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Nov 02, 2025
Pure Storage Q3 2026 Earnings Report
Pure Storage reported strong revenue growth and record non-GAAP operating income in Q3 FY26.
Key Takeaways
Pure Storage exceeded its revenue and profit expectations in Q3 FY26, driven by robust demand for subscription services and expanded enterprise data solutions. The company raised its full-year guidance on both revenue and operating income.
Revenue reached $964.5 million, up from $831.1 million a year earlier.
Net income was $54.8 million with diluted EPS of $0.16.
Subscription services revenue grew to $429.7 million.
Raised FY26 guidance for revenue and non-GAAP operating income.
Revenue by Segment
Forward Guidance
Pure Storage expects Q4 FY26 revenue between $1.02B and $1.04B and raised its full-year guidance, reflecting confidence in sustained growth and profitability.
Positive Outlook
- Q4 FY26 revenue guidance raised to $1.02B–$1.04B.
- FY26 revenue guidance increased to $3.63B–$3.64B.
- FY26 non-GAAP operating income guidance raised to $629M–$639M.
- Strong demand in subscription and enterprise data services.
- Continued investment in R&D and go-to-market to fuel growth.
Challenges Ahead
- GAAP operating income lower than prior year ($53.9M vs. $59.7M).
- EPS declined year-over-year ($0.16 vs. $0.19).
- Higher operating expenses due to increased R&D and sales investment.
- Cash flow impacted by significant share repurchases and tax withholdings.
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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