Revenue segments as reported by the company.

Product

Subscription services

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Research and development

Sales and marketing

General and administrative

Restructuring, impairment and other

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Pure Storage

Pure Storage, Inc. engages in the provision of flash-based storage solutions. Its technology replaces storage systems designed for mechanical disks with all-flash systems optimized end-to-end for solid-state memory. The company was founded by John Hayes and John Colgrove in October 2009 and is headquartered in Mountain View, CA.

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Earnings data Q4 2025

Pure Storage (PSTG) reports strong Q1 performance and focuses on AI-driven growth opportunities

Pure Storage (PSTG) reports strong Q1 performance, driven by subscription ARR and revenue growth. The company continues to innovate and expects stability in flash pricing. Challenges include the increasing density of hard drives and increased CapEx spend. Pure Storage sees opportunities in AI applications and all-flash systems for machine learning and AI-oriented environments.

Pure Storage reports strong Q2 earnings, eyes AI and cloud growth

Pure Storage's Q2 earnings call showcased strong financial performance, strategic partnerships, and a focus on innovation. While facing short-term revenue challenges, the company is well-positioned for growth, particularly in the AI and cloud migration spaces.

Pure Storage reports strong Q3 results, anticipates aggressive pricing strategy

Pure Storage's Q3 performance was strong, driven by the exceptional growth of Evergreen//One and Portworx. The company faces challenges in a competitive environment but sees opportunities in aggressive pricing and expansion of its sales force. Overall, Pure Storage remains well-positioned for continued growth and innovation in the data storage industry.

Pure Storage reports solid revenue growth amidst economic challenges

Pure Storage's Q4 and FY 2023 performance reflects solid revenue growth and operational strength, despite economic challenges impacting revenue expectations for FY 2024. The company's focus on innovation, cost optimization, and market share growth positions it well for long-term success.

Pure Storage surpasses Q1 expectations, poised for growth in AI-driven storage solutions

Pure Storage's Q1 results exceeded expectations, driven by strong sales, subscription growth, and operational efficiency. The company's focus on innovation, reliability, and cost-effectiveness positions it well for future growth and market leadership in the data storage industry.

Pure Storage (PSTG) exceeds Q2 revenue guidance, focuses on subscription growth

Pure Storage (PSTG) delivered a strong performance in Q2 2024, showcasing leadership in data storage transformation, robust subscription revenue growth, and strategic partnerships. While facing short-term challenges, the company remains focused on driving innovation, expanding its customer base, and capitalizing on the growing demand for cloud and hybrid cloud solutions.

Pure Storage (PSTG) excels in Q3, Evergreen//One drives growth

Pure Storage (PSTG) delivered strong Q3 results with notable growth in Evergreen//One and Portworx, setting new industry standards and securing major wins.
The company's focus on innovation, strong balance sheet, and strategic partnerships position it well for future growth and market differentiation.
Challenges include navigating a competitive landscape, balancing revenue growth with investments, and ensuring the success of Evergreen//One for sustained growth.
Opportunities lie in strengthening demand, expanding sales capacity, and leveraging product offerings to drive revenue and customer engagement.

Pure Storage excels in Q4 with subscription revenue surge

Pure Storage's Q4 performance was strong, driven by subscription services revenue growth and strategic deals in the financial and AI sectors. The company's platform strategy and commitment to sustainable storage solutions are key strengths. Challenges lie in the industry's transition to all-flash data centers, but Pure Storage is well-positioned to capitalize on opportunities in AI and data management.

Pure Storage (PSTG) reports record Q1 revenue growth and eyes AI opportunities for future expansion

Pure Storage's Q1 2025 performance showcased strong revenue growth, driven by subscription services and strategic enterprise deals.
While facing challenges in sustaining product revenue growth, the company's focus on AI, cloud capabilities, and subscription offerings positions it well for future expansion.
Opportunities lie in advancing discussions with hyperscalers, leveraging AI opportunities, and increasing subscription revenue proportion to drive growth and market penetration.
Overall, Pure Storage's performance, strengths, and strategic focus indicate a positive outlook for FY '25, with a strong emphasis on recurring revenue and market expansion.

Pure Storage excels in Q2 with innovative cloud storage solutions

Pure Storage's Q2 performance reflects strong revenue growth and a focus on innovation in cloud storage solutions.
The company's strategic partnerships and product roadmap position it well for future growth and market expansion.
Challenges in addressing data storage silos and competition in core storage present areas for continued strategic focus.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Pure Storage, Inc. engages in the business of delivering innovative and disruptive data storage, products, and services that enable customers to maximize the value of data. The firm is also involved in the provision of data storage and management with a mission to redefine the storage experience by simplifying how people consume and interact with data. The company was founded by John M. Hayes and John Colgrove in October 2009 and is headquartered in Santa Clara, CA.

