Core Insights - Pure Storage (PSTG) reported second-quarter fiscal 2026 non-GAAP earnings per share (EPS) of 43 cents, exceeding the Zacks Consensus Estimate by 10.3% and slightly down from 44 cents in the prior-year quarter [1][8] - Quarterly revenues increased by 13% year-over-year to $861 million, surpassing both the Zacks Consensus Estimate by 1.8% and management's guidance of $845 million, driven by strong demand from large enterprises and growth in FlashBlade and core software offerings [2][8] Financial Performance - PSTG's product revenues, which accounted for 51.8% of total revenues, reached $446.3 million, reflecting a 10.6% year-over-year increase, while subscription services revenues (48.2%) rose by 14.8% to $414.7 million [5] - Subscription annual recurring revenues (ARR) were nearly $1.8 billion, marking an 18% increase year-over-year [6] - Non-GAAP operating income is forecasted between $605 million and $625 million, indicating about 10% year-over-year growth at the midpoint, which is an improvement from prior guidance [3][4] Guidance and Market Response - For fiscal 2026, PSTG expects revenues in the range of $3.6 billion to $3.63 billion, suggesting a 14% year-over-year growth at the midpoint, which is an increase from the previously guided 11% growth [3][4] - Following the strong quarterly performance and positive guidance, PSTG shares jumped 15% in pre-market trading, with a 21% increase over the past year compared to the industry growth of 7.1% [4] Margin and Cash Flow - The non-GAAP gross margin was reported at 72.1%, slightly down from 72.8% in the prior-year quarter, while the non-GAAP operating margin decreased to 15.1% from 18.1% year-over-year [10][11] - Cash flow from operations for the quarter was $212.2 million, down from $226.6 million in the prior-year quarter, with free cash flow at $150.1 million compared to $166.6 million [12] Shareholder Returns and Obligations - In the fiscal second quarter, the company returned $42 million to shareholders through share repurchases, with $109 million remaining under its current authorization plan [13] - Remaining performance obligations totaled $2.8 billion, reflecting a 22% year-over-year increase [13] Future Outlook - For fiscal Q3, PSTG anticipates revenues in the range of $950 million to $960 million, indicating a 15% increase at the midpoint from the previous year, with non-GAAP operating income expected to be between $185 million and $195 million [14]

该公司上调2026财年销售指引至36亿美元至36.3亿美元，原指引35.15亿美元，并预计第三季度销售额 9.50亿至9.60亿美元，超出预期的9.131亿美元。 周四，Pure Storage(PSTG.US)暴涨近30%，创历史新高，报78.41美元。消息面上，该公司8月27日发布 2026财年第二季度财报，收入8.61亿美元同比增长13%，超出分析师预期的8.468亿美元，每股收益0.43 美元超出预期的0.39美元。公司主营业务中订阅服务收入4.147亿美元同比增长15%，订阅年度经常性收 入达18亿美元同比增长18%，推动整体毛利率达72.1%。 ...

智通财经APP获悉，周四，Pure Storage(PSTG.US)暴涨近30%，创历史新高，报78.41美元。消息面上， 该公司8月27日发布2026财年第二季度财报，收入8.61亿美元同比增长13%，超出分析师预期的8.468亿 美元，每股收益0.43美元超出预期的0.39美元。公司主营业务中订阅服务收入4.147亿美元同比增长 15%，订阅年度经常性收入达18亿美元同比增长18%，推动整体毛利率达72.1%。 该公司上调2026财年销售指引至36亿美元至36.3亿美元，原指引35.15亿美元，并预计第三季度销售额 9.50亿至9.60亿美元，超出预期的9.131亿美元。 ...

Pure Storage (PSTG) Q2 2026 Earnings Call August 27, 2025 05:00 PM ET Company ParticipantsPaul Ziots - VP - IRCharles Giancarlo - Chairman & CEOTarek Robbiati - CFOAmit Daryanani - Senior MD - Equity ResearchJason Ader - Co-Group Head - Technology, Media & CommunicationsEddy Orabi - Vice PresidentRob Lee - Chief Technology OfficerSimon Leopold - Managing DirectorErik Woodring - MD - Equity ResearchRuplu Bhattacharya - DirectorAsiya Merchant - Technology Equity ResearchDavid Vogt - Managing DirectorConferenc ...

