis & Trends
Nutanix (NTNX) has reported Research & Development for 12 consecutive years, with $283.6 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Research & Development rose 8.91% year-over-year to $283.6 million; the TTM figure through Apr 2026 stood at $808.0 million (down 32.75% YoY), while the FY2025 annual figure was $736.8 million, down 24.61% from the prior year.
- Research & Development rose to $283.6 million in Q2 2026 per NTNX's latest filing, from $277.5 million in the prior quarter.
- Across five years, Research & Development topped out at $550.3 million in Q3 2022 and bottomed at -$38.4 million in Q3 2025.
- Historically, Research & Development has averaged $236.1 million across 5 years, with a median of $232.6 million in 2023.
- Annual changes were most pronounced in 2022 — Research & Development jumped 346.01% — and 2025, when it sank 107.59%.
- Nutanix's Research & Development stood at $149.4 million in 2022, then surged by 57.47% to $235.3 million in 2023, then dropped by 26.08% to $174.0 million in 2024, then surged by 63.97% to $285.2 million in 2025, then declined by 0.57% to $283.6 million in 2026.
- Business Quant data shows NTNX's Research & Development at $283.6 million in Q2 2026, $277.5 million in Q1 2026, and $285.2 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | Nutanix | 17.48 Bn | 15.46 Bn | 610.79 Mn | 283.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 283.61 Mn |
| Jan 31, 2026 | 277.54 Mn |
| Oct 31, 2025 | 285.23 Mn |
| Jul 31, 2025 | -38.36 Mn |
| Apr 30, 2025 | 260.40 Mn |
| Jan 31, 2025 | 261.38 Mn |
| Oct 31, 2024 | 173.96 Mn |
| Jul 31, 2024 | 505.69 Mn |
| Apr 30, 2024 | 159.22 Mn |
| Jan 31, 2024 | 160.40 Mn |
| Oct 31, 2023 | 235.32 Mn |
| Jul 31, 2023 | 229.43 Mn |
| Apr 30, 2023 | 143.02 Mn |
| Jan 31, 2023 | 229.79 Mn |
| Oct 31, 2022 | 149.44 Mn |
| Jul 31, 2022 | 550.34 Mn |
| Apr 30, 2022 | 142.33 Mn |
| Jan 31, 2022 | 241.73 Mn |
| Oct 31, 2021 | 144.27 Mn |
| Jul 31, 2021 | -223.71 Mn |