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

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

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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 Q4 2021

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

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.

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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.

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.

Pure Storage Growth Streak Ends With First-Quarter Report, But Shares Jump

Subscription services ARR of $1.2 billion, up 29% year-over-year Record Evergreen//One subscription sales Shipped first FlashBlade//E systems MOUNTAIN VIEW, Calif. , May 31, 2023 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, announced financial results for its first quarter fiscal 2024 ended May 7, 2023.

Pure Storage Announces First Quarter Fiscal 2024 Financial Results

Pure Storage's (PSTG) FlashBlade is being leveraged by MediaZen to drive AI innovation and enhance its R&D capabilities.

Pure Storage's (PSTG) FlashBlade Solution Used by MediaZen

Pure Storage's unified fast file and object storage platform, FlashBlade, helps MediaZen cut time to market by 96%, open opportunities to the global market MOUNTAIN VIEW, Calif. , May 23, 2023 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that MediaZen, a leading artificial intelligence (AI)-based voice recognition provider in South Korea, is leveraging FlashBlade®, its unified fast file and object storage platform, to accelerate time to market for new AI services and enhance R&D capabilities that propel AI innovation and competitiveness.

Pure Storage Helps MediaZen Master Demands of Unstructured Data and Accelerate AI Innovation

With Pure Storage, Virgin Media O2 eliminated customer outages, reduced time to valuable analytics, and achieved power reduction of 96% MOUNTAIN VIEW, Calif. , May 16, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that Virgin Media O2 , one of the UK's largest entertainment and telecommunications operators, is leveraging its portfolio - including FlashArray//X and Evergreen//Forever - to support its 47 million connections.

Pure Storage Enables Virgin Media O2 to Boost Customer Satisfaction, Drive Significant Sustainability Savings

MOUNTAIN VIEW, Calif. , May 10, 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, May 31 at 2:00 p.m.

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

Samsara

The government debt ceiling. April's consumer price index (CPI) reading.

3 Attractive Mid-Cap Tech Stocks Getting Set to Report

Ninety percent of IT buyers state that the pressure of their digital transformation agenda led them to buy technology their infrastructure could not support MOUNTAIN VIEW, Calif. , May 9, 2023 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, in partnership with Wakefield Research, released a new report identifying the obstacles organizations across industries face in today's digital economy while on the path to modernization, and the investment priorities they are focused on to support business growth.

New Pure Storage Survey Underscores Importance of IT Modernization to Support New Technology Initiatives

MOUNTAIN VIEW, Calif. , May 3, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that Cumulus VFX, a premium VFX provider, is leveraging FlashBlade®, Pure Storage's unified fast file and object platform, to manage ever-growing data demands, achieve enhanced security, and minimize the environmental impact of its data center - all supporting the company's growth into a leading global VFX provider.

Pure Storage Enables Cumulus VFX to Tame Explosive Data Growth, Enhance Data Security, and Minimize Data Center Footprint in Support of Long-Term Growth

With Portworx Data Services, enterprises can accelerate time to value for applications built by developers using MongoDB MOUNTAIN VIEW, Calif. , May 2, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced a new partnership between Portworx® by Pure Storage and MongoDB.

Portworx by Pure Storage Announces Partnership with MongoDB to Unlock a Consistent Developer Experience for All Data Services

NEW YORK , April 26, 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 East Coast sales headquarters in New York City to further leverage the area's diverse workforce and cross-industry innovation, and ultimately fuel continued customer growth. Throughout the last year, Pure Storage saw increased customer adoption across key markets, contributing to its latest milestone of reaching over 11,000 customers globally.

Pure Storage Accelerates Growth with New East Coast Sales Headquarters in New York City

Pure Storage (PSTG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -6.66% in 4 Weeks, Here's Why You Should You Buy the Dip in Pure Storage (PSTG)

New global storage pools, unified policy management, and the industry's first VM-aware storage management capabilities enable FlashArray customers to lower their storage TCO by up to 58% MOUNTAIN VIEW, Calif. , April 26, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced the general availability of File Services for FlashArray™, a storage service enabling organizations to access native block and file services from a single, global pool of storage resources.

Pure Storage Delivers the First and Only Native, Unified Block and File Experience Purpose-Built for Flash Storage

Pure Storage's portfolio enables EV Group to reduce storage management and maintenance time by 90% and reduce energy consumption by 85% MOUNTAIN VIEW, Calif. , April 19, 2023 /PRNewswire/ -- Pure Storage®, (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that EV Group (EVG), a leading provider of production systems and process solutions for wafer processing in the semiconductor industry, microsystems technology and nanotechnology, has selected the Pure Storage portfolio - including Pure Storage FlashArray™, Evergreen//Forever™ and Pure1® - to bring new solutions to market faster and compete on a global scale.

Pure Storage Helps EV Group Bring Products to Market Faster and Continue to Grow Rapidly with Modern Storage Technology

PSTG's revenue growth is likely to be affected by the macro and enterprise IT spend slowdown, resulting in elongated sales cycles and increased deal scrutiny. However, the company's energy-efficient products and subscription offerings are expected to drive market share gains amidst the downturn.

Pure Storage: The Dip Presents A Good Entry Point

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

Pure Storage (PSTG) Up 1.3% Since Last Earnings Report: Can It Continue?

Pure Storage helps companies deal with the enormous amount of data they collect every day thanks to its cutting-edge solutions which permit faster accessibility of data, higher hardware reliability. Since Pure Storage went public, its revenues expanded 14 folds, managing to turn profitable in 2023. However, looking ahead to the future, the management expects to see significantly lower growth.

Pure Storage: A Buy Despite Lower Growth Rates Ahead

Pure Storage's (PSTG) FlashBlade will help AGRF to improve metadata performance and storage capacity and optimize its end-to-end sequencing pipeline.

Pure Storage's (PSTG) FlashBlade Augments ARGF Efficiency

MOUNTAIN VIEW, Calif. , March 21, 2023 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced that the Australian Genome Research Facility (AGRF), Australia's largest provider of genomics services and solutions, is leveraging FlashBlade®, Pure Storage's unified fast file and object (UFFO) storage solution, to speed data performance and reduce genomic pipeline turnaround times for global clients.

News for Pure Storage Stock (PSTG)