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Pure Storage Inc. (PSTG)
NYSE:PSTG
Earnings Data
Report Date
Jun 03, 2026After Close (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0.4Last Year’s EPS
0.29Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: record quarterly revenue, broad-based product and subscription growth, improved margins, large-deal momentum, solid cash generation, industry-leading NPS, early traction for new EXA product and a strategic acquisition to broaden AI/data capabilities. The main risks are short-term: rapid component cost inflation, supply-chain volatility, temporary margin pressure (Q1), hyperscaler revenue timing uncertainty, and modest near-term dilution from the 1touch acquisition. Overall, the positives in growth, profitability and strategic positioning materially outweigh the near-term headwinds.Company Guidance
Record Q4 and FY '26 Revenue Growth
Q4 revenue surpassed $1.0 billion for the first time (first billion-dollar quarter) and grew ~20% year-over-year; fiscal year 2026 revenue reached $3.7 billion, up 16% year-over-year.
Strong Product and Subscription Performance
Q4 product revenue was $618 million, up 25% year-over-year; fiscal year product revenue was $1.97 billion, up 16% year-over-year. Q4 subscription revenue was $440 million, up 14% YoY; fiscal year subscription revenue was $1.69 billion, up 15% YoY. ARR grew 16% to $1.9 billion.
Robust Profitability and Margins
Q4 operating profit was $226 million with an operating margin of 21.3%; fiscal year operating profit was $635 million (17.3% margin). Q4 total gross margin was 71.4%, subscription services margin 77%, and product gross margin 67.3% (improvement of ~400 basis points YoY).
Record Contract and Large Deal Momentum
Q4 Total Contract Value (TCV) for Storage-as-a-Service grew 28% YoY to $179 million; fiscal year TCV grew 32% to $520 million. Deals over $5 million grew 80% YoY and RPO accelerated 40% in Q4 (subscription-related RPO +34% exiting Q4).
Cash Generation and Capital Discipline
Cash and investments exceeded $1.5 billion at year end; operating cash flow was $268 million in Q4 and $880 million for the year. Free cash flow was $201 million in Q4 and $616 million for the year. Share repurchases totaled $343 million for FY '26.
Product Innovation and Early Market Traction
FlashBlade//EXA achieved industry-leading MLPerf and SPECstorage AI Image results and secured initial EXA customer orders with follow-on shipments; company reports advanced-stage discussions with dozens more EXA prospects.
Strategic Move into Data Intelligence
Announced definitive agreement to acquire 1touch to add data discovery, classification and governance capabilities to Purity and the Enterprise Data Cloud strategy, accelerating the company’s shift toward AI-ready data management.
Customer Loyalty and Scale
Net Promoter Score of 84 for calendar 2025 (industry-leading); customer base expanded by over 1,100 in FY '26 to more than 14,500 customers; Fortune 500 penetration at 64%.
Confident FY '27 Financial Guidance
FY '27 revenue guidance of $4.3–$4.4 billion (approx. +18.8% YoY at midpoint); FY '27 operating profit guidance of $780–$820 million (approx. +26% YoY at midpoint). Q1 FY '27 revenue guidance $990M–$1.01B (~+28% YoY at midpoint) and Q1 operating profit guidance ~$125M–$135M (~+57% YoY at midpoint).
PSTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PSTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $73.56 | $65.98 | -10.30% |
Dec 02, 2025 | $94.72 | $68.85 | -27.31% |
Aug 27, 2025 | $60.86 | $80.54 | +32.34% |
May 28, 2025 | $55.14 | $53.64 | -2.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pure Storage Inc. (PSTG) report earnings?
Pure Storage Inc. (PSTG) is schdueled to report earning on Jun 03, 2026, After Close (Confirmed).
What is Pure Storage Inc. (PSTG) earnings time?
Pure Storage Inc. (PSTG) earnings time is at Jun 03, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PSTG EPS forecast?
PSTG EPS forecast for the fiscal quarter 2027 (Q1) is 0.4.
