(%) (0.9) % Add: SBC 0.4 % 13.4 2.6 - % 0.6 % 0.6 2.8 FY21 $ $ 14.3 % 4.5 - % - % 3.8 Add: Impairment of right-of-use asset associated with cease-use of a certain facility 0.2 % $ Q2 FY24 August 30, 2023 Q2 Fiscal 2024 Results This presentation contains "forward-looking" statements that are based on our beliefs and assumptions and on information currently available to us. Such forward-looking statements include statements concerning our possible or expected future financial or operating results, business st ...

Pure Storage, Inc. (NYSE:PSTG) Q2 2024 Earnings Conference Call August 30, 2023 5:00 PM ET Company Participants Paul Ziots - VP, IR Charlie Giancarlo - CEO Kevan Krysler - CFO Rob Lee - Chief Technology Officer Conference Call Participants Amit Daryanani - Evercore ISI Aaron Rakers - Wells Fargo Meta Marshall - Morgan Stanley Pinjalim Bora - JPMorgan Wamsi Mohan - Bank of America Krish Sankar - TD Cowen Sidney Ho - Deutsche Bank Shannon Cross - Credit Suisse Jason Ader - William Blair Mehdi Hosseini - Susqu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 7, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37570 Pure Storage, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or or ...

Financial Data and Key Metrics Changes - In Q1, the company achieved revenue of $589 million and operating profit of nearly $20 million, exceeding expectations [15][17] - Subscription services annual recurring revenue grew 29% year-over-year to $1.2 billion, with subscription services revenue of $280 million representing 48% of total revenue [16][18] - Remaining performance obligations (RPO) grew 26% year-over-year to $1.8 billion [16] - U.S. revenue for Q1 was $427 million, and international revenue was $162 million [17] - The company reported a strong gross margin performance in Q1 of 72.2% [42] Business Line Data and Key Metrics Changes - The company set an all-time record for Evergreen//One subscription sales in Q1, indicating exceptional demand [15] - Product revenue was $309 million, with a year-over-year growth of approximately 5% when excluding the impact of $60 million of product revenue from the previous year [17] - FlashBlade//E sales began, experiencing the fastest first-quarter pipeline growth for any new product [31] Market Data and Key Metrics Changes - The company noted continuing caution by enterprise and cloud customers in Q1, similar to Q4, but experienced enhanced demand for cost-effective solutions, particularly Evergreen//One [13] - The U.S. enterprise business exceeded expectations, reflecting strong performance despite challenging macro conditions [40] Company Strategy and Development Direction - The company aims to become a complete storage partner for customers, addressing their entire storage estate with the introduction of the E product line [36] - The operational and economic benefits of the company's comprehensive storage portfolio are emphasized, focusing on sustainable technology and business model advantages [32] - The company is committed to maintaining a competitive edge through its direct flash technology and Evergreen program, which ensures products never become obsolete [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing to increase market share and outgrow competitors, particularly as new products gain traction [13] - The company anticipates continued momentum in Evergreen subscription services, particularly Evergreen//One, and expects Q2 revenue of $680 million, representing a 5% year-over-year increase [20][19] - Management acknowledged the challenging macro environment but noted stabilization in customer demand and sales visibility [84] Other Important Information - The company repurchased 2.9 million shares of stock, returning nearly $70 million to shareholders [43] - The balance sheet remains strong with $1.2 billion in cash and investments, and the company reduced overall debt by paying off $575 million in convertible notes [18] Q&A Session Questions and Answers Question: How are customers thinking about their storage needs broadly and specifically around Pure's product portfolio? - Management highlighted that customers are increasingly looking to transition from hard disk systems to higher performance flash-based systems, particularly for AI applications [25][47] Question: Is there any impact from strategic buys in memory, particularly in NAND, on margins for the rest of fiscal '24? - Management indicated that while there is heightened competitiveness in pricing, they believe their direct flash technology provides a sustained competitive advantage [68][90] Question: What is the predominant storage solution for AI today? - The predominant solution for AI applications is all-flash systems, as they provide the necessary performance for machine learning and real-time AI-oriented tasks [94][115] Question: Can you clarify the impact of Evergreen//One strength on revenue growth? - Management noted that while Evergreen//One strength will contribute positively to top-line growth over time, they are cautious about potential headwinds from product sales corrections [64][96] Question: How does the company view the competitive landscape with new hard disk technologies? - Management expressed confidence that even with advancements in hard disk technology, their direct flash technology will maintain a significant performance and efficiency advantage [130][145]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 5, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number 001-37570 Pure Storage, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorp ...

Annual Gross Profit & Margin Fourth Quarter Gross Profit & Margin | --- | --- | --- | --- | --- | --- | --- | |--------|--------|--------|-------|-------|-------|-------| | | | | | | | | | | | 65 % | | | | | | $1,179 | $1,514 | $1,946 | | $349 | $488 | $574 | AND NON-GAAP INFORMATION This presentation includes certain non-GAAP financial measures as defined by SEC rules. As required by Regulation G, we have provided reconciliations of those measures to the most directly comparable GAAP measures, which are av ...

Pure Storage, Inc. (NYSE:PSTG) Q4 2023 Earnings Conference Call March 1, 2023 5:00 PM ET Company Participants Paul Ziots – Vice President-Investor Relations Charlie Giancarlo – Chief Executive Officer Kevan Krysler – Chief Financial Officer Rob Lee – Chief Technology Officer Conference Call Participants Amit Daryanani – Evercore ISI Aaron Rakers – Wells Fargo Meta Marshall – Morgan Stanley Sidney Ho – Deutsche Bank Wamsi Mohan – Bank of America Pinjalim Bora – JPMorgan Nehal Chokshi – Northland Capital Mark ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 6, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37570 Pure Storage, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation ...

Pure Storage, Inc. (NYSE:PSTG) Q3 2023 Results Conference Call November 30, 2022 5:00 PM ET Company Participants Paul Ziots - Vice President of Investor Relations Charlie Giancarlo - Chief Executive Officer Kevan Krysler - Chief Financial Officer Rob Lee - Chief Technology Officer Conference Call Participants Amit Daryanani - Evercore Meta Marshall - Morgan Stanley Wamsi Mohan - Bank of America Sidney Ho - Deutsche Bank David Vogt - UBS Mehdi Hosseini - Susquehanna Nehal Chokshi - Northland Capital Markets ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q For the quarterly period ended August 7, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-37570 Pure Storage, Inc. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or ...