PSTG Stock - Pure Storage, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $3.17B | $2.83B | $2.75B | $2.18B | $1.68B |
| Gross Profit | $2.21B | $2.02B | $1.90B | $1.47B | $1.15B |
| Gross Margin | 69.8% | 71.4% | 68.9% | 67.5% | 68.2% |
| Operating Income | $85.26M | $53.55M | $83.51M | $-98,398,000 | $-261,033,000 |
| Net Income | $106.74M | $61.31M | $73.07M | $-143,259,000 | $-282,076,000 |
| Net Margin | 3.4% | 2.2% | 2.7% | -6.6% | -16.7% |
| EPS | $0.33 | $0.20 | $0.24 | $-0.50 | $-1.05 |
Pure Storage, Inc. provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array. The company also provides FlashBlade, a solution for unstructured data workloads of various types; FlashStack that combines compute, network, and storage to provide an infrastructure platform; FlashRecover, an all-flash modern data-protection solution; and AIRI, a full-stack AI-ready infrastructure. In addition, it offers evergreen storage subscription, Pure as-a-Service, and Cloud Block Store, as well as Portworx a cloud-native Kubernetes data management solution It also offers technical and professional, training and education, and certification services. The company sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Mountain View, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 3rd 2025 | TD Cowen | Reiterated | Buy | $100← $85 |
| December 3rd 2025 | Susquehanna | Downgrade | Neutral | $100 |
| November 17th 2025 | Oppenheimer | Initiation | Outperform | - |
| August 28th 2025 | Needham | Reiterated | Buy | $85← $75 |
| August 21st 2025 | Morgan Stanley | Resumed | Equal Weight | $60 |
| December 4th 2024 | Barclays | Reiterated | Equal Weight | $61← $56 |
| December 4th 2024 | Wells Fargo | Reiterated | Overweight | $80← $75 |
| December 4th 2024 | Citigroup | Reiterated | Buy | $75← $63 |
| December 4th 2024 | JP Morgan | Reiterated | Overweight | $75← $60 |
| December 4th 2024 | Needham | Reiterated | Buy | $75← $62 |
| December 4th 2024 | Evercore ISI | Reiterated | Outperform | $75← $70 |
| December 4th 2024 | Stifel | Reiterated | Hold | $65← $60 |
| December 4th 2024 | TD Cowen | Reiterated | Buy | $80← $70 |
| December 4th 2024 | Piper Sandler | Upgrade | Overweight | $76← $56 |
| November 15th 2024 | Cleveland Research | Initiation | Neutral | - |
Earnings History & Surprises
PSTGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 26, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $0.65 | — | — | — |
Q4 2025 | Dec 2, 2025 | $0.58 | $0.58 | 0.0% | = MET |
Q3 2025 | Aug 27, 2025 | $0.39 | $0.43 | +10.8% | ✓ BEAT |
Q2 2025 | May 28, 2025 | $0.25 | $0.29 | +18.0% | ✓ BEAT |
Q1 2025 | Mar 27, 2025 | — | $0.12 | — | — |
Q1 2025 | Feb 26, 2025 | $0.41 | $0.45 | +8.5% | ✓ BEAT |
Q3 2024 | Aug 28, 2024 | $0.37 | $0.44 | +19.3% | ✓ BEAT |
Q2 2024 | May 29, 2024 | $0.21 | $0.32 | +52.1% | ✓ BEAT |
Q1 2024 | Mar 26, 2024 | $0.44 | $0.50 | +13.6% | ✓ BEAT |
Q1 2024 | Feb 28, 2024 | $0.44 | $0.50 | +14.7% | ✓ BEAT |
Q3 2023 | Aug 30, 2023 | $0.28 | $0.34 | +21.4% | ✓ BEAT |
Q2 2023 | May 31, 2023 | $0.04 | $0.08 | +114.6% | ✓ BEAT |
Q2 2023 | Apr 1, 2023 | — | $0.22 | — | — |
Q1 2023 | Mar 1, 2023 | $0.39 | $0.53 | +35.9% | ✓ BEAT |
Q3 2022 | Aug 31, 2022 | $0.22 | $0.32 | +45.5% | ✓ BEAT |
Q2 2022 | Jun 1, 2022 | $0.04 | $0.25 | +479.9% | ✓ BEAT |
Q2 2022 | Apr 7, 2022 | — | $0.05 | — | — |
Q4 2021 | Nov 23, 2021 | $0.12 | $0.22 | +83.3% | ✓ BEAT |
Q3 2021 | Aug 25, 2021 | $0.05 | $0.14 | +180.0% | ✓ BEAT |
Latest News
Pure Storage Announces $400M Share Repurchase Authorization
📈 PositiveBenzinga Market Summary: S&P Rises As Yields Drop After Decline In Payrolls, Bitcoin Rises Above $93,000, Pure Storage Sinks On Earnings Report
📈 PositiveCitigroup Maintains Buy on Pure Storage, Lowers Price Target to $105
📈 PositiveLake Street Maintains Buy on Pure Storage, Raises Price Target to $92
📈 PositiveBarclays Maintains Equal-Weight on Pure Storage, Raises Price Target to $77
📈 PositiveWedbush Maintains Outperform on Pure Storage, Raises Price Target to $100
📈 PositiveShares of memory and storage stocks are trading lower in possible sympathy with Pure Storage, which fell over 25% after reporting Q3 results.
📉 NegativeJP Morgan Maintains Overweight on Pure Storage, Lowers Price Target to $105
📈 PositiveSusquehanna Downgrades Pure Storage to Neutral, Maintains Price Target to $100
➖ NeutralUBS Maintains Sell on Pure Storage, Raises Price Target to $60
➖ NeutralPure Storage shares are trading lower. The company reported Q3 financial results.
📉 NegativePure Storage tumbles after Q3 results, analysts show mixed sentiment
📉 NegativeNeedham Reiterates Buy on Pure Storage, Maintains $100 Price Target
📈 PositivePure Storage shares are trading lower. The company reported Q3 financial results.
📉 NegativePure Storage Raises FY2026 Sales Guidance from $3.600B-$3.630B to $3.630B-$3.640B vs $3.619B Est
📈 PositivePure Storage Sees Q4 Sales $1.020B-$1.040B vs $1.023B Est
➖ NeutralPure Storage Q3 Adj. EPS $0.58, Inline, Sales $964.453M Beat $956.135M Estimate
📈 PositiveOppenheimer Initiates Coverage On Pure Storage with Outperform Rating, Announces Price Target of $120
📈 PositiveMorgan Stanley Maintains Equal-Weight on Pure Storage, Raises Price Target to $90
📈 PositivePure Storage And Cisco Systems Announce A New FlashstackCisco Validated Design, A Key Module Within The Cisco Secure AI Factory With NVIDIA
📈 PositiveFrequently Asked Questions about PSTG
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