Q3 Fiscal 2026 Financial Results December 2, 2025 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 opportunity relating to hyperscale and AI environments, our ability to meet hyperscalers' performance, price and other requirements, our ability to expand with our current hyperscale customer and to lan ...

Exhibit 99.1 Pure Storage Announces Third Quarter Fiscal 2026 Financial Results Q3 total revenue growth of 16% year-over-year Increases full-year revenue and operating profit guidance SANTA CLARA, Calif. — December 2, 2025 — Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, today announced financial results for its third quarter fiscal year 2026 ended November 2, 2025. "Pure Storage delivered another strong quarter as global customers i ...

Core Insights - Pure Storage, Inc. is set to release its third-quarter earnings results on December 2, with analysts expecting earnings of 58 cents per share, an increase from 50 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $956.48 million, up from $831.07 million a year earlier [1] Company Developments - On November 4, Pure Storage appointed Patrick Finn as the chief revenue officer [2] - The company's shares experienced a slight decline of 0.5%, closing at $88.55 [2] Analyst Ratings - Morgan Stanley analyst Erik Woodring maintained an Equal-Weight rating and raised the price target from $72 to $90 [4] - Citigroup analyst Asiya Merchant maintained a Buy rating and increased the price target from $81 to $110 [4] - Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and raised the price target from $90 to $105 [4] - Raymond James analyst Simon Leopold maintained an Outperform rating and increased the price target from $88 to $99 [4] - Wells Fargo analyst Aaron Rakers maintained an Overweight rating and raised the price target from $80 to $100 [4]

Core Insights - Pure Storage, Inc. is set to release its third-quarter earnings results on December 2, with analysts expecting earnings of 58 cents per share, an increase from 50 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $956.48 million, up from $831.07 million a year earlier [1] Company Developments - On November 4, Pure Storage appointed Patrick Finn as the chief revenue officer [2] - The company's shares fell by 0.5% to close at $88.55 on the preceding Monday [2] Analyst Ratings - Morgan Stanley analyst Erik Woodring maintained an Equal-Weight rating and increased the price target from $72 to $90 [4] - Citigroup analyst Asiya Merchant maintained a Buy rating and raised the price target from $81 to $110 [4] - Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and boosted the price target from $90 to $105 [4] - Raymond James analyst Simon Leopold maintained an Outperform rating and increased the price target from $88 to $99 [4] - Wells Fargo analyst Aaron Rakers maintained an Overweight rating and raised the price target from $80 to $100 [4]

Core Insights - Pure Storage, Inc. (PSTG) is set to report its third-quarter fiscal 2026 results on December 2, 2025, with earnings expected to be 59 cents, reflecting an 18% increase year-over-year, and total revenues estimated at $958.1 million, indicating a 15.3% growth from the previous year [1][3] Financial Performance - PSTG has achieved a trailing four-quarter earnings surprise of 12.4%, consistently beating estimates [2] - For the fiscal third quarter, PSTG anticipates revenues between $950 million and $960 million, representing a 15% increase at the midpoint compared to the previous year [4] - Non-GAAP operating income is projected to be between $185 million and $195 million, with around 14% growth at the midpoint [4] Growth Drivers - The company is experiencing widespread growth across its portfolio, driven by strong enterprise demand and increasing traction in key software and services such as Evergreen//One, Cloud Block Store, and Portworx [3] - Subscription services revenues are a significant contributor, with expectations of reaching $452.3 million, a 20.2% year-over-year increase [5] - The launch of the Enterprise Data Cloud (EDC) is expected to enhance governance, scalability, and agility while reducing costs [6][7] Strategic Initiatives - Initial collaborations with hyperscalers transitioning to DirectFlash technology are expected to support growth [3] - The co-engineering partnership with Meta is progressing, with the first volume rollout underway and initial revenue recognized [3] - Recent advancements in partnership with Cisco aim to enhance AI project scalability [9][10] Market Challenges - Management expresses caution regarding economic fluctuations and tariff volatility, alongside fierce competition in the flash-based storage market [8]

