🔹 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
