$PSTG

Pure Storage Non-GAAP EPS of $0.58 in-line, revenue of $964.5M beats by $8.02M
Dec. 02, 2025 Q3 Non-GAAP EPS of $0.58 in-line.

Revenue of $964.5M (+16.1% Y/Y) beats by $8.02M.

Remaining performance obligations (RPO) $2.9 billion, up 24% year-over-year

GAAP gross margin 72.3%; non-GAAP gross margin 74.1%

GAAP operating income $53.9 million; non-GAAP operating income $196.2 million

GAAP operating margin 5.6%; non-GAAP operating margin 20.3%

Operating cash flow $116.0 million; free cash flow $52.6 million

Total cash, cash equivalents, and marketable securities $1.5 billion

Returned approximately $53 million to stockholders through share repurchases of 0.6 million shares.

Fourth Quarter and FY26 Guidance

Pure Storage sinks after Q3's GAAP EPS comes up short of market expectations
Dec. 02, 2025

Pure Storage (PSTG) shares sank 10% during early post-market trading Tuesday after reporting its third quarter fiscal 2026 financial results.

Its shares had gained 7% by the close of the trading day.

For the quarter ended November 2, the data storage and management company reported adjusted earnings per share of $0.58 compared to the consensus estimate of $0.58. GAAP EPS was $0.16 versus the estimate of $0.24.

Revenue for the third quarter increased 16% year over year to total $964M, which was more than the $956.5M estimate. Its adjusted gross margin was 74% versus the 72% estimate.

Looking ahead, Pure Storage projects fourth-quarter revenue ranging from $1.02B to $1.04B compared to the $1.02B estimate.

"Competitive advantage in the AI era demands data accessibility," said Pure Storage CEO Charles Giancarlo. "Pure's Enterprise Data Cloud breaks data free from application silos, allowing enterprises to harness the power of AI, automation, and analytics."

Pure Storage also increased its full fiscal 2026 guidance. It raised its revenue outlook to range from $3.63B to $3.64B versus its prior guidance of $3.6B to $3.63B. It also expects its adjusted operating income to range from $629M to $639M compared to its prior guidance of $605M to $625M.