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Core Insights - Pure Storage, Inc. (PSTG) is preparing to release its quarterly earnings on December 2, 2025, with an expected EPS of $0.59 and revenue of approximately $955.5 million [1][6] - Western Digital Corporation (WDC) is experiencing strong momentum in the AI-driven storage solutions market, evidenced by a 23% year-over-year increase in shipments, totaling 204 exabytes [2][6] - The global data storage market is projected to reach $1.3 trillion by 2033, growing at a CAGR of 16.44% from 2025 to 2033, presenting significant growth opportunities for both PSTG and WDC [4][6] Company Comparisons - WDC's valuation is more attractive, trading at 19.45 times forward earnings, compared to PSTG's 82.84 times, indicating a preference among investors for WDC [3] - PSTG has a high P/E ratio of 201.86, suggesting a willingness to pay over 200 times its earnings, while maintaining a low debt-to-equity ratio of 0.17, reflecting a conservative leverage approach [3] - PSTG's current ratio of 1.58 indicates good liquidity to cover short-term liabilities, supporting its ability to navigate the expanding market [4] Financial Metrics - PSTG's enterprise value to sales ratio is 8.17, and its enterprise value to operating cash flow ratio is 34.17, reflecting its valuation in relation to sales and cash flow [5] - The earnings yield for PSTG is 0.50%, representing the percentage of each dollar invested in equity that was earned by the company [5]

Core Insights - Pure Storage (PSTG) is expected to report quarterly earnings of $0.59 per share, an 18% increase year-over-year, with revenues forecasted at $958.14 million, reflecting a 15.3% year-over-year growth [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 2.8%, indicating a reassessment by analysts [2] - Revisions to earnings estimates are crucial for predicting investor actions, as empirical research shows a strong correlation between earnings estimate trends and short-term stock performance [3] Key Metrics - Analysts predict 'Revenue- Product' to be $510.23 million, a 12.2% increase from the previous year [5] - The estimate for 'Revenue- Subscription services' is $447.07 million, suggesting an 18.8% year-over-year increase [5] - The consensus estimate for 'Subscription Annual Recurring Revenue (ARR)' is $1.88 billion, up from $1.60 billion in the same quarter last year [6] - Analysts expect 'Remaining Performance Obligations (RPO)' to reach $2.82 billion, compared to $2.40 billion in the same quarter of the previous year [6] - The consensus for 'Non-GAAP Gross profit- Subscription services' is $342.56 million, up from $291.33 million year-over-year [7] - 'Non-GAAP Gross profit- Product' is expected to be $343.76 million, compared to $306.39 million in the same quarter last year [7] Stock Performance - Pure Storage shares have decreased by 12.8% over the past month, while the Zacks S&P 500 composite has only declined by 0.3% [7] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [7]

Core Insights - Pure Storage (PSTG) is anticipated to report a year-over-year earnings increase driven by higher revenues for the quarter ending October 2025, with a consensus outlook suggesting a positive earnings picture [1][3] - The earnings report is scheduled for release on December 2, and better-than-expected results could lead to a stock price increase, while disappointing results may cause a decline [2] Earnings Estimates - The Zacks Consensus Estimate predicts quarterly earnings of $0.59 per share, reflecting an 18% increase year-over-year, with revenues expected to reach $958.14 million, a 15.3% rise from the previous year [3] - Over the last 30 days, the consensus EPS estimate has been revised down by 2.77%, indicating a reassessment by analysts regarding the company's earnings prospects [4] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Pure Storage is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.85%, suggesting a bearish outlook from analysts [12] - The stock currently holds a Zacks Rank of 3, making it challenging to predict a consensus EPS beat [12] Historical Performance - In the last reported quarter, Pure Storage exceeded the expected earnings of $0.39 per share by delivering $0.43, resulting in a surprise of +10.26% [13] - The company has successfully beaten consensus EPS estimates in the last four quarters [14] Conclusion - While Pure Storage does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [17]

Core Viewpoint - Hewlett Packard Enterprise (HPE) is experiencing mixed market sentiments with a recent upgrade from Citigroup but facing challenges due to rising memory prices impacting margins [1][2][3][6] Company Summary - Citigroup upgraded HPE's rating to "Positive" from "Buy," with the stock priced at $20.52 [1][6] - Morgan Stanley downgraded HPE from "overweight" to "equal weight," leading to a 7% drop in its stock price [2][3][6] - HPE's current stock price is $20.99, reflecting a 2.31% increase, with a market cap of approximately $27.69 billion [3][6] Industry Summary - Rising memory prices are creating a "pricing supercycle" for NAND and DRAM, which could negatively affect Original Equipment Manufacturers (OEMs) like HPE and Dell [2] - The memory price surge has particularly impacted Dell, resulting in a downgrade from "overweight" to "underweight" and a price target reduction from $144 to $110 [4] - Other companies like HP Inc and Lenovo also experienced share drops of up to 6% due to the memory price surge [4] - Morgan Stanley maintains a positive outlook on Pure Storage and Apple, indicating that not all companies are equally affected by the memory price surge [5]