Pure Storage, Inc. (NYSE: PSTG) Q1 2026 Earnings Call 5/29/2025

About this video

Pure Storage, Inc. (NYSE: PSTG) reported impressive Q1 2026 results on May 29, 2025, with revenue rising 18% year-over-year to $693.5 million—well above analyst expectations. Subscription annual recurring revenue (ARR) grew 25% to $1.4 billion, and product revenue increased 19% to $408.6 million, driven by robust demand for AI-optimized storage solutions and continued customer expansion. Gross margin remained strong at 71%, and non-GAAP operating margin improved to 17.5%. Adjusted earnings per share jumped to $0.41, up from $0.08 a year ago, handily beating consensus estimates. The company highlighted record wins in AI storage, with more than 50% of Fortune 100 companies now using Pure’s platform for mission-critical and AI workloads. Pure Storage also expanded its partnership ecosystem, including new collaborations with leading cloud and AI infrastructure providers. The company ended the quarter with $1.5 billion in cash and short-term investments, supporting ongoing innovation and growth initiatives. Management raised full-year guidance, now expecting revenue of $3.1–$3.2 billion (up from $3.05–$3.15 billion) and non-GAAP operating margin of 18–19%, reflecting confidence in sustained demand for next-generation storage and AI solutions. Pure Storage remains focused on scaling its subscription business, driving operational efficiency, and delivering industry-leading customer satisfaction. About Inside Ticker: For more expert analysis and real-time updates on Pure Storage, Inc. (NYSE: PSTG) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #PureStorage #PSTG #EarningsCall #Q12026 #AIStorage #Cloud #TechStocks #StockMarket #Investing #InsideTicker