Q1 total revenue growth of 12% year-over-yearStorage as a Service offerings TCV sales growth of 70%SANTA CLARA, Calif., May 28, 2025 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its first quarter fiscal year 2026 ended May 4, 2025."Pure continues to demonstrate the superiority of our technology and strategy through our steady growth and the expansion of our products and services ...

B of A Securities analyst Wamsi Mohan revised full-year estimates for Pure Storage, Inc. PSTG ahead of its earnings release on May 28.The analyst forecasts first quarter fiscal 2026 revenue and EPS at $772 million and 26 cents, respectively, slightly ahead of Street expectations of $770 million and 25 cents.The analyst highlighted that the first quarter is typically the company’s weakest from a seasonal perspective. Historically, since 2016, the first quarter has shown an average sequential revenue decline ...

Pure Storage, Inc. (PSTG) is scheduled to report first-quarter fiscal 2026 results on May 28.The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at 25 cents, indicating a decline of 21.9% from the year-ago reported quarter. The consensus estimate for total revenues is pegged at $771.2 million, implying 11.2% year-over-year growth.PSTG delivered a trailing four-quarter earnings surprise of 21.17%, on average, beating estimates on each occasion. In the last reported quarter, the ...

Core Viewpoint - Pure Storage is witnessing an increase in demand for its products driven by the growing effectiveness of artificial intelligence [1] Company Summary - The rise in demand for Pure Storage's products is attributed to advancements in artificial intelligence technology [1]

Core Insights - Pure Storage (PSTG) is expected to report quarterly earnings of $0.25 per share, reflecting a decline of 21.9% year-over-year, while revenues are forecasted to reach $771.15 million, an increase of 11.2% year-over-year [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to stock performance, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [2] Analyst Forecasts - Analysts estimate 'Revenue- Product' to be $370.97 million, indicating a 6.8% increase from the previous year [4] - 'Revenue- Subscription services' is projected to be $391.59 million, reflecting a 13.1% increase year-over-year [4] - 'Geographic Revenue- Rest of the world' is expected to reach $220.50 million, a significant increase of 36% from the year-ago quarter [5] - 'Non-GAAP Gross profit- Subscription services' is anticipated to be $297.86 million, up from $259.12 million in the same quarter last year [5] - 'Non-GAAP Gross profit- Product' is estimated at $241.54 million, down from $253.04 million in the previous year [6] Stock Performance - Pure Storage shares have increased by 24.2% over the past month, outperforming the Zacks S&P 500 composite, which rose by 10.7% [7] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [7]

Pure Storage (PSTG) closed at $55.48 in the latest trading session, marking a -1.7% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow gained 0.65%, while the tech-heavy Nasdaq lost 0.18%.Heading into today, shares of the data storage company had gained 36.79% over the past month, outpacing the Computer and Technology sector's gain of 15% and the S&P 500's gain of 9% in that time.The upcoming earnings release of Pure Storage will be of great in ...

Pure Storage (PSTG) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this data storage company have returned +6.6%, compared to the Zacks S&P 500 composite's +11.3% change. During this period, the Zacks Computer- Storage Devices industry, which Pure Storage falls in, has gained 17.9%. The key question now is: What could be the stock's future directi ...

Company Performance - Pure Storage (PSTG) closed at $47.58, showing no change from the previous session, outperforming the S&P 500 which fell by 0.77% [1] - Over the past month, shares of Pure Storage have increased by 23.58%, surpassing the Computer and Technology sector's gain of 16.73% and the S&P 500's gain of 11.54% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.25, reflecting a 21.88% decline compared to the same quarter last year [2] - Revenue is anticipated to be $771.15 million, indicating an 11.2% increase from the same quarter last year [2] Annual Estimates - For the annual period, earnings are projected at $1.72 per share and revenue at $3.51 billion, representing increases of 1.78% and 10.86% respectively from the previous year [3] - Changes in analyst estimates are crucial as they indicate shifts in business trends and analyst optimism regarding profitability [3] Valuation Metrics - Pure Storage has a Forward P/E ratio of 27.65, which is a premium compared to the industry average of 12.02 [6] - The PEG ratio for PSTG is 1.65, aligning with the industry average PEG ratio of 1.65 [6] Industry Context - The Computer-Storage Devices industry is part of the broader Computer and Technology sector, currently holding a Zacks Industry Rank of 232, placing it in the bottom 7% of all industries [7] - The Zacks Industry Rank evaluates the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]

SANTA CLARA, Calif., May 6, 2025 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it will host a conference call on Wednesday, May 28, at 2:00 p.m. PT to discuss its financial results for first quarter fiscal 2026 ended May 4, 2025. This conference call will be held following the release of Pure Storage's financial results.First Quarter Fiscal 2026 Conference Call Details A live audio broadcast of the con ...

Company Performance - Pure Storage (PSTG) closed at $40.36, with a slight increase of +0.37% from the previous session, underperforming the S&P 500's gain of 2.51% [1] - Over the past month, shares of Pure Storage have depreciated by 23.96%, compared to the Computer and Technology sector's loss of 12.18% and the S&P 500's loss of 8.86% [1] Upcoming Earnings - The upcoming EPS for Pure Storage is projected at $0.25, indicating a 21.88% drop from the same quarter last year [2] - Revenue is estimated to be $771.15 million, reflecting an 11.2% increase from the equivalent quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are expected to be $1.72 per share, with revenue projected at $3.51 billion, representing changes of +1.78% and +10.86% respectively from the previous year [3] Analyst Estimates - Changes in analyst estimates for Pure Storage are crucial as they reflect short-term business trends and can influence stock performance [4] - The Zacks Rank system, which incorporates estimate changes, provides an actionable rating system for investors [5] Zacks Rank and Valuation - The Zacks Rank for Pure Storage is currently 3 (Hold), with a recent decline of 2.78% in the consensus EPS estimate [6] - Pure Storage has a Forward P/E ratio of 23.36, which is a premium compared to the industry average of 11.3 [7] - The PEG ratio for PSTG is 1.39, aligning with the industry average [7] Industry Context - The Computer-Storage Devices industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 33, placing it in the top 14% of over 250 industries [8]