Core Insights - Pure Storage Inc. reported third-quarter earnings of 58 cents per share, meeting consensus estimates [2] - Quarterly revenue reached $964.45 million, surpassing analyst expectations of $956.14 million [2] - The company raised its fiscal 2026 revenue guidance to between $3.63 billion and $3.64 billion, slightly above the previous estimate of $3.62 billion [4] Financial Performance - Subscription services revenue was $429.7 million, reflecting a 14% year-over-year increase [6] - Subscription annual recurring revenue (ARR) reached $1.8 billion, up 17% year-over-year [6] - Remaining performance obligations (RPO) totaled $2.9 billion, marking a 24% year-over-year growth [6] Management Commentary - CEO Charles Giancarlo emphasized the company's strong performance as global customers increasingly choose Pure Storage for data management solutions [3] - Giancarlo highlighted the importance of data accessibility in the AI era, noting that Pure's Enterprise Data Cloud enables enterprises to leverage AI, automation, and analytics [4] Stock Performance - Following the earnings report, Pure Storage's stock fell 8.52% to $86.65 in extended trading [4]

Financial Performance - Pure Storage sees fourth quarter revenue of $102 billion to $104 billion, slightly ahead of estimates [1] - Subscription business accounts for approximately 46% of total revenue and continues to grow annually [3] - Storage as a service business grew 25% year-over-year, outpacing overall company growth [3] Market Trends and Opportunities - Hyperscale business is performing well and expected to expand to other hyperscalers [6] - Strong demand in the hyperscale market presents a new opportunity for penetration [7] - Overall demand is increasing in both subscription and product sectors, driven largely by the AI opportunity [13] Technological Advantages and Competitive Landscape - Pure Storage's direct flash technology offers performance advantages and significantly reduces power, space, and cooling requirements compared to hard disks (approximately one-tenth) [8] - In hyperscale environments, Pure Storage faces competition primarily from SSDs and hard disk drives [7] - Pure Storage technology can reduce storage power consumption in data centers from 25% to less than 5%, freeing up 20% for other uses like AI [10] Supply Chain and Macro Concerns - The entire industry faces supply chain constraints due to high demand, largely driven by the AI opportunity [13] - Hyperscalers are already experiencing power constraints, incentivizing them to upgrade data centers and replace existing storage with more efficient solutions [9][10][11]

Core Insights - Pure Storage reported earnings per share (EPS) in line with expectations and revenue that exceeded estimates, projecting fourth-quarter revenue between $1.02 billion and $1.04 billion, slightly ahead of forecasts [1] Financial Performance - The subscription business grew 25% year-over-year, now accounting for approximately 46% of total revenue, indicating strong growth in this segment [3][4] - Overall, the company experienced good growth across its product, subscription, and software businesses, particularly in the hyperscale environment [4] Market Trends - The hyperscale business is performing well, with expectations for continued expansion into other hyperscalers, driven by booming demand in this market [6][7] - Flash storage technology offers significant advantages, including lower power consumption and space requirements compared to traditional hard disk drives, which is crucial for power-constrained hyperscale companies [8][10] Industry Dynamics - The demand for storage solutions is increasing, particularly due to the AI opportunity, although supply chain constraints are affecting the entire industry [13] - As data centers undergo upgrades every 5 to 7 years, there is a significant opportunity for replacing older storage technologies with more efficient solutions [11][12]

Q3 Fiscal 2026 Financial Results December 2, 2025 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 our future period financial and business results, our opportunity relating to hyperscale and AI environments, our ability to meet hyperscalers' performance, price and other requirements, our ability to expand with our current hyperscale customer and to lan ...

Exhibit 99.1 Pure Storage Announces Third Quarter Fiscal 2026 Financial Results Q3 total revenue growth of 16% year-over-year Increases full-year revenue and operating profit guidance SANTA CLARA, Calif. — December 2, 2025 — Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, today announced financial results for its third quarter fiscal year 2026 ended November 2, 2025. "Pure Storage delivered another strong quarter as global customers i ...

