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 -

Q1 2026

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.

Pure Storage (PSTG) Earnings, Revenues Date & History

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PSTG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 27, 2025	2026 (Q2)	0.39 / -	0.44	―	―	―
May 28, 2025	2026 (Q1)	0.25 / 0.29	0.32	-9.38% (-0.03)
Feb 26, 2025	2025 (Q4)	0.41 / 0.45	0.5	-10.00% (-0.05)
Dec 03, 2024	2025 (Q3)	0.41 / 0.50	0.5	0.00% (0.00)
Aug 28, 2024	2025 (Q2)	0.37 / 0.44	0.34	29.41% (+0.10)
May 29, 2024	2025 (Q1)	0.21 / 0.32	0.08	300.00% (+0.24)
Feb 28, 2024	2024 (Q4)	0.44 / 0.50	0.53	-5.66% (-0.03)
Nov 29, 2023	2024 (Q3)	0.40 / 0.50	0.31	61.29% (+0.19)
Aug 30, 2023	2024 (Q2)	0.28 / 0.34	0.32	6.25% (+0.02)
May 31, 2023	2024 (Q1)	0.04 / 0.08	0.25	-68.00% (-0.17)

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.