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Nov 03, 2024
Pure Storage Q3 2025 Earnings Report
Pure Storage's Q3 2025 financial results were announced, marked by revenue growth and a significant hyperscaler design win.
Key Takeaways
Pure Storage reported a 9% year-over-year increase in revenue, reaching $831.1 million, and a 22% increase in subscription services revenue. The company also secured an industry-first design win from a top-four hyperscaler. They exceeded expectations on revenue and operating income.
Revenue increased by 9% year-over-year to $831.1 million.
Subscription services revenue grew by 22% year-over-year to $376.4 million.
Subscription ARR increased by 22% year-over-year to $1.6 billion.
GAAP operating income was $59.7 million, while non-GAAP operating income was $167.3 million.
Revenue by Segment
Forward Guidance
Pure Storage provided revenue and non-GAAP operating income guidance for Q4FY25 and full year FY25.
Positive Outlook
- Q4FY25 Revenue: $867 million
- Q4FY25 Revenue YoY Growth Rate: 9.7%
- Q4FY25 Non-GAAP Operating Income: $135 million
- Q4FY25 Non-GAAP Operating Margin: 15.6%
- FY25 Revenue: $3.15 billion
Challenges Ahead
- FY25 Revenue YoY Growth Rate: 11.5%
- FY25 Non-GAAP Operating Income: $540 million
- FY25 Non-GAAP Operating Margin: 17%
- Guidance is forward-looking and actual results may differ materially.
- Pure has not reconciled its guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures because certain items that impact these measures are not within Pure’s control and/or cannot be reasonably predicted.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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