1. PSTG reports Q1 revenue growth of 12% year-over-year. 2. Subscription services revenue increased by 17% to $406.3 million. 3. Operating cash flow totaled $283.9 million with free cash flow at $211.6 million. 4. New product launches enhance PSTG's market position in AI and high performance. 5. CFO Kevan Krysler announced departure after 5 years with the company.
Strong revenue and cash flow indicate solid operational performance. Historical trends suggest similar cases led to stock appreciation.
Solid financial performance directly reflects operational health and growth potential, impacting stock valuations.
Immediate positive financial indicators typically impact short-term investor sentiment. Future guidance offered strong growth expectations.
SANTA CLARA, Calif., May 28, 2025 /PRNewswire/ -- 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 first quarter fiscal year 2026 ended May 4, 2025.
"Pure continues to demonstrate the superiority of our technology and strategy through our steady growth and the expansion of our products and services," said Pure Storage CEO and Chairman, Charles Giancarlo. "Pure's platform enables customers to unify, virtualize and modernize their data footprints, across all workloads, over the entire range of performance, capacity and formats, and all with our single, advanced Purity Operating Environment."
"Q1 FY26 was a solid start to the year, with strong revenue growth," said Pure Storage CFO, Kevan Krysler. "Looking ahead, we remain committed to executing on our strategic priorities, driving growth, and maintaining the flexibility to navigate evolving market conditions."
Pure also announced that Kevan Krysler has decided to leave the company after more than five years of service. Krysler will remain at Pure Storage until a successor has been named.
"I want to thank Kevan for his partnership, dedication and loyal service to Pure. Of his numerous contributions to the company, he helped grow the business to over $3 billion in revenue and led our transition to subscriptions, which are now roughly 50% of our revenue," Giancarlo continued.
These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements...
Pure will host a teleconference to discuss the first quarter fiscal 2026 results at 2:00 pm PT today, May 28, 2025. A live audio broadcast of the conference call will be available on the Pure Storage Investor Relations website. Pure will also post its earnings presentation and prepared remarks to this website concurrent with this release.
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Pure Storage (NYSE: PSTG) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy...