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Pure Storage (PSTG)
NYSE:PSTG
Earnings Data
Report Date
Aug 27, 2025TBA Not Confirmed
Period Ending
2026 (Q2)Consensus EPS Forecast
0.39Last Year’s EPS
0.44Same Quarter Last Year
Strong Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 28, 2025
|% Change Since: -0.98%
|Next Earnings Date:Aug 27, 2025
Earnings Call Sentiment|Positive
Pure Storage reported strong revenue growth and significant advancements in product offerings and partnerships. While there is macroeconomic uncertainty and a leadership change with the departure of the CFO, the company's performance and strategic initiatives suggest optimism for future growth.Company Guidance
During the Pure Storage First Quarter Fiscal 2026 Financial Results Conference Call, the company provided guidance reflecting confidence in its growth trajectory despite macroeconomic uncertainties. The guidance reiterated expectations for the fiscal year with revenue anticipated to rise 10.6% year-over-year in Q2 to $845 million, and operating profit predicted to be $125 million with a margin of 14.8%. For the full fiscal year, Pure Storage maintained its revenue and operating margin outlook, underscoring its solid start with a Q1 revenue increase of 12% and an operating profit of $83 million, achieving an operating margin of 10.6%. Subscription services delivered strong performance with $406 million in revenue, a 17% increase year-over-year, while total remaining performance obligations grew 17% to $2.7 billion, indicating robust customer commitments. The company highlighted the successful adoption of its Evergreen//One and Evergreen//Forever offerings, alongside its strategic product innovations like FlashBlade//EXA and Fusion 2.0, which are expected to drive future growth and market share expansion.Double-Digit Revenue Growth
Pure Storage reported a 12% year-over-year increase in revenue for Q1 FY2026, demonstrating solid performance despite a dynamic macroeconomic environment.
Strong Growth in Subscription Services
Subscription services revenue grew 17% to $406 million, representing over half of the total revenue, and Annual Recurring Revenue (ARR) grew 18% to $1.7 billion.
Evergreen//One and Evergreen//Forever Sales
The company saw very strong sales in its storage-as-a-service offerings, with Q1 TCV sales jumping 70% to $95 million.
Launch of FlashBlade//EXA
Pure Storage launched FlashBlade//EXA, expected to be the industry's highest performing storage platform for AI and high-performance computing.
New Partnership with Nutanix
A major agreement with Nutanix was announced to integrate the Nutanix Cloud Platform with Pure Storage, providing a high-performance virtualized environment.
Expansion of Hyperscale Collaboration
The hyperscale collaboration with Meta continues to advance, with production validation testing on schedule and strong progress in certifying solutions.
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 |
|---|---|---|---|
May 28, 2025 | $55.14 | $53.64 | -2.72% |
Feb 26, 2025 | $62.44 | $53.20 | -14.80% |
Dec 03, 2024 | $53.54 | $65.35 | +22.06% |
Aug 28, 2024 | $59.76 | $50.32 | -15.80% |
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 (PSTG) report earnings?
Pure Storage (PSTG) is schdueled to report earning on Aug 27, 2025, TBA Not Confirmed.
What is Pure Storage (PSTG) earnings time?
Pure Storage (PSTG) earnings time is at Aug 27, 2025, TBA Not 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 2026 (Q2) is 0.39.