Financial Data and Key Metrics Changes - Revenue for Q2 FY 2026 was $861 million, representing a 13% year-over-year growth [20] - Operating profit was $130 million, resulting in an operating margin of 15.1% [20] - Subscription services revenue reached $415 million, up 15% year-over-year, accounting for 48% of total revenue [25] - Total remaining performance obligations (RPO) grew 22% to $2.8 billion [25] - Free cash flow was $150 million, with a free cash flow margin of 17.4% [28] Business Line Data and Key Metrics Changes - Strong performance in FlashBlade and core software and services offerings, including Evergreen One, Cloud Block Store, and Portworx [20][6] - TCV sales for Storage as a Service offerings grew 24% year-over-year to $125 million [23] - Product gross margin rose to 68%, aligning with long-term expectations [26] Market Data and Key Metrics Changes - U.S. revenue was $577 million, growing 7%, while international revenue was $284 million, growing 26% year-over-year [26] - The company added over 300 new customers, maintaining a 62% penetration of the Fortune 500 [26] Company Strategy and Development Direction - The company is focused on the enterprise data cloud architecture, which transforms data management for organizations [9][13] - Continued emphasis on modernizing IT environments, including partnerships with hyperscalers and financial institutions [11][15] - The introduction of a guidance range for financial metrics to align with industry practices and allow flexibility for growth opportunities [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's momentum and the macroeconomic environment, indicating a positive outlook for the second half of the fiscal year [36][110] - The company anticipates revenue growth of 14% year-over-year for FY 2026, with Q3 revenue expected to be between $950 million and $960 million [29][30] Other Important Information - The company recognized its first revenue from a strategic co-engineering effort with Meta during Q2 [24] - The balance sheet remains strong with $1.5 billion in cash and investments [27] Q&A Session Summary Question: What is driving the acceleration of growth in the back half of the fiscal year? - Management noted broad-based strength in product lines and improved visibility into the pipeline, contributing to confidence in forecasts [35] Question: How has the relationship with Meta evolved? - The relationship is progressing as expected, with revenue recognition beginning and confidence in achieving the forecasted deployment of one to two exabytes [40][42] Question: How much of the gross margin improvement was due to Meta shipments? - Management indicated that while Meta contributed to gross margin improvement, the majority came from product and revenue mix, as well as pricing discipline [48] Question: What are the expectations for the partnership with Nutanix? - The partnership is generating strong customer interest, with plans for general availability by the end of the year [57] Question: How are early engagements with other hyperscalers progressing? - Engagements are progressing well, with technology assessments and proofs of concept underway, but still in early stages [62] Question: What are the demand drivers observed in the quarter? - Demand was steady with above-average linearity, indicating strong macro and competitive environments, along with an increasing willingness from customers to expand their needs [110]

Q2 Fiscal 2026 Financial Results August 27, 2025 This presentation contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity relating to hyperscale and AI environments, our ability to meet hyperscalers' performance and price requirements, our ability to expand with our current hyperscale customer and to land new hyperscale customers, our ability to meet the needs of hyperscalers for the entire spectrum of their onl ...

Exhibit 99.1 • A New Architectural Approach for Data & Storage Management ◦ Introduced the Enterprise Data Cloud (EDC), an industry-changing architecture that transforms how organizations store and manage their data. Enabled by Pure Fusion, EDC sets a new standard for simplicity in intelligent and autonomous data and storage management, enabling organizations to prioritize business outcomes by abstracting away infrastructure. • Accelerating Innovation with Next-Generation Products ◦ Expanded Pure Storage's ...

