$PSTG (+0.71%)

🔹 Revenue: $861M (Est. $846.2M) 🟢; UP +13% YoY

🔹 Adj EPS: $0.43 (Est. $0.39) 🟢

FY26 Guidance (Raised):

🔹 Revenue: $3.60–3.63B (Est. $3.52B) 🟢; UP +13.5–14.5% YoY

🔹 Non-GAAP Operating Income: $605–625M; UP +8–12% YoY

Q3 Guidance:

🔹 Revenue: $950–960M (Est. $913.1M) 🟢; UP +14–16% YoY

🔹 Non-GAAP Operating Income: $185–195M; UP +11–17% YoY

Key Q2 Metrics:

🔹 Subscription Services: $414.7M; UP +15% YoY

🔹 Subscription ARR: $1.8B; UP +18% YoY

🔹 RPO: $2.8B; UP +22% YoY

Profitability & Cash Flow

🔹 GAAP Gross Margin: 70.2%

🔹 Non-GAAP Gross Margin: 72.1%

🔹 GAAP Operating Income: $4.9M; 0.6% margin

🔹 Non-GAAP Operating Income: $130M; 15.1% margin

🔹 Operating Cash Flow: $212.2M

🔹 Free Cash Flow: $150.1M

🔹 Cash & Equivalents: $1.5B

🔹 Share Repurchases: $42M (~0.8M shares)

CEO Commentary

🔸 “Our strong Q2 results demonstrate customers’ growing confidence in the Pure Storage platform to advance data storage and management.” – Charles Giancarlo, CEO

CFO Commentary

🔸 “We exceeded both revenue and operating profit guidance, reflecting strong adoption of our platform strategy.” – Tarek Robbiati, CFO

$PSTG (+0.71%)

- 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

$PSTG (+0.71%) Pure Storage reported earnings

Q3 FY2025 results ended on November 3rd 2024

- Revenue: $831.1M, +9% YoY

- Net Income: $63.6M vs $70.4M YoY

- Operating Income: $59.7M vs $74.2M YoY

- Free Cash Flow: $35.2M vs $113.4M YoY

CEO Charles Giancarlo: "Pure Storage has achieved another industry first in our journey of data storage innovation with a transformational design win for our DirectFlash technology in a top-four hyperscaler."

Revenue & Growth

- Subscription Services: $376.4M, +22% YoY

- Product Revenue: $454.7M, flat YoY

- Subscription ARR: $1.6B, +22% YoY

- Remaining Performance Obligations: $2.4B, +16% YoY

Profits & Financials

- GAAP Gross Margin: 70.1%

- Non-GAAP Gross Margin: 71.9%

- GAAP Operating Margin: 7.2%

- Non-GAAP Operating Margin: 20.1%

- Total Cash & Investments: $1.6B

Business Highlights

- Won design win with top-four hyperscaler for DirectFlash technology

- Expanded collaboration with Kioxia for NAND Flash technology

- FlashBlade//S500 certified with NVIDIA DGX SuperPOD

- Strategic partnership with CoreWeave for AI customers

- Returned $182M via share repurchases (3.6M shares)

Future Outlook

- Q4 Revenue: $867M, +9.7% YoY expected

- Q4 Non-GAAP Operating Income: $135M

- FY25 Revenue: $3.15B, +11.5% YoY expected

- FY25 Non-GAAP Operating Margin: 17%