Pure Storage FlashBlade helps improve data processing performance and data read speeds within GPU servers, enabling a 2.6x increase in GPU usage after adoption SANTA CLARA, Calif. , Aug. 15, 2023 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that Chungbuk Technopark, a regional innovation hub in Chungcheongbuk-do Province, has leveraged FlashBlade®, its unified fast file and object storage platform, to enhance the AI development environment it provides to local businesses by boosting storage data processing performance and significantly improving GPU usage.

Pure Storage Advances Chungbuk Technopark's AI Development Platform to Help Local Businesses Innovate and Grow Successfully

SANTA CLARA, Calif. , Aug. 9, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Wednesday, August 30 at 2:00 p.m.

Pure Storage Announces Date and Conference Call Information for Second Quarter Fiscal 2024 Financial Results

Pure Storage and Portworx by Pure Storage identified in GigaOm Radar Reports for leadership in Enterprise Kubernetes Data Storage and Cloud-Native Kubernetes Data Storage SANTA CLARA, Calif. , Aug. 1, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it was named a leader for the fourth consecutive year in the GigaOm Radar Report for Enterprise Kubernetes Data Storage, which analyzes enterprise storage systems with support for Kubernetes-based workloads, and its companion report for Cloud-Native Kubernetes Data Storage, which analyzed Kubernetes-native storage solutions built specifically to support stateful containers with scalable, distributed architectures.

Portworx by Pure Storage Recognized as a Leader in Kubernetes Storage by GigaOm for Fourth Consecutive Year

SANTA CLARA, Calif. , July 11, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that University Hospital Centre of Saint-Etienne, one of the leading university hospitals in southeast France, is leveraging its portfolio - including FlashArray™, Pure1®, and its Evergreen® architecture - to secure and accelerate access to critical data in order to improve overall patient care and business continuity.

Pure Storage Enables Leading French University Hospital to Accelerate Critical Healthcare Data, Modernize Storage Infrastructure to Improve Patient Care

Enterprise data storage solutions provider Pure Storage Inc. NYSE: PSTG stock has traded in a weekly rectangle trading range for over a year as shares attempt another breakout at the upper range. Shares are up 35% year-to-date (YTD), with most gains coming in the prior six weeks.

Pure Storage is Pure Gold for Customers and Investors

Pure Storage (PSTG) reported earnings 30 days ago. What's next for the stock?

Why Is Pure Storage (PSTG) Up 5.4% Since Last Earnings Report?

SANTA CLARA, Calif. , June 27, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced the opening of its new global corporate headquarters in Santa Clara, California to provide state-of-the-art support to employees and customers as the company's industry-leading innovations continue to drive strong growth.

Pure Storage Opens New Global Headquarters in Santa Clara

Civitas Resources

KB Home

Vista Outdoor

Universal Stainless & Alloy Products

U.S. stocks closed lower on Friday, with the S&P 500 index snapping its five-week winning rally.

This Analyst With 85% Accuracy Rate Sees Around 74% Upside In Vista Outdoor - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts - KB Home (NYSE:KBH), Civitas Resources (NYSE:CIVI)

Adobe

Carnival

While the overall market has performed well in June so far, all three of these stocks have widely outperformed, delivering outsized gains to investors.

These 3 Stocks Have Been Red-Hot in June

New FlashArray models deliver up to 40% higher performance, 30% more inline compression to stretch storage capacity, and new ransomware protection capabilities delivered entirely via non-disruptive upgrade LAS VEGAS , June 14, 2023 /PRNewswire/ -- Today at Pure//Accelerate® 2023, Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced the release of the next-generation FlashArray//X™ and FlashArray//C™ R4 models. The new FlashArray™ models deliver global enterprises with the data agility, performance, security, and cost savings needed to seamlessly and economically scale business operations with the most efficient storage product line in the industry.

Pure Storage Delivers Largest Ever Performance, Efficiency, and Security Advancements with Next Generation FlashArray//X and FlashArray//C

FlashArray//E delivers 8x higher density, 3x higher TB/watt, and 7x lower drive failure rates than legacy storage; extends benefits to data repository market previously served only with disk storage LAS VEGAS , June 14, 2023 /PRNewswire/ -- Today at Pure//Accelerate® 2023, Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced the expansion of its disk replacement-focused Pure//E™ family of products with the all-new FlashArray//E™.  Delivering on the promise to relieve customers from the constraints of disk, FlashArray//E will expand customers' options to tackle data growth down to 1PB without the need for frustrating offline archives or expanding expensive disk systems.

Pure Storage Expands Pure//E Family, Enabling Customers to Choose Flash For Any Workload

SLA-driven storage service powered by enhanced AIOps capabilities combines the agility of public cloud with the security of all-flash infrastructure LAS VEGAS , June 14, 2023 /PRNewswire/ -- Today at Pure//Accelerate® 2023, Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced a first of its kind ransomware recovery service level agreement (SLA) guaranteeing a clean storage environment following an attack. Industry Significance: The growing complexity and sophistication of the current threat landscape has made cybersecurity incidents a matter of when, not if.

