Revenue segments as reported by the company.

Product

Subscription services

Revenue Segments

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

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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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Year over year growth in Revenue and Operating Expenses.

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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

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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.

Pure Storage (PSTG) reports robust Q3 earnings and secures major hyperscaler win

Pure Storage's Q3 performance exceeded expectations, with strong revenue, operating profit, and growth in Storage-as-a-Service offerings. The company's strengths lie in securing a major hyperscaler design win, expanding flash technology, and focusing on AI opportunities. Challenges include scaling operations for hyperscale opportunities and managing increased investments. However, Pure Storage is well-positioned for future growth and innovation, with opportunities for revenue expansion and market leadership.

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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.

Pure Storage (PSTG) benefits from strong sales momentum, owing to steady demand for its product portfolio amid soft macroeconomic conditions.

Pure Storage (PSTG) Soars 108% in a Year: Will the Rally Last?

SANTA CLARA, Calif. , March 18, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced new validated reference architectures for running generative AI use cases, including a new NVIDIA OVX-ready validated reference architecture.

Pure Storage Accelerates Enterprise AI Adoption to Meet Growing Demands with NVIDIA AI

Data Storage Corp

Micron Technology

AI utilizes powerful computers scanning vast amounts of data to draw conclusions or answer human's questions efficiently. Consequently, data storage companies will benefit tremendously from the proliferation of AI.

3 Storage Stocks Poised to Capitalize on the Data Explosion

The next-generation storage specialist has proven to be a very effective competitor, says a pundit tracking its fortunes. That market expert recently initiated coverage on the shares.

1 Wall Street Analyst Thinks PureStorage Stock Is Going to $66. Is It a buy Around $55?

SANTA CLARA, Calif. , March 12, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced that Empresas Berríos, the largest furniture store in Puerto Rico and the biggest distribution center in Central America, is leveraging Pure Storage's portfolio to achieve scalability and drive business growth, while advancing service innovation for its customers.

Pure Storage Enables Puerto Rico's Largest Furniture Retailer to Drive Service Innovation, While Cutting IT Costs

Latest platform enhancements empower customers with more control over their data storage environment via a single management layer, simplifying end-to-end operations SANTA CLARA, Calif. , March 5, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, today announced new self-service capabilities across its Pure1® storage management platform and Evergreen® portfolio as it delivers on its commitment to provide comprehensive, valuable software-based solutions, all via a single platform experience, to global customers.

Pure Storage Delivers New Self-Service Storage Management Capabilities to Drive Enhanced Services Experience for Global Customers

Super Micro Computer

Celsius Holdings

Carlyle Group

Carlisle Companies

Deckers Outdoor

Erie Indemnity

Hyatt Hotels

Lennox International

Reliance Steel & Aluminum

Vistra Energy

Westlake Chemical

What happens when a "midsize" company like Super Micro Computer becomes worth $62 billion? It graduates to the S&P 500 big leagues — clearing room for new midcap giants.

10 Midsize Stocks Take Over Super Micro's Lofty Perch

NVIDIA

Pure Storage Inc. NYSE: PSTG is an enterprise flash data storage solutions provider in the Computer and Technology sector benefitting from the artificial intelligence (AI) boom. AI applications require high-powered GPUs currently dominated by Nvidia Co. NASDAQ: NVDA and massive data storage capacity, which Pure Storage offers through its FlashBlade flash array storage systems.

Pure Storage and Nvidia Proves AI-Ready Infrastructure Reigns

Pure Storage's stock has surged over 50% this year, driven by enthusiasm over a large subscription deal for its Evergreen//One product. The company expects growth to accelerate in FY25, a rarity for a mature tech company, with revenue expectations of $3.1 billion representing ~11% y/y growth. Pure Storage's transition into a subscription company, its large total addressable market, and its focus on enterprise clients are the main reasons to stay long on the company.

Pure Storage: Finally Getting Its Moment In The Sun

Investors didn't mind that both the top and bottom line sagged in the fourth quarter of fiscal 2024. Yet the headline figures still convincingly beat analyst estimates.

Why PureStorage Stock Rocketed 25% Higher Today

Updates Will Enhance Partner Experience to Drive Partner Empowerment, Scale, and Preference SANTA CLARA, Calif. , Feb. 29, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced significant updates to its robust partner program, delivering heightened value and performance to partners, tailored to their unique business models.

Pure Storage Unveils Strategic Evolution of its Partner Program, Built for the Subscription Economy

Pure Storage's (PSTG) fiscal fourth-quarter performance benefits from strong uptake of subscription-based offerings.

Pure Storage (PSTG) Q4 Earnings & Revenues Surpass Estimates

Pure Storage, Inc. (PSTG) Q4 2024 Earnings Call Transcript

The headline numbers for Pure Storage (PSTG) give insight into how the company performed in the quarter ended January 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About Pure Storage (PSTG) Q4 Earnings

Pure Storage (PSTG) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.53 per share a year ago.

Pure Storage (PSTG) Q4 Earnings and Revenues Beat Estimates

Pure Storage stock jumped late Wednesday, after the enterprise data storage company reported Q4 earnings that topped views.

Pure Storage Posts Better-Than-Expected Q4 Earnings, Sales

FY24 TCV sales growth of Evergreen//One and Evergreen//Flex offerings exceeding 100% Q4 RPO growing 31% year-over-year SANTA CLARA, Calif. , Feb. 28, 2024 /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 fiscal fourth quarter and full year 2024 ended February 4, 2024.

Pure Storage Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results

Pure Storage (PSTG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Pure Storage (PSTG) Might Surprise This Earnings Season

Pure Storage's (PSTG) fourth-quarter performance is likely to have been affected by a delay in the fulfillment of a $41 million non-cancelable product order until next year with a Telco customer.

Pure Storage (PSTG) to Report Q4 Earnings: What's in Store?

Evaluate the expected performance of Pure Storage (PSTG) for the quarter ended January 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Exploring Analyst Estimates for Pure Storage (PSTG) Q4 Earnings, Beyond Revenue and EPS

A Wall Street analyst boosted the price target on Pure Storage, but the move requires context. However, the analyst also believes consensus estimates may be too low, giving the company the opportunity to beat expectations.

Why Pure Storage Stock Rallied on Thursday

C3.ai

MongoDB

Snowflake

A top name in tech saw its share price slump; many others followed. Investors are particularly worried about that stock's quarterly results, which are to be published on Wednesday.

Why AI and Specialty Tech Stocks Tumbled Today

NetApp

Western Digital

Momentum in cloud computing, IoT, auto, connected devices and AI is likely to favor the prospects of the Zacks Computer - Storage Devices industry players like SMCI, NTAP, WDC and PSTG amid macroeconomic headwinds.

4 Storage Devices Stocks to Watch in a Flourishing Industry

Alphabet

High-profile tech companies, including Google and Pure Storage, have decided to conduct a fresh round of Bay Area job cuts that will affect hundreds of jobs in the region, state records show.

Pure Storage, Google trim Bay Area jobs in widening tech industry cuts

Pure Storage (NYSE:PSTG) layoffs are in the news Friday on reports that the data storage technologies company is cutting 4% of its workforce. These reports claim that the Pure Storage layoffs will see around 275 employees lose their jobs.

News for Pure Storage Stock (PSTG)