Group 1 - Pure Storage (NYSE:PSTG) is expected to announce Q2 FY'26 earnings on August 27, 2025, with earnings anticipated at $0.39 per share and revenues projected to increase by 11% to $846 million, driven by strong demand for its data-storage solutions [2][3] - The company reported a total revenue of $3.3 billion over the past twelve months, achieving operational profitability with $96 million in operating profits and a net income of $128 million [3] - The total contract value for Storage-as-a-Service solutions surged 70% to $95 million in Q1, indicating significant customer acquisitions and smaller agreements [2] Group 2 - Historical data shows that Pure Storage has had 20 earnings data points over the last five years, with 11 positive and 9 negative one-day post-earnings returns, resulting in a 55% rate of positive returns [6] - The median of the 11 positive returns stands at 13%, while the median of the 9 negative returns is -10% [6] - Analyzing the correlation between short-term and medium-term returns post-earnings can help traders position themselves effectively, particularly if 1D and 5D returns show strong correlation [7]

Core Insights - Pure Storage, Inc. (PSTG) is set to report its second-quarter fiscal 2026 results on August 27, 2025, with earnings expected to decline by 11.4% year-over-year to 39 cents per share, while total revenues are projected to grow by 10.7% to $845.8 million [1][2]. Financial Performance - For the fiscal second quarter, Pure Storage anticipates revenues of $845 million, reflecting a 10.6% increase from the previous year, with non-GAAP operating income expected to be $125 million and a non-GAAP operating margin of 14.8% [2]. - The company has achieved a trailing four-quarter earnings surprise of 13.8%, consistently beating estimates, including a 16% surprise in the last reported quarter [2]. Market Dynamics - Increased demand for AI and virtualization storage, along with strong progress in hyperscale partnerships, is expected to positively impact PSTG's performance amid macroeconomic volatility [3]. - The company continues to see robust demand for its data-storage solutions, particularly the //E family and Storage-as-a-Service offerings [3]. Subscription Services - Subscription services are a significant growth driver, with revenues from this segment rising 17% to $406.3 million in the last quarter. For the upcoming quarter, subscription revenues are expected to reach $398.3 million, a 10.3% year-over-year increase [4]. - The Evergreen//One portfolio is contributing to strong customer adoption and growth, with large deals enhancing momentum [4]. Technological Advancements - Pure Storage is innovating in enterprise storage, focusing on AI, containerization, and high-performance computing (HPC). The Portworx Enterprise 3.3 enhances Kubernetes-native capabilities by adding VM workload support [5]. - Collaborations with Nutanix and NVIDIA are optimizing hybrid cloud deployments and enhancing AI infrastructure [5]. Strategic Partnerships - The collaboration with Meta is progressing well, with validation testing on schedule and certification across performance tiers, aiming to deliver 1–2 exabytes in the second half of the year [6]. - In June 2025, Pure Storage's all-flash technology was utilized by TierPoint to launch a specialized Imaging Storage-as-a-Service solution for the healthcare sector [7]. Product Launches - The launch of the Enterprise Data Cloud (EDC) aims to simplify data and storage management, addressing the challenges posed by traditional fragmented storage systems as AI drives data growth [8].

Core Insights - Pure Storage (PSTG) is expected to report quarterly earnings of $0.39 per share, reflecting an 11.4% decline year over year, while revenues are forecasted to reach $845.76 million, indicating a 10.7% increase compared to the previous year [1] - There has been no revision in the consensus EPS estimate for the quarter over the past 30 days, suggesting stability in analysts' projections [1][2] Revenue Estimates - Analysts project 'Revenue- Product' to be $427.18 million, a 6.1% increase from the prior-year quarter [4] - 'Revenue- Subscription services' is estimated to reach $418.58 million, reflecting a 15.9% increase year over year [4] - 'Geographic Revenue- Rest of the world' is expected to be $244.58 million, indicating an 8.2% year-over-year change [4] - 'Geographic Revenue- United States' is projected at $600.65 million, showing an 11.7% increase from the year-ago quarter [5] Profit Estimates - Non-GAAP Gross profit from Subscription services is estimated at $319.88 million, up from $275.83 million reported in the same quarter last year [5] - Non-GAAP Gross profit from Product is expected to be $277.24 million, slightly down from $279.85 million reported in the previous year [6] Market Performance - Shares of Pure Storage have experienced a -2.2% return over the past month, contrasting with a +1.1% change in the Zacks S&P 500 composite [6] - The company holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [6]