PSTG Stock Recent News

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.

Pure Storage (PSTG) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.32 per share a year ago.

Pure Storage stock fell late Wednesday, despite the enterprise data storage company reporting strong fiscal Q1 results.

Q1 total revenue growth of 12% year-over-year Storage as a Service offerings TCV sales growth of 70% SANTA CLARA, Calif. , May 28, 2025 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its first quarter fiscal year 2026 ended May 4, 2025.

PSTG and SK hynix join forces on cutting-edge QLC flash storage solutions engineered for the next generation of data-intensive, hyperscale environments.

B of A Securities analyst Wamsi Mohan revised full-year estimates for Pure Storage, Inc. PSTG ahead of its earnings release on May 28.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

SANTA CLARA, Calif. , May 27, 2025 /PRNewswire/ -- Pure Storage® (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced a collaboration with SK hynix Inc, a pioneer in the global AI memory industry, to deliver state-of-the-art QLC flash storage products that meet the high-capacity, energy efficient requirements for data-intensive hyperscaler environments.

PSTG is set to report Q1 results May 28 with 11% revenue growth expected, fueled by FlashArray demand, AI offerings and steady subscription gains.