Everpure (NYSE:PSTG) Q4 2026 Earnings call February 25, 2026 05:00 PM ET Speaker9Good day. Welcome to Everpure's fourth quarter fiscal 2026 financial results conference call. Today's conference is being recorded. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. If you would like to ask a question, please press star one on your telephone keypad. At this time, I'd like to turn the call over to Paul Ziots, Vice President of Investor ...

Fiscal Q4 & Full Year 2026 Financial Results February 25, 2026 1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Forward Looking Statements and Non-GAAP Information This presentation contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our future period financial and business results, our ability to manage potential disruptions to our supply chain, our ability to procure a sufficient supply of flash and other components, the impact ...

Exhibit 99.1 Everpure Announces Fiscal Fourth Quarter and Full Year 2026 Financial Results Full year 2026 revenue surpasses $3.6 billion, representing growth of 16% year-over-year Delivers over $1 Billion in Q4 revenue, representing growth of 20% year-over-year Q4 remaining performance obligations (RPO) growth of over 40% year-over-year SANTA CLARA, Calif. – February 25, 2026 – Everpure (NYSE: PSTG), the company revolutionizing storage and data management, today announced financial results for its fiscal fo ...

Ended2026202520262025Cash flows from operating activitiesNet income$ 100,252$ 42,435$ 188,181$ 106,739Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization40,33229,125147,815126,654Stock-based compensation expense133,497102,350481,652421,306Noncash portion of lease impairment and abandonment—1,360—4,630Gain on equity security——(27,486)—Other3,3073,06114,0158,168Changes in operating assets and liabilities:Accounts receivable, net(323,905)(102,638)(264, ...

Core Viewpoint - Pure Storage, Inc. (PSTG) is expected to report strong earnings growth in its upcoming fourth-quarter fiscal 2026 results, with earnings estimated at 65 cents, reflecting a 44.4% increase year-over-year [1][2]. Financial Performance - The consensus estimate for total revenues is $1.03 billion, indicating a year-over-year growth of 17.2% [2]. - Pure Storage anticipates revenues in the range of $1.02-$1.04 billion, suggesting a 17.1% increase at the midpoint from the previous year [2]. - The company has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average surprise of 7.9% [2][3]. Earnings Expectations - The current Earnings ESP for PSTG is -2.93%, and it holds a Zacks Rank of 3 (Hold), indicating a lower likelihood of an earnings beat this quarter [4][5]. - Management expects non-GAAP operating income of $220-$230 million for Q4, representing approximately 47% year-over-year growth at the midpoint [8][9]. Market Trends and Demand - There is heightened demand for AI-ready infrastructure and flash storage, which is reshaping the data storage landscape, positioning Pure Storage to capitalize on these trends [6]. - Strong enterprise spending and growth in its Evergreen//One and modern virtualization solutions are expected to contribute positively to PSTG's performance [6][9]. Competitive Position - PSTG's shares have increased by 15.7% over the past year, underperforming the Zacks Computer-Storage Devices industry, which grew by 146.2% [11]. - The company has outperformed competitors like NetApp, Inc. (NTAP), while underperforming Seagate Technology Holdings plc (STX) and Sandisk Corporation (SNDK) [12]. Valuation Metrics - PSTG is trading at a forward price/earnings ratio of 95.72X, significantly higher than the industry average of 19.54X, indicating a stretched valuation [13][16]. - The company faces macroeconomic uncertainties and supply chain pressures, which could impact its near-term outlook [14]. Strategic Outlook - The fiscal fourth-quarter results will be closely monitored for indications of AI-driven demand and the effectiveness of the Evergreen model in driving revenue growth [17]. - Despite solid long-term fundamentals, risks from longer enterprise spending cycles and intense competition may lead to near-term volatility [17][18].

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I’m initiating coverage on Pure Storage, Inc. ( PSTG ) at a time when it looks like the company is sitting at an interesting intersection. On the one hand, it is a structural winner in enterpriseI’m Emmanuel Onwusah—a financial analyst, writer, and recovering engineer. I hold FMVA® and BIDA® certifications from the Corporate Finance Institute, and I spend most of my time creating pitch decks, building models, analyzing companies, and trying to make sense of where value meets narrative. My background is in p ...

Core Insights - Deep-pocketed investors have adopted a bearish approach towards Pure Storage, indicating potential significant market movements ahead [1] - The options activity for Pure Storage is unusually high, with 75% of heavyweight investors leaning bearish and only 12% bullish [2] Options Activity - There have been 8 extraordinary options activities for Pure Storage, with 5 puts totaling $550,782 and 3 calls amounting to $448,818 [2] - The major market movers are focusing on a price band between $40.0 and $90.0 for Pure Storage over the last three months [3] Volume and Open Interest - Analyzing volume and open interest provides insights into the liquidity and interest for Pure Storage's options within the strike price range of $40.0 to $90.0 over the last 30 days [4] Market Standing and Analyst Insights - Trading volume for Pure Storage stands at 765,564, with the stock price at $72.12, reflecting a decrease of -0.32% [7] - Analysts from Evercore ISI Group and Citigroup maintain an Outperform and Buy rating on Pure Storage, respectively, both with a target price of $90 [7]

Key Takeaways Pure Storage's flash portfolio is driving revenue growth and expanding product gross margins.PSTG posted 72.9% non-GAAP product gross margin, up on strong FlashArray and hyperscaler sales.Pure Storage raised FY26 revenue outlook to $3.63-$3.64B on sustained AI and cloud demand.In a world where data is growing exponentially, fueled by AI, cloud adoption, real-time analytics and digital transformation, storage systems have become critical infrastructure. While legacy HDDs once dominated data cen ...

Core Insights - Wall Street analysts currently favor Pure Storage over Sandisk as a more attractive investment option despite Sandisk's significant stock price increase of 1,560% over the past year due to memory chip supply shortages [1][14] Sandisk Overview - Sandisk is a semiconductor company specializing in NAND flash memory chips and storage solutions for data centers and edge devices, with a key partnership with Kioxia to share R&D and capital expenditures [4] - The company benefits from vertical integration, allowing it to optimize performance and reliability by packaging wafers into chips and assembling them into final products like enterprise SSDs [5] - Sandisk is the fifth-largest supplier of NAND flash memory, having gained approximately 2 percentage points of market share in the past year, which may continue as hyperscalers evaluate its enterprise SSDs [6] - Sandisk reported a non-GAAP earnings growth of 404% in the last quarter, with Wall Street projecting adjusted earnings to increase at 410% annually through June 2027, making its current valuation of 81 times earnings appear cheap [7] Pure Storage Overview - Pure Storage develops all-flash storage platforms with proprietary hardware based on 3D NAND, offering 2 to 3 times better storage density and consuming about half the power compared to traditional SSDs, making them suitable for AI workloads [9] - The company features an Evergreen architecture that allows for continuous hardware and software upgrades, monetized through subscription services that unify storage across public clouds and private data centers [10] - Pure Storage has been recognized as a technology leader in enterprise storage platforms by Gartner, with a strong customer base that includes 63% of Fortune 500 companies [11] - The company reported a non-GAAP earnings growth of 16% in the last quarter, with Wall Street expecting adjusted earnings to increase at 23% annually through February 2027, leading to a reasonable valuation of 40 times earnings [12] Comparative Analysis - Both Sandisk and Pure Storage are seen as attractive investments, but Pure Storage is less exposed to cyclical demand due to its recurring revenue model and less commoditized products [13][15] - Sandisk's recent performance is attributed more to supply shortages rather than a strong competitive position, as evidenced by similar performance in other memory chip stocks like Micron [14]