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    Jeff KocheRaymond James

    Jeff Koche's questions to Pure Storage Inc (PSTG) leadership

    Jeff Koche's questions to Pure Storage Inc (PSTG) leadership • Q2 2025

    Question

    Jeff Koche asked for the current percentage of revenue and the order book that is related to AI.

    Answer

    CEO Charles Giancarlo explained that the company does not break out AI-specific revenue. He characterized the current opportunity as being primarily in AI training environments, a market he estimates at less than $1 billion annually, where Pure is getting its fair share. He identified enterprise inference and data infrastructure upgrades as larger, future opportunities.

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