Pure Storage Inc Stock Price, News & Analysis

Pure Storage (NYSE: PSTG) has announced significant enhancements to its Enterprise Data Cloud platform, focusing on unified data management for AI initiatives. The company introduced Pure Storage Cloud, featuring Azure Native integration, and expanded its Portworx integration with Pure Fusion for comprehensive workload management.

Key innovations include the expansion of Pure1 AI Copilot with Model Context Protocol integration, Pure Key Value Accelerator integration with NVIDIA Dynamo for AI inference, and Purity Deep Reduce for enhanced data reduction. The company also unveiled next-generation FlashArray products, including FlashArray//XL 190, FlashArray//X R5, and FlashArray//C R5, designed to support both traditional enterprise apps and modern AI/ML workloads.

Pure Storage (NYSE: PSTG) has been named a Leader in the 2025 Gartner Magic Quadrant for Enterprise Storage Platforms, marking its twelfth consecutive year as a Leader in Gartner Magic Quadrant reports. The company achieved the highest position in both execution and vision.

The Pure Storage Platform delivers an Enterprise Data Cloud (EDC) that unifies data management across on-premises, public cloud, and hybrid environments. Key 2025 innovations include enhanced automation through Pure Fusion, expanded FlashArray and FlashBlade offerings for high-performance workloads, and strengthened security features including integrations with Rubrik and CrowdStrike.

The company maintains a 4.9 out of 5 rating on Gartner Peer Insights, with 98% of reviewers willing to recommend their solutions.

Pure Storage (NYSE: PSTG) reported strong Q2 fiscal 2026 results with revenue of $861.0 million, up 13% year-over-year. The company's subscription services revenue grew 15% to $414.7 million, while subscription ARR reached $1.8 billion, up 18%.

Key financial metrics include a non-GAAP operating income of $130.0 million with a 15.1% margin, and free cash flow of $150.1 million. Pure Storage increased its FY26 guidance, now expecting revenue between $3.60B to $3.63B (13.5-14.5% YoY growth) and non-GAAP operating income of $605M to $625M.

The company introduced the Enterprise Data Cloud (EDC) architecture and expanded its product portfolio with next-generation storage solutions. Pure Storage also returned $42 million to stockholders through share repurchases of 0.8 million shares.

Pure Storage (NYSE: PSTG) has announced two upcoming investor events. The company will host its second quarter fiscal 2026 earnings conference call on August 27, 2025, at 2:00 p.m. PT, following the release of financial results for the quarter ended August 3, 2025.

Additionally, Pure Storage will hold a Product & Technology-Focused Meeting for Financial Analysts during Pure//Accelerate NYC on September 25, 2025, at 6:00 a.m. PT. The event will feature CEO Charles Giancarlo and other executives sharing insights and future strategies. Both events will be available via webcast on the company's investor relations website.

Pure Storage (NYSE: PSTG) has appointed Tarek Robbiati as its new Chief Financial Officer, effective immediately. Robbiati brings over 25 years of financial and leadership experience in the global technology sector, including notable positions as CEO of RingCentral and CFO of Hewlett Packard Enterprise, where he successfully transformed the business model and improved financial metrics.

At HPE, Robbiati led the company's transition from a traditional hardware business to an everything-as-a-service model, while improving margins and cash flow. He previously served as CFO at Sprint Corporation, leading turnaround efforts, and held leadership roles at various global companies. Robbiati will oversee Pure Storage's global finance organization, replacing Kevan Krysler, who departed after five years of service.

Pure Storage (NYSE: PSTG) has unveiled its Enterprise Data Cloud (EDC), a revolutionary approach to data and storage management. The platform enables organizations to centrally manage data across on-premises, public cloud, and hybrid environments through a virtualized cloud architecture. Key innovations include Pure Fusion with Workload Automation for automated provisioning, Workflow Orchestration with third-party integrations, enhanced security partnerships with Rubrik and CrowdStrike, expanded Pure Protect recovery capabilities, and a new AI Copilot feature. The EDC platform aims to solve challenges of data fragmentation, silos, and uncontrolled data sprawl by shifting focus from storage management to comprehensive data management, helping organizations reduce risks, costs, and operational inefficiencies.

Pure Storage (NYSE: PSTG) has unveiled next-generation storage products designed for high-performance workloads. The company announced several new offerings including FlashArray//XL R5, which doubles IOPS per rack unit and increases max raw capacity by 50% compared to previous generations. The new FlashArray//ST delivers over 10 million IOPS per five rack units, while FlashBlade//S R2 performs up to 30% better than competitors in critical workloads. Pure Storage also introduced object support to FlashArray, creating a unified architecture for block, file, and object storage. These innovations aim to address growing data volumes and business demands by providing a virtualized cloud of data with consistent control across on-premises, public cloud, and hybrid environments.

Pure Storage (PSTG) reported strong Q1 fiscal 2026 results with revenue reaching $778.5 million, up 12% year-over-year. Subscription services revenue grew 17% to $406.3 million, with subscription ARR reaching $1.7 billion. The company achieved a non-GAAP operating income of $82.7 million and operating margin of 10.6%. Key highlights include 70% growth in Storage as a Service TCV sales and strong cash position of $1.6 billion. Pure Storage announced CFO Kevan Krysler's planned departure and provided FY26 guidance projecting revenue of $3.515 billion with 11% YoY growth. The company launched new products including FlashBlade//EXA platform and Portworx Enterprise 3.3, while strengthening partnerships with Nutanix, NVIDIA, and Rubrik.

Pure Storage (NYSE: PSTG) has announced a strategic collaboration with SK hynix to develop advanced QLC flash storage products for hyperscale data centers. The partnership aims to address the growing demands of data-intensive environments by combining Pure Storage's DirectFlash Module products with SK hynix's QLC NAND flash memory technology.

The collaboration will deliver three key benefits: sustained high performance through ultrafast, low-latency solutions for exascale workloads; increased energy efficiency with lower power consumption and reduced carbon footprint; and improved scalability with highly rack-dense systems offering better total cost of ownership compared to traditional HDDs.