Pure Storage/$PSTG

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About Pure Storage

Pure Storage Inc is a U.S.-based company that provides an enterprise data storage platform that transforms business through a dramatic increase in performance and reduction in complexity and costs. It generates revenue from two sources: product revenue, which includes the sale of integrated storage hardware and embedded operating system software; and subscription services revenue, which includes Evergreen Storage subscriptions, a unified subscription that includes Pure as-a-Service, Cloud Block Store, and Portworx. Subscription services revenue also includes professional services offerings such as installation and implementation consulting services.

Ticker

$PSTG

Sector

Digital Hardware

Primary listing

NYSE

Employees

6,000

Pure Storage Metrics

BasicAdvanced
$31B
227.61
$0.41
1.22
-

What the Analysts think about Pure Storage

Analyst ratings (Buy, Hold, Sell) for Pure Storage stock.

Bulls say / Bears say

Subscription services revenue climbed 15% year over year in Q2 FY26, with subscription Annual Recurring Revenue (ARR) up 18% and Storage-as-a-Service total contract value sales up 24%, highlighting strong momentum in recurring revenue.
Pure Storage increased its full-year FY26 revenue guidance to between $3.60 and $3.63 billion, and its non-GAAP operating income guidance to between $605 and $625 million after its Q2 results, demonstrating management's confidence in continued growth.
Strategic partnerships, such as a hyperscaler design win for DirectFlash technology and an expanded agreement with Meta for up to two exabytes of flash shipments by FY26, position Pure Storage to benefit from rising demand for AI infrastructure.
The stock is trading at 28 times next-12-month earnings, up from 25 times just three months ago, which may indicate the valuation is becoming stretched and could be at risk if growth slows.
Dell Technologies has made it clear that it plans to take storage market share from Pure Storage and NetApp, increasing competitive pressure in a sector dominated by large established players.
Although subscription and hyperscaler deals drive growth, there are execution risks in scaling these high-margin businesses, and large contracts are expected to make only modest contributions to near-term revenue, which poses risks to short-term profitability and growth.
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2025.

Pure Storage Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

Pure Storage Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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