Pure Storage Advances Data Resilience with New SLA Guarantee for Evergreen//One

Pure Storage's portfolio spans from highly performant to high-capacity, cost-effective products that always stay modern LAS VEGAS , June 14, 2023 /PRNewswire/ -- Today at Pure//Accelerate® 2023, Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced it has achieved its goal of becoming the first technology provider that can satisfy the entirety of a customer's storage needs with all-flash. Only Pure Storage can do this because of its unique differentiation in native flash management, its Purity architecture, its Evergreen® subscription, and its cloud operating model.

Pure Storage Delivers an Industry First: All-Flash Solutions for Every Storage Need

Seven customers honored at Pure//Accelerate 2023 as leaders in their use of Pure Storage among 11,500+ global customers LAS VEGAS , June 14, 2023 /PRNewswire/ -- Today at Pure//Accelerate® 2023, Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced the winners of its third annual Pure Storage Breakthrough Awards. The Awards recognize Pure Storage customers displaying extraordinary innovation, creativity, sustainability, business breakthroughs and overarching success using the Pure Storage portfolio of offerings.

Pure Storage Recognizes Customers Driving Innovation in Third Annual Breakthrough Awards Program

Clean Energy Fuels

Kroger

Northern Oil and Gas

Palo Alto Networks

Rent the Runway

Vera Therapeutics

Peruse the Internet and you'll eventually see opinions deriding top analyst recommended stocks as nothing but a clown show. Sure enough, many experts do get it wrong because let's face it: if someone could truly predict the market consistently even 70% of the time, they wouldn't be on TV.

7 Stocks That Wall Street Analysts Are Loving in June

Data storage is a critical component of AI, but investing in digital-memory stocks can be problematic. Pure Storage's growing subscription business may solve for several pain points.

1 Stock That Could Be Ready to Soar in the Generative AI Era

Pure Storage's FlashBlade/E product has the potential to replace spinning disc storage with its cost and performance advantages, driving significant growth for the company. The company's partnership with NVIDIA and its AI-ready infrastructure could also contribute to growth in the coming years. Pure Storage's valuation remains attractive, with a projected 3-year CAGR in the low 20% range and a strong cash generation from its subscription business.

Pure Storage: Product Innovation Driving Growth With Profitability And Market Share Gains

NetApp

Teradata

Despite macroeconomic headwinds and supply chain troubles, momentum in cloud computing, IoT, auto, connected devices, VR and AI will likely favor the prospects of the Zacks Computer - Storage Devices industry players like NTAP, PSTG and TDC.

3 Storage Devices Stocks to Watch for in a Challenging Industry

The niche tech solutions provider posted better-than-expected headline results for its latest reported quarter. This, despite notable drops in both revenue and profitability.

Why Pure Storage Stock Was Zooming Higher This Week

Pure Storage beat Wall Street's estimates for the first quarter. The company issued guidance that was ahead of analysts' expectations.

Why Pure Storage Stock Jumped Today

Pure Storage's (PSTG) Q1 performance is affected by the softness in Product revenues and cautious IT spending.

Pure Storage (PSTG) Q1 Earnings Beat, Revenues Fall Y/Y

Pure Storage, Inc. (NYSE:PSTG ) Q1 2024 Earnings Conference Call May 31, 2023 5:00 PM ET Company Participants Paul Ziots - Vice President-Investor Relations Charlie Giancarlo - Chief Executive Officer Kevan Krysler - Chief Financial Officer Rob Lee - Chief Technology Officer Conference Call Participants Amit Daryanani - Evercore ISI Meta Marshall - Morgan Stanley Tim Long - Barclays Pinjalim Bora - JPMorgan Wamsi Mohan - Bank of America Eddy Orabi - Cowen Sidney Ho - Deutsche Bank Jason Ader - William Blair Nehal Chokshi - Northland Capital Markets Tom Blakey - KeyBanc Capital Markets Simon Leopold - Raymond James David Vogt - UBS Eric Martinuzzi - Lake Street Operator Good day, and welcome to the Pure Storage First Quarter Fiscal Year 2024 Earnings Conference Call. Today's conference is being recorded.

Pure Storage, Inc. (PSTG) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Pure Storage (PSTG) give a sense of how the business performed in the quarter ended April 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Pure Storage (PSTG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Shares of data-storage software provider Pure Storage Inc. PSTG rallied after hours on Wednesday after the company reported first-quarter results that beat expectations and gave an upbeat financial outlook. The company reported a net loss of $67.4 million, or 22 cents a share, compared with $11.5 million, or 4 cents a share, in the same quarter last year.

Results, forecast lift Pure Storage stock after hours

Pure Storage beat Wall Street's targets for its fiscal first quarter and guided higher than views for the current period.

News for Pure Storage Stock (PSTG)