Everpure, Inc.
Q2 2026 Earnings
Market Reaction
Did P Beat Earnings? Q2 2026 Results
Pure Storage capped a strong second quarter of fiscal 2026 with results that cleared Wall Street's bar on both the top and bottom lines, sending shares sharply higher in the days that followed. The company posted revenue of $861.00 million, up 12.7% year over year and ahead of the $846.45 million consensus estimate, while non-GAAP diluted EPS of $0.43 beat expectations of $0.39 by 10.88%. The clearest engine behind the quarter was the continued shift toward subscription-based consumption, with subscription services revenue climbing 15% to $414.70 million and subscription ARR reaching $1.80 billion, up 18% year over year, underscoring the durability of Pure's recurring revenue model. Storage as a Service TCV sales grew 24%, reflecting accelerating demand for flexible, consumption-driven deployments, a dynamic that analysts have linked in part to surging interest from hyperscale customers. Management translated that momentum into raised full-year guidance, now targeting FY26 revenue of $3.60 billion to $3.63 billion, representing 13.5% to 14.5% growth, with Q3 revenue guided to $950.00 million to $960.00 million.
- 13% year-over-year total revenue growth
- Subscription services revenue growth of 15% year-over-year
- Subscription ARR of $1.8 billion, up 18% year-over-year
- Storage as a Service Offerings TCV sales growth of 24%
- Remaining performance obligations of $2.8 billion, up 22% year-over-year
“Our strong second quarter results demonstrate ever more customers' confidence in the value of the Pure Storage platform to advance their data storage and management now and into the future. Today, enterprise applications are stuck in inflexible legacy systems that lock data in silos. With Purity and Pure Fusion, customers virtualize their storage to create their own Enterprise Data Cloud to unlock their data for business value.”
P CEO, on the earnings call
Forward Guidance & Outlook
Pure Storage raised full-year FY26 guidance: revenue is now expected at $3.60B to $3.63B (up from $3.515B), representing 13.5% to 14.5% year-over-year growth. Non-GAAP operating income guidance was raised to $605M to $625M (from $595M), representing 8.2% to 11.7% year-over-year growth. For Q3 FY26, the company expects revenue of $950M to $960M (14.3% to 15.5% YoY growth) and non-GAAP operating income of $185M to $195M (10.6% to 16.6% YoY growth). The company remains committed to executing on strategic priorities to drive profitable growth while maintaining flexibility to navigate evolving market conditions.
P YoY Financials
P Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.