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.