NYSE$P

Everpure Inc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Reported strong financial results with revenue growth and subscription services ARR increase.

Pure Storage announced strong financial results for Q2 fiscal year 2025. Total revenue increased by 11% year-over-year, with subscription services ARR growing by 24% year-over-year. The company's platform innovation and ESG leadership were also highlighted.

  • Total revenue reached $763.8 million, an 11% increase year-over-year.
  • Subscription services revenue grew to $361.2 million, a 25% increase year-over-year.
  • Subscription ARR reached $1.5 billion, reflecting a 24% year-over-year growth.
  • GAAP operating income was $24.9 million, while non-GAAP operating income was $138.6 million.

Headline financials

Total Revenue

$764M

Previous: $689M+10.9%
EPS (adj)

$0.44

Previous: $0.34+29.4%
Subscription ARR

$1.53B

Previous: $1.2B+27.1%
RPO

$2.3B

No prior period
GAAP Gross Margin

70.7%

No prior period
Non-GAAP Gross Margin

72.1%

No prior period
GAAP Operating Margin

3.3%

No prior period
Non-GAAP Operating Margin

17.8%

No prior period
Capital Expenditures

-$60M

Previous: $55.1M-208.9%
Net Income

$35.7M

Previous: -$7.12M+601.4%
Operating Income

$24.9M

Previous: -$6.23M+499.5%
Gross Profit

$540M

Previous: $487M+11.0%
R&D Expense

$195M

No prior period
Stock-Based Comp

$105M

Previous: $89.4M+17.3%

Revenue & EPS history

Pure Storage · Revenue · Quarterly

$764M

Q2 2025+10.9%vs Q2 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Pure Storage · $693M total across 