Pure Storage Inc Stock Price, News & Analysis

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.

Pure Storage (NYSE:PSTG) has announced Portworx for KubeVirt, a pioneering software-defined storage solution designed for VM workloads on Kubernetes using Red Hat OpenShift Virtualization Engine. The collaboration enables enterprises to achieve 30% to 50% cost savings compared to traditional virtualization spending.

The new VM-only offering facilitates easier migration and management of virtual machines to containers while providing a pathway for long-term application modernization. Key benefits include cost optimization, flexible modernization timelines, and application & data flexibility across on-premises, public cloud, edge, or hybrid deployments.

Pure Storage (NYSE: PSTG) has announced its first quarter fiscal 2026 financial results conference call, scheduled for May 28, 2025, at 2:00 p.m. PT. The company will also participate in several upcoming investor events in June 2025:

- William Blair's 45th Annual Growth Stock Conference on June 3 (6:00 a.m. PT) featuring CTO Rob Lee

- Bank of America 2025 Global Tech Conference on June 3 (11:00 a.m. PT) with CEO Charles Giancarlo and CFO Kevan Krysler

- Pure//Accelerate 2025 Product & Technology-Focused Meeting for Financial Analysts on June 19 (1:00 p.m. PT) in Las Vegas