The earnings call presented a positive outlook with significant achievements such as a hyperscaler design win and strong revenue growth. However, challenges like muted IT spending and margin pressures were also acknowledged.

Company Guidance

In the third quarter fiscal year 2025 earnings call, Pure Storage announced impressive financial results, surpassing their guidance with $831 million in revenue, marking a 9% year-over-year increase, and an operating income of $167 million, reflecting a 20.1% operating margin. The company reported a robust subscription services annual recurring revenue (ARR) growth of 22%, reaching $1.57 billion. Meanwhile, total contract value (TCV) sales for their Storage-as-a-Service offerings hit $96 million in Q3, totaling $253 million for the first nine months of FY '25. Pure Storage also highlighted a significant design win with a top 4 hyperscaler, expected to drive substantial revenue growth starting in FY '27. Looking ahead, Pure Storage raised its fiscal year 2025 revenue expectations to $3.15 billion, representing an approximate growth of 11.5% year-over-year, while maintaining an operating margin guidance of 17%.

Solid Third Quarter Results

Pure Storage delivered solid third quarter results with revenues of $831 million, growing 9% year-over-year, and operating income exceeded guidance with strong operating profits of $167 million.

Hyperscaler Design Win

Pure Storage secured a significant design win with a top 4 hyperscaler, marking the first-ever design win to provide flash for standard hyperscaler storage. This win is expected to lead to double-digit exabytes of deployments by calendar 2026.

Strategic Partnership with Kioxia

Pure Storage announced a deepening collaboration with Kioxia, a global leader in NAND flash technology, to support the expected increase in flash demand for the hyperscale industry.

Advancements in AI Solutions

Pure Storage became officially certified for the NVIDIA DGX SuperPOD architecture and signed a strategic investment with CoreWeave, expanding Pure's reach in AI infrastructure.

Strong Subscription Growth

Subscription services annual recurring revenue (ARR) grew 22% to $1.57 billion, with total remaining performance obligations (RPO) growing 16% year-over-year to $2.4 billion.

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Pure Storage (PSTG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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PSTG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 21, 2018	2019 (Q2)	- / 0.01	-0.11	109.09% (+0.12)	―	―
Nov 19, 2018	2019 (Q3)	- / 0.13	-0.01	1400.00% (+0.14)	―	―
Feb 28, 2019	2019 (Q4)	- / 0.14	0.13	7.69% (+0.01)	―	―
May 21, 2019	2020 (Q1)	- / -0.11	-0.07	-57.14% (-0.04)	―	―
Aug 21, 2019	2020 (Q2)	- / 0.01	0.01	0.00% (0.00)	―	―
Nov 21, 2019	2020 (Q3)	- / 0.13	0.13	0.00% (0.00)	―	―
Feb 27, 2020	2020 (Q4)	- / 0.23	0.14	64.29% (+0.09)	―	―
May 28, 2020	2021 (Q1)	- / -0.02	-0.11	81.82% (+0.09)	―	―
Aug 25, 2020	2021 (Q2)	- / 0.06	0.01	500.00% (+0.05)	―	―
Nov 24, 2020	2021 (Q3)	- / 0.01	0.13	-92.31% (-0.12)	―	―

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

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PSTG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 03, 2024	$53.54	$65.35	+22.06%
Aug 28, 2024	$59.76	$50.32	-15.80%
May 29, 2024	$63.00	$63.25	+0.40%
Feb 28, 2024	$42.12	$52.65	+25.00%

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.

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