Pure Storage (PSTG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Pure Storage (PSTG) reported revenue of $778.49 million for the quarter ended April 2025, reflecting a year-over-year increase of 12.3% [1] - The earnings per share (EPS) for the quarter was$ 0.29, down from $0.32 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of$ 771.15 million, resulting in a surprise of +0.95% [1] - The company achieved an EPS surprise of +16.00%, with the consensus EPS estimate being $0.25 [1] Financial Performance Metrics - Product revenue was$ 372.14 million, slightly above the nine-analyst average estimate of $370.97 million, representing a year-over-year change of +7.1% [4] - Subscription services revenue reached$ 406.34 million, exceeding the average estimate of $391.59 million, with a year-over-year increase of +17.4% [4] - Non-GAAP Gross profit from subscription services was$ 313.60 million, surpassing the average estimate of $297.86 million [4] - Non-GAAP Gross profit from product sales was$ 238.11 million, slightly below the average estimate of $241.54 million [4] Stock Performance - Shares of Pure Storage have returned +22% over the past month, outperforming the Zacks S&P 500 composite's +7.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]