Pure Storage (PSTG) Company Report

Pure Storage reported a strong quarter, exceeding both top and bottom line expectations and raising its full-year outlook. The company also surpassed its previously anticipated full-year hyperscaler shipments within Q3.
The company is exploring additional business models with existing and potential hyperscaler customers, which may shift the gross margin profile closer to blended company averages from the current high 90%+.
Pure Storage is seeing broad-based strength in its enterprise business, driven by increased wallet penetration, demand in modern virtualization, and selective cloud repatriation, while maintaining structural advantages in commodity markets through its DirectFlash technology.

10 hours ago

Transcript

Pure Storage Discusses Strong Quarter, Hyperscaler Growth, and Evolving Business Models

PSTG

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Pure Storage reported a strong quarter, beating on both top and bottom lines, which is a continuation of strength seen throughout the year.
The company surpassed its previously anticipated full-year exabyte shipments to hyperscalers within Q3.
Pure Storage is exploring new business models for hyperscaler engagements, which are expected to bring the gross margin profile associated with hyperscaler revenue streams closer to blended company averages, implying a trade-off between gross margin and top-line revenue.
The core competitive advantage is the DirectFlash technology, particularly the DirectFlash software, which enables higher density, performance, and reliability compared to traditional SSDs.
The company sees multiple growth opportunities across the enterprise business, hyperscalers, NeoClouds, the AI market with FlashBlade Exa, and modern virtualization through Portworx.

10 hours ago

Transcript

Pure Storage Reports Strong Q3 FY26 Results and Raises Full-Year Guidance

PSTG

Earnings

Guidance Update

New Projects/Investments

Pure Storage delivered strong Q3 FY26 results, with revenue of $964 million, a 16% year-over-year increase, and a record operating profit of $196 million, up 17% year-over-year, achieving an operating margin of 20.3%.
The company increased its full-year FY26 guidance, with anticipated revenue now in the range of $3.63-$3.64 billion (a 70 basis points increase from prior guidance) and operating profit expected between $629-$639 million (over a 330 basis points increase from prior guidance).
Hyperscaler shipments exceeded the original FY26 forecast of 1 to 2 exabytes by Q3 year-to-date, with momentum expected to continue into Q4 and FY27. The company is exploring new business model options for the hyperscaler business in FY27, which may impact gross margin economics.
Pure Storage plans to make significant incremental investments in R&D and sales and marketing in FY27 to capture profitable growth opportunities, while still expecting operating profit to grow beyond fiscal year 2026.

2 days ago

Transcript

Pure Storage Reports Strong Q3 2026 Results and Raises Full-Year Guidance

PSTG

Earnings

Guidance Update

New Projects/Investments

Pure Storage delivered strong Q3 fiscal year 2026 results, with revenue of $964 million, representing 16% year-over-year growth, and operating profit of $196 million, an increase of 17% year-over-year, leading to a 20.3% operating margin.
The company has raised its full-year fiscal year 2026 guidance, now anticipating revenue between $3.63 billion and $3.64 billion (midpoint 14.7% year-over-year growth) and operating profit between $629 million and $639 million (midpoint 13.3% year-over-year increase).
Hyperscaler shipments year-to-date in Q3 exceeded the original fiscal year 2026 forecast of 1 to 2 exabytes, with continued momentum expected. Pure Storage plans to provide more details on the fiscal year 2027 outlook and potential business model changes for this segment next quarter.
Management foresees increased commodity pricing and supply chain pressures but is prepared, expecting higher commodity pricing to positively affect revenue growth more than gross margin.
The company remains committed to growing operating profit year-over-year beyond fiscal year 2026, despite plans for significant incremental investments in R&D and sales and marketing.

2 days ago

Transcript

Pure Storage Reports Strong Q3 FY26 Results with Revenue Growth and Record Operating Profit

PSTG

Earnings

Guidance Update

Management Change

Pure Storage delivered strong Q3 FY26 financial results, with revenue of $964 million, a 16% year-over-year increase, and a record operating profit of $196 million, up 17% year-over-year, resulting in an operating margin of 20.3%.
The company exceeded its full annual forecast of two exabytes of hyperscale shipments by the end of Q3 FY26, with momentum expected to continue into Q4 and FY27.
Subscription services revenue grew 14% year-over-year to $430 million, contributing 45% of total revenue, while ARR increased 17% to $1.8 billion.
Pure Storage anticipates increased commodity pricing to positively affect revenue growth and has appointed Pat Finn as the new Chief Revenue Officer.

