Pure Storage Reports Strong Q3 2026 Results

Pure Storage Inc. ( (PSTG) ) has released its Q3 earnings. Here is a breakdown of the information Pure Storage Inc. presented to its investors.

Pure Storage Inc., a leader in advanced data storage technologies, provides solutions for data management across various environments, including on-premises and cloud, with a focus on AI and analytics. In its third quarter of fiscal 2026, Pure Storage reported a robust financial performance with a 16% year-over-year increase in total revenue, reaching $964.5 million. The company also raised its full-year revenue and operating profit guidance, reflecting strong market demand and strategic growth initiatives.

Key financial metrics for the quarter included a subscription services revenue of $429.7 million, a 14% increase from the previous year, and a subscription annual recurring revenue of $1.8 billion, up 17%. The company’s non-GAAP operating income stood at $196.2 million, with a non-GAAP operating margin of 20.3%. Additionally, Pure Storage returned approximately $53 million to shareholders through share repurchases.

Strategically, Pure Storage expanded its Enterprise Data Cloud into the public cloud with the introduction of Pure Storage Cloud Azure Native, developed in collaboration with Microsoft. The company also advanced its intelligent control plane with the expansion of Pure1 AI Copilot and integrated cybersecurity measures to enhance data protection.

Looking ahead, Pure Storage’s management remains optimistic about sustaining growth momentum, with plans to invest further in research and development, as well as sales and marketing, to capture additional growth opportunities. The company’s guidance for the fourth quarter and fiscal year 2026 reflects continued confidence in its strategic direction and market position.