Shares of Nutanix Inc. and Everpure Inc., formerly Pure Storage Inc., both rose in late trading today as the companies whose products are often bought together impressed investors with earnings beats in their respective quarters.

Nutanix’s shares, up about 15%, may have been buoyed as well by a new enterprise artificial intelligence deal with Advanced Micro Devices Inc.

For its fiscal second quarter that ended on Jan. 31, Nutanix reported adjusted earnings per share of 56 cents per share and revenue of $722.8 million, the latter up 10% year-over-year. Both figures were ahead of the 44 cents per share and revenue of $710.35 million expected by analysts. The strong figures were thanks to customer growth, with Nutanix reporting annual recurring revenue sitting at $2.36 billion as of the end of January, up 16% year-over-year.

The big story of the day, however, was Nutanix’s new deal with AMD.

The multiyear strategic partnership with see both companies jointly develop an open, full-stack AI infrastructure platform designed to power agentic AI applications. The agreement also aligns both companies to an open ecosystem for AI that they say will offer customers choice and easy-to-deploy, production-ready, high-performance solutions that are optimized for agentic AI at the edge, inside enterprises and across the cloud.

As part of the partnership, AMD will invest and fund up to $250 million worth of Nutanix shares and research and development and go-to-market for integrated solutions. The $250 million commitment consists of AMD buying $150 million in Nutanix common stock at $36.26 per share, with the remaining $100 million going to Nutanix to support joint engineering initiatives and go-to-market collaboration to accelerate the adoption of AMD and the Nutanix-powered agentic AI platform.

A new joint roadmap will also see the integration of MD ROCm and AMD Enterprise AI software into the Nutanix Cloud Platform and the Nutanix Kubernetes Platform using AMD EPYC CPUs and AMD Instinct GPUs with support from a broad set of OEM server providers.

“Enterprise customers need the freedom to run the models and workloads that matter most to their business, without compromise,” said Dan McNamara, senior vice president and general manager of compute and enterprise AI at AMD. “Through our partnership with Nutanix, we’re building a scalable, full-stack AI platform rooted in openness, designed to give enterprises and service providers the flexibility to innovate, extend and grow AI deployments across enterprises.”

For its fiscal third quarter, Nutanix expects revenue of $680 million to $690 million and for its full fiscal year, revenue of $2.80 billion to $2.84.

While perhaps not quite as exciting as a quarter-billion investment from AMD, Everpure’s results were also impressive, after the company renamed itself from Pure Storage earlier this week..

Chief Executive Officer Charles Giancarlo said the name change signals how far the company has moved beyond its origins. “Everpure reflects the company we have become as we help enterprises unleash the full power of their data,” he said.

For its fiscal fourth quarter that ended on Feb. 1, Everpure reported adjusted earnings per share of 69 cents, up from 45 cents per share in the same quarter of the previous fiscal year, on revenue of $1.1 billion, up 20% year-over-year. Analysts had been expecting adjusted earnings of 64 cents per share and revenue of $1.03 billion.

Similarly to Nutanix, Everpure’s numbers were boosted by customer growth, with the company ending the quarter with subscription services revenue of $440 million, up 14% year-over-year. Remaining performance obligations, a metric that measures outstanding work Everpure has been contracted to provide, grew 40% year-over-year, to $3.7 billion.

“In the fourth quarter, we generated record revenue and operating profit, exceeding the high end of our guidance,” said Everpure Chief Financial Officer Tarek Robbiati. “We are entering FY27 with strong momentum as demand for our Everpure solutions across the enterprise and hyperscaler sectors remains robust. We are proactively navigating the global imbalances in the supply chain and are confident in our ability to deliver on our priorities this year.”

For its fiscal 2027 first quarter, Everpure expects revenue of $990 million to $1.01 billion and, for its full fiscal year, revenue of $4.3 billion to $4.4 billion.

Photo: Nutanix