PSTG Stock Recent News

New Pure Storage platform innovations help customers solve data management challenges today and in the future LAS VEGAS , June 18, 2025 /PRNewswire/ -- Pure//Accelerate – Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today introduced the Enterprise Data Cloud (EDC), a bold new standard in data and storage management simplicity that enables organizations to focus on business outcomes, not infrastructure. Fueled by AI, data volumes are rising and business demands are evolving faster than ever.

New Pure Storage FlashArray and FlashBlade offerings support the most massive demands for increasingly intensive workloads LAS VEGAS , June 18, 2025 /PRNewswire/ -- Pure//Accelerate -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced an expansion of its next-generation storage products designed for the most demanding, high-performance workloads. "In an era where data is king and IT complexity remains a major hurdle to accessing and using data for optimal business value, Pure Storage is once again redefining what's possible for customers," said John Colgrove (Coz), Founder and Chief Visionary at Pure Storage.

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I reiterate my buy rating on Pure Storage due to strong demand, robust execution, and attractive valuation. 1Q26 results validate my bullish stance, with accelerating revenue growth, standout subscription momentum, and healthy margins without relying on price cuts. Key catalysts include hyperscaler traction (Meta win), AI-driven demand, new platform launches, and disciplined pricing strategy to win market share.

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Pure Storage's Q1 results showcased ongoing margin pressure from a highly competitive, commoditized data storage industry, limiting pricing power and growth potential. Despite AI hype, Pure Storage's revenue growth remains tepid. Current trends may even be supported by pull-forwards in infrastructure investments, and are not necessarily sustainable. Rising R&D expenses are eroding operating profits, while the company must spend more just to maintain modest growth rates.

PSTG's fiscal Q1 2026 gains from demand for FlashBlade offerings, AI-driven storage and solid renewals of Evergreen subscriptions amid a volatile macro backdrop.

Pure Storage, Inc. (NYSE:PSTG ) Q1 2026 Results Conference Call May 28, 2025 5:00 PM ET Company Participants Paul Ziots - Vice President, Investor Relations Charlie Giancarlo - Chief Executive Officer Kevan Krysler - Chief Financial Officer Rob Lee - Chief Technology Officer Conference Call Participants Amit Daryanani - Evercore Michael Tsvetanov - Wells Fargo Howard Ma - Guggenheim Securities Pinjalim Bora - JPMorgan Mike Cikos - Needham & Company Jason Ader - William Blair Meta Marshall - Morgan Stanley Simon Leopold - Raymond James Mike Cadiz - Citigroup Max Michaelis - Lake Street Capital Markets Caden Dahl - Piper Sandler Operator Good day, and welcome to the Pure Storage First Quarter Fiscal 2026 Financial Results Conference Call. Today's conference is being recorded.

While the top- and bottom-line numbers for Pure Storage (PSTG) give a sense of how the business performed in the quarter ended April 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.