Pure Storage

PSTG Q4 2026 Earnings

Reported Feb 25, 2026 at 4:06 PM ET · SEC Source

Q4 26 EPS

$0.69

BEAT +7.81%

Est. $0.64

Q4 26 Revenue

$1.06B

BEAT +2.58%

Est. $1.03B

vs S&P Since Q4 26

-9.5%

TRAILING MARKET

PSTG -3.1% vs S&P +6.4%

Full Year 2026 Results

FY 26 Revenue

$3.66B

BEAT +0.73%

Est. $3.64B

Market Reaction

Did PSTG Beat Earnings? Q4 2026 Results

Everpure, the company formerly known as Pure Storage, capped a landmark quarter by crossing the $1 billion revenue threshold for the first time, reporting Q4 FY2026 revenue of $1.06 billion, up 20.4% year-over-year and ahead of the $1.03 billion cons… Read more Everpure, the company formerly known as Pure Storage, capped a landmark quarter by crossing the $1 billion revenue threshold for the first time, reporting Q4 FY2026 revenue of $1.06 billion, up 20.4% year-over-year and ahead of the $1.03 billion consensus by 2.58%. Non-GAAP diluted EPS came in at $0.69, beating the $0.64 estimate by 7.81%, as non-GAAP operating income surged to $225.69 million from $153.09 million a year earlier, expanding operating margins to 21.3%. The primary engine behind the outperformance was robust demand across Enterprise and Hyperscaler sectors, with subscription ARR climbing 16% to $1.90 billion and remaining performance obligations rising over 40% to $3.70 billion, signaling durable future revenue. The quarter coincided with the company's strategic rebranding and introduction of its Enterprise Data Cloud architecture, moves that drew mixed investor reaction despite strong fundamentals, with some watching the broader storage sector closely. Looking ahead, management guided full-year FY27 revenue of $4.30 billion to $4.40 billion, representing 17% to 20% growth.

Key Takeaways

  • First billion-dollar revenue quarter driven by 20% YoY growth
  • Subscription ARR of $1.9B up 16% YoY
  • RPO growth of over 40% YoY to $3.7B
  • Non-GAAP operating margin expansion to 21.3% from 17.4% YoY
  • Strong demand across Enterprise and Hyperscaler sectors
24/7 Wall St

PSTG YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

24/7 Wall St

PSTG Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q1 27

“Everpure delivered an outstanding fourth quarter, achieving our first billion-dollar revenue quarter and capping off a strong fiscal year.”

— Charles Giancarlo, Q4 2026 Earnings Press Release