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Pure Storage reported earnings Q4 FY2025 results ended on February 2, 2025

$PSTG (-1.84%)


- Revenue: $879.8M, +11% YoY

- Net Income: $42.4M vs $65.4M YoY

- Subscription ARR: $1.7B, +21% YoY


CEO Charles Giancarlo: "Pure Storage delivered solid fourth quarter and full year results as we fundamentally transform data storage and management for enterprises and hyperscalers."


CFO Kevan Krysler: "We achieved a major financial milestone in fiscal year 2025, surpassing $3 billion in total revenue for the first time while delivering strong operating profit."


🌱Revenue & Growth

- Q4 Product revenue: $494.8M, +7% YoY

- Q4 Subscription services: $385.1M, +17% YoY

- Full-year revenue: $3.2B, +12% YoY

- Remaining performance obligations: $2.6B, +14% YoY


💰Profits & Financials

- Q4 GAAP gross margin: 67.5% vs 72.0% YoY

- Q4 Operating margin: 4.8% vs 7.3% YoY

- Q4 Free cash flow: $151.9M vs $200.9M YoY

- Share repurchase: $374M in FY25, bought back 6.7M shares


📌Business Highlights

- Achieved first design win with a top-four hyperscaler

- Released Pure Fusion v2 for enterprise data clouds

- Launched GenAI Pod for enterprise AI deployments

- Maintained world-class Net Promoter Score of 81


🔮Future Outlook

- Q1 FY26 revenue guidance: $770M, +11% YoY

- FY26 revenue guidance: $3.515B, +11% YoY

- FY26 non-GAAP operating margin target: 17.0%

- Authorized additional $250M for share repurchases

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