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Pure Storage, Inc.

Pure Storage, Inc.

NYSE•PSTG
CEO: Mr. Charles H. Giancarlo
Sector: Technology
Industry: Computer Hardware
Listing Date: 2015-10-06
Pure Storage, Inc. engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. The company also provides FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; and FlashBlade integrated hardware systems comprising FlashBlade//S and FlashBlade//E for managing and processing unstructured data workloads of various types from real-time log analytics and commercial high-performance computing (HPC) to data protection and recovery. In addition, it offers cloud-native storage solutions, such as Portworx by Pure Storage, a cloud-native Kubernetes data management solution; and Portworx Data Services, a Database-as-a-Service platform for Kubernetes. Further, the company provides Pure Fusion, a Software-as-a-Service (SaaS) management plane, which enables storage administrators to unify storage arrays and optimize storage pools; Evergreen Architecture comprising Pure1, an AI-driven cloud-based management platform, as well as Evergreen//One and Evergreen//Flex data storage solutions; and Cloud Block Store, a virtual block storage array, that provides customers the flexibility to operate a hybrid cloud model with seamless data mobility across on-premises and public cloud environments. It sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Santa Clara, California.
Contact Information
2555 Augustine Drive, Santa Clara, CA, 95054, United States
800-379-7873
www.purestorage.com
Market Cap
$27.67B
P/E (TTM)
199.1
48.6
Dividend Yield
--
52W High
$100.59
52W Low
$34.51
52W Range
76%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2026 Data

Revenue

$861.00M+12.73%
4-Quarter Trend

EPS

$0.14+27.27%
4-Quarter Trend

FCF

$150.13M-9.87%
4-Quarter Trend

2026 Q2 Earnings Highlights

Key Highlights

Total Revenue Increased 13% Total revenue reached $861.0M in Q2 2026, marking a 13% increase over Q2 2025; YTD revenue grew 13% to $1.64B.
Net Income Significantly Improved Q2 Net Income was $47.1M in 2026, a substantial rise from $35.7M in 2025; YTD net income reached $33.1M versus $0.665M.
Subscription ARR Growth Slows Subscription ARR grew 18% year-over-year to $1.785B; growth rate declined from 24% previously due to lower TCV sales.
New Credit Facility Established Entered new five-year, $500.0M senior unsecured revolving Credit Facility in June 2025, replacing the prior $300.0M facility.

Risk Factors

Product Gross Margin Pressures Product gross margin decreased due to higher QLC component costs; expected to improve as QLC pricing moderates later in the year.
Macroeconomic Demand Uncertainty Operations and performance depend on global economic health; inflation and geopolitical events create uncertainty affecting customer demand and budgets.
Hyperscaler Sales Uncertainty Devoting significant resources to hyperscaler solutions; design win secured but revenue contribution is not guaranteed until fiscal 2027.
Long Sales Cycles Risk Sales cycles remain long and unpredictable, especially during economic slowdowns, making it difficult to forecast future sales volumes accurately.

Outlook

Launching Enterprise Data Cloud Introduced Enterprise Data Cloud (EDC) architecture in June 2025, abstracting infrastructure to prioritize customer business outcomes.
Next-Gen Product Rollout Unveiled next-generation storage products including FlashArray//XL, //ST, and FlashBlade//S for high-performance workloads.
Scaling for Hyperscale Deployment Key incremental R&D investments focus on scaling supply chain to support expected large production deployments starting in fiscal 2027.
Capital Resources Sufficient Existing cash, securities, and new $500.0M credit facility expected to fund operating and capital needs for at least the next 12 months.

Peer Comparison

Revenue (TTM)

HP Inc.HPQ
$54.71B
+2.6%
Telefonaktiebolaget LM Ericsson (publ)ERIC
$23.49B
-2.2%
Nokia OyjNOK
$21.80B
+5.9%

Gross Margin (Latest Quarter)

NetApp, Inc.NTAP
70.5%
-0.7 pp
Pure Storage, Inc.PSTG
70.2%
-0.5 pp
Telefonaktiebolaget LM Ericsson (publ)ERIC
48.1%
+1.8 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WDC$54.81B21.334.8%32.6%
NOK$36.20B27.15.8%11.3%
CLS$35.76B51.338.5%11.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+1.2%
Moderate Growth
4Q Net Income CAGR
-9.5%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q2 2026

    Period End: Aug 3, 2025|Filed: Sep 10, 2025|
    Revenue: $861.00M+12.7%
    |
    EPS: $0.14+27.3%
    Miss
  • Form 10-Q - Q1 2026

    Period End: May 4, 2025|Filed: Jun 11, 2025|
    Revenue: $778.49M+12.3%
    |
    EPS: $-0.04-63.6%
    Miss
  • Form 10-K - FY 2025

    Period End: Feb 2, 2025|Filed: Mar 27, 2025|
    Revenue: $3.17B+11.9%
    |
    EPS: $0.33+65.0%
    Miss
  • Form 10-Q - Q3 2025

    Period End: Nov 3, 2024|Filed: Dec 12, 2024|
    Revenue: $831.07M+8.9%
    |
    EPS: $0.19-13.6%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Aug 4, 2024|Filed: Sep 11, 2024|
    Revenue: $763.77M+10.9%
    |
    EPS: $0.11-578.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: May 5, 2024|Filed: Jun 13, 2024|
    Revenue: $693.48M+17.7%
    |
    EPS: $-0.11-50.0%
    Miss
  • Form 10-K - FY 2024

    Period End: Feb 4, 2024|Filed: Apr 1, 2024|
    Revenue: $2.83B+2.8%
    |
    EPS: $0.20-16.7%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Nov 5, 2023|Filed: Dec 15, 2023|
    Revenue: $762.84M+12.8%
    |
    EPS: $0.22-8561.5%
    Miss