Core Insights - Nutanix is positioned as a leading cloud software company, offering a unified cloud platform that integrates compute, storage, virtualization, and networking, catering to various data management needs across on-premises, public clouds, and edge locations [2][4] - The global cloud infrastructure market was valued at over $262.7 billion last year, with projections indicating it could reach $837.97 billion by 2034, reflecting a compound annual growth rate (CAGR) above 12% [4] - Nutanix reported a revenue of $670.58 million in fiscal 1Q26, marking a 13.5% increase year-over-year, although it fell short of forecasts by $6 million [7] - The company has over 29,000 customers, including major corporations like Home Depot and Intel, highlighting its strong market presence [6] Company Overview - Nutanix's platform simplifies operations, enhances performance, and maintains control, which are essential for enterprises of all sizes [1] - The company leverages HyperConverged Infrastructure (HCI) technology, providing flexibility, scalability, and resilience, making it suitable for all applications [2] - The shift towards hybrid and multi-cloud architectures is driving demand for next-generation infrastructure providers, which Nutanix is well-positioned to meet [5] Financial Performance - Nutanix's non-GAAP EPS for the last reported quarter was $0.41, aligning with expectations [7] - Analyst Param Singh from Oppenheimer maintains a bullish outlook on Nutanix, citing its potential to benefit from the industry's shift towards HCI and the opportunity to displace VMware [8] - The current share price of Nutanix is $47.8, with an average target price of $71.17, indicating a potential one-year gain of 32% [8] Market Trends - Enterprises are undergoing significant infrastructure overhauls, rethinking data storage and management strategies, which is reshaping IT budgets [5] - The increasing importance of secure and flexible data storage solutions is driven by the rapid expansion of AI technologies [12] - The demand for unstructured data storage for AI applications is expected to grow, benefiting companies like Nutanix and Pure Storage [15]

Core Insights - Pure Storage, Inc. is set to release its third-quarter earnings results on December 2, with analysts expecting earnings of 58 cents per share, an increase from 50 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $956.48 million, up from $831.07 million a year earlier [1] Company Developments - On November 4, Pure Storage appointed Patrick Finn as the chief revenue officer [2] - The company's shares experienced a slight decline of 0.5%, closing at $88.55 [2] Analyst Ratings - Morgan Stanley analyst Erik Woodring maintained an Equal-Weight rating and raised the price target from $72 to $90 [4] - Citigroup analyst Asiya Merchant maintained a Buy rating and increased the price target from $81 to $110 [4] - Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and raised the price target from $90 to $105 [4] - Raymond James analyst Simon Leopold maintained an Outperform rating and increased the price target from $88 to $99 [4] - Wells Fargo analyst Aaron Rakers maintained an Overweight rating and raised the price target from $80 to $100 [4]

Core Insights - Pure Storage, Inc. is set to release its third-quarter earnings results on December 2, with analysts expecting earnings of 58 cents per share, an increase from 50 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $956.48 million, up from $831.07 million a year earlier [1] Company Developments - On November 4, Pure Storage appointed Patrick Finn as the chief revenue officer [2] - The company's shares fell by 0.5% to close at $88.55 on the preceding Monday [2] Analyst Ratings - Morgan Stanley analyst Erik Woodring maintained an Equal-Weight rating and increased the price target from $72 to $90 [4] - Citigroup analyst Asiya Merchant maintained a Buy rating and raised the price target from $81 to $110 [4] - Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and boosted the price target from $90 to $105 [4] - Raymond James analyst Simon Leopold maintained an Outperform rating and increased the price target from $88 to $99 [4] - Wells Fargo analyst Aaron Rakers maintained an Overweight rating and raised the price target from $80 to $100 [4]

Core Insights - Pure Storage, Inc. (PSTG) is set to report its third-quarter fiscal 2026 results on December 2, 2025, with earnings expected to be 59 cents, reflecting an 18% increase year-over-year, and total revenues estimated at $958.1 million, indicating a 15.3% growth from the previous year [1][3] Financial Performance - PSTG has achieved a trailing four-quarter earnings surprise of 12.4%, consistently beating estimates [2] - For the fiscal third quarter, PSTG anticipates revenues between $950 million and $960 million, representing a 15% increase at the midpoint compared to the previous year [4] - Non-GAAP operating income is projected to be between $185 million and $195 million, with around 14% growth at the midpoint [4] Growth Drivers - The company is experiencing widespread growth across its portfolio, driven by strong enterprise demand and increasing traction in key software and services such as Evergreen//One, Cloud Block Store, and Portworx [3] - Subscription services revenues are a significant contributor, with expectations of reaching $452.3 million, a 20.2% year-over-year increase [5] - The launch of the Enterprise Data Cloud (EDC) is expected to enhance governance, scalability, and agility while reducing costs [6][7] Strategic Initiatives - Initial collaborations with hyperscalers transitioning to DirectFlash technology are expected to support growth [3] - The co-engineering partnership with Meta is progressing, with the first volume rollout underway and initial revenue recognized [3] - Recent advancements in partnership with Cisco aim to enhance AI project scalability [9][10] Market Challenges - Management expresses caution regarding economic fluctuations and tariff volatility, alongside fierce competition in the flash-based storage market [8]

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