UNITED STATES SECURITIES AND EXCHANGE COMMISSION Title of each class Trading symbol(s) Name of each exchange on which registered Class A Common Stock, $0.0001 par value per sharePSTG New York Stock Exchange LLC Washington, D.C. 20549 FORM10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fr ...

The computer storage devices industry players are well-poised to gain from solid momentum in cloud computing, Internet of Things (IoT), auto, connected devices, virtual reality and Artificial Intelligence (AI) in the long run. Per a report from Gartner, worldwide IT spending is projected to reach $5.26 trillion in 2024, indicating an increase of 7.5% from the 2023 levels. This is an improvement over the earlier projection of overall spending of $5.06 trillion. Gartner also reported that data center systems ...

Pure Storage (PSTG) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this data storage company have returned -5.5%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Computer- Storage Devices industry, which Pure Storage falls in, has lost 13.6%. The key question now is: What could be the stock's future direction? ...

Pure Storage (PSTG) reported non-GAAP earnings per share (EPS) of 44 cents for second-quarter fiscal 2025, which beat the Zacks Consensus Estimate by 15.8%. The company reported non-GAAP EPS of 34 cents in the prior-year quarter. Total revenues soared 11% from the year-ago quarter to $763.8 million and beat the Zacks Consensus Estimate by 1%. The top-line expansion stemmed from healthy demand trends across the data storage platform as customers shift cost-sensitive workloads to all-flash. Steady momentum in ...

Pure Storage Inc (NYSE:PSTG) stock is moving sharply lower today, despite the data storage name reporting generally upbeat second-quarter results, including better-than-anticipated earnings and revenue. Though the company maintained its full-year revenue outlook, it lowered its guidance for subscription-as-aservice (SaaS) related total contact value, while FactSet reported that its operating income guidance came in below expectations. It's also worth noting that sector peer NetApp (NTAP) is plummeting despi ...

Pure Storage, Inc. (NYSE:PSTG) Q2 2025 Earnings Call Transcript August 28, 2024 5:00 PM ET Company Participants Paul Ziots - VP of IR Charlie Giancarlo - CEO Kevan Krysler - CFO Rob Lee - CTO Conference Call Participants Amit Daryanani - Evercore ISI Howard Ma - Guggenheim Securities Mike Cikos - Needham Jason Ader - William Blair Asiya Merchant - Citigroup Quinton Gabrielli - Piper Sandler Meta Marshall - Morgan Stanley Mehdi Hosseini - Susquehanna Jeff Koche - Raymond James Robert Mertens - TD Securities ...

Pure Storage (PSTG) reported $763.77 million in revenue for the quarter ended July 2024, representing a yearover-year increase of 10.9%. EPS of $0.44 for the same period compares to $0.34 a year ago. The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $756.59 million. With the consensus EPS estimate being $0.38, the EPS surprise was +15.79%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Pure Storage (PSTG) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15.79%. A quarter ago, it was expected that this data storage company would post earnings of $0.22 per share when it actually produced earnings of $0.32, delivering a surprise of 45.45%. Over the last four quarters, ...

| --- | --- | |-------|-------| | | | | | | | | | | | | Forward Looking Statements and Non-GAAP Information This presentation contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to future period financial and business results, demand for our products and subscription services, including Evergreen//One, our technology and product strategy, specifically customer priorities around sustainability, the environmental and energy savin ...

Exhibit 99.1 Pure Storage Announces Second Quarter Fiscal 2025 Financial Results Q2 total revenue growth of 11% year-over-year Subscription services ARR growing 24% year-over-year SANTA CLARA, Calif. – August 28, 2024 – Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its second quarter fiscal year 2025 ended August 4, 2024. "In a world where energy demands are soaring, the power savings of Pure St ...