PSTG Q2 2026

Q1 2027 Q4 2026 Q3 2026 Q2 2026 Q1 2026

Earnings

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% … Read more 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.