---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000933"
form_type: "8-K/A"
ticker: "NTNX"
cik: "0001618732"
company_name: "Nutanix, Inc."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:17:00.218645+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nutanix corrects Q3 earnings, discloses material weakness from software non-compliance, $11M estimated liability

## Summary
- Corrected $10.2M RSU tax withholding error; reduces Q3 operating expenses by $9.3M, cost of revenue by $0.9M.
- Audit committee investigation found non-compliant use of evaluation software from two vendors; material weakness in internal controls.
- Recorded cumulative $11M estimated expense for past non-compliant usage; ongoing annual impact low-single-digit millions.
- Corrected Q3 FY2023: revenue $448.6M (+11% YoY), ACV billings $239.8M (+17%), non-GAAP operating income $17.2M.

## SEC filing metadata
- accession: 0001157523-23-000933
- form_type: 8-K/A
- ticker: NTNX
- cik: 0001618732
- company_name: Nutanix, Inc.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618732/000115752323000933/0001157523-23-000933-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618732/000115752323000933/a53412748.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000933
- JSON: https://secwatch.observer/filing/0001157523-23-000933.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000933.txt

## Key facts
- Earnings Releases
  Nutanix, Inc. reported the third quarter ended April 30, 2023 results: revenue $448.6 million.
  - Period: the third quarter ended April 30, 2023
  - Revenue: $448.6 million
  - Result: reported results
  source text: cal 2023 Financial Summary Q3 FY’23 Q3 FY’22* Y/Y Change Annual Contract Value (ACV) 1 Billings $239.8 million $204.7 million 17% Annual Recurring Revenue (ARR) 2 $1.47 billion $1.11 billion 32% Average Contract Term 3 3.0 years 3.2 years (0.2) year Revenue 4 $448.6 million $403.7 million 11% GAAP Gross Margin 81.6% 80.2% 140 bps Non-GAAP Gross Margin 84.0% 83.3% 70 bps GAAP Operating Expenses $424.8 million $416.5 million 2% Non-GAAP Operating Expenses $359.8 million $342.1 million 5% GAAP Operating Loss $(58.6) million $(92.7) million $34.1 million Non-GAAP Operating Income (Loss) $17.2 million $(5.8) million $23.0 million GAAP Operating Margin (13.1)% (23.0)% 9.9% pts Non-GAAP Operating Margin 3.8% (1.4)% 5.2% pts Net Cash Provided by (Used in) Operating Activities $74.5 million $(3.2) million $77.7 million Free Cash Flow $52.7 million $(20.1) million $72.8 million * Q3 FY’22 results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618732/000115752323000933/0001157523-23-000933-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.