Pure Storage Inc
PSTG
$70.43 -2.45%
Exchange: NYSE | Sector: Technology | Industry: Computer Hardware
Q2 2026
Published: Jul 31, 2025

Earnings Highlights

  • Revenue of $861.00M down 2.1% year-over-year
  • EPS of $0.14 increased by 7.7% from previous year
  • Gross margin of 70.2%
  • Net income of 47.12M
  • "The enterprise data cloud is an industry-changing architecture that transforms how organizations store and manage data." - Charlie Giancarlo, Chief Executive Officer
PSTG
Company PSTG

Executive Summary

Pure Storage reported a strong QQ2 2026 performance, underscored by broad-based demand across the portfolio and continued monetization of software and services. Revenue reached $861 million, with subscription services accounting for $415 million (48% of total), reflecting a 15% YoY rise and an ARR of $1.8 billion. The company also disclosed a robust RPO backlog of $2.8 billion, up 22% YoY, and annualized recurring revenue growth supported by Evergreen One and Portworx. Management framed the quarter within a broader shift to the enterprise data cloud, driven by Fusion v2, which enables software-defined data management and global policy-based data governance, a strategic differentiator in a growing AI and cloud-native landscape. Cash generation remained healthy, with $212 million operating cash flow and $150 million in free cash flow, complemented by share buybacks and a strong balance sheet (approximately $1.5 billion in cash and investments).

Key Performance Indicators

Revenue
Decreasing
861.00M
QoQ: 0.00% | YoY: -2.14%
Gross Profit
Increasing
604.34M
70.19% margin
QoQ: 0.00% | YoY: 1.74%
Operating Income
Decreasing
4.87M
QoQ: 0.00% | YoY: -88.53%
Net Income
Increasing
47.12M
QoQ: 0.00% | YoY: 11.04%
EPS
Increasing
0.14
QoQ: 0.00% | YoY: 7.69%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2026 861.00 0.14 -2.1% View
Q1 2026 778.49 -0.04 +1.9% View
Q4 2025 879.84 0.12 +15.2% View