2 days ago

Transcript

Pure Storage Announces Q3 FY2026 Financial Results and Raises Full-Year Guidance

PSTG

Earnings

Guidance Update

Share Buyback

Pure Storage reported Q3 FY2026 total revenue of $964.5 million, a 16% year-over-year increase, with subscription services revenue growing 14% year-over-year to $429.7 million.
For Q3 FY2026, the company achieved non-GAAP operating income of $196.2 million, representing a non-GAAP operating margin of 20.3%.
Subscription annual recurring revenue (ARR) reached $1.8 billion, up 17% year-over-year, and remaining performance obligations (RPO) increased 24% year-over-year to $2.9 billion.
Pure Storage increased its full-year FY2026 revenue guidance to $3.63 billion to $3.64 billion and non-GAAP operating income guidance to $629 million to $639 million.
The company returned approximately $53 million to stockholders through share repurchases during the quarter.

2 days ago

8-K

Pure Storage Announces Third Quarter Fiscal 2026 Financial Results and Increased Full-Year Guidance

PSTG

Earnings

Guidance Update

Share Buyback

Pure Storage reported Q3 fiscal year 2026 revenue of $964.5 million, marking a 16% year-over-year increase, and achieved a non-GAAP operating margin of 20.3%.
Subscription annual recurring revenue (ARR) grew 17% year-over-year to $1.8 billion, with subscription services revenue reaching $429.7 million, up 14% year-over-year.
The company increased its full-year fiscal year 2026 revenue guidance to between $3.63 billion and $3.64 billion and non-GAAP operating income guidance to between $629 million and $639 million.
Pure Storage returned approximately $53 million to stockholders through share repurchases of 0.6 million shares during the quarter.
Key company highlights include the expansion of the Enterprise Data Cloud into the public cloud with Pure Storage Cloud Azure Native and the expansion of Pure1 AI Copilot.

2 days ago

Press Release

Pure Storage Appoints New Chief Revenue Officer and Reaffirms Guidance

PSTG

Management Change

Executive Compensation

Guidance Update

Pure Storage, Inc. (PSTG) announced the appointment of Patrick Finn as its Chief Revenue Officer, effective immediately, succeeding Dan FitzSimons who will remain in an advisory capacity.
The company reaffirmed its financial guidance for the third quarter and full-year fiscal 2026, which was previously provided in its second quarter FY26 earnings announcement.
Mr. Finn's compensation includes an initial annual base salary of $650,000, an annual performance-based cash bonus target of 100% of his base salary, a one-time signing bonus of $1,000,000, and restricted stock unit awards for 92,896 shares and an additional 108,840 shares (at target).

Nov 5, 2025, 12:58 AM

8-K

Pure Storage Appoints Patrick Finn as Chief Revenue Officer

PSTG

Management Change

Hiring

Guidance Update

Pure Storage has appointed Patrick Finn as its new Chief Revenue Officer, effective immediately.
Finn succeeds Dan FitzSimons, who will remain with the company in an advisory capacity.
Finn brings over three decades of experience in sales and leadership, including senior roles at Cloudflare, Cisco, Pepsi-Cola, and IBM.
The company reaffirmed its third quarter and full-year FY26 guidance.

Nov 4, 2025, 2:00 PM

Press Release

Pure Storage and Cisco Announce New FlashStack CVD for Enterprise AI

PSTG

New Projects/Investments

Product Launch

Pure Storage and Cisco announced a new FlashStack Cisco Validated Design (CVD), which unifies compute, storage, and networking to help enterprises move generative AI projects from pilot to large-scale production.
This collaboration is part of the Cisco Secure AI Factory with NVIDIA, providing a production-grade platform designed to address data readiness challenges and operational complexity in enterprise AI.
The solution integrates Pure Storage FlashBlade//S™ and Portworx® with Cisco UCS C845a servers (powered by NVIDIA GPUs) and NVIDIA AI Enterprise software.
The new FlashStack CVD is expected to be generally available in Q1 2026 through leading channel partners.

Oct 28, 2025, 6:30 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Pure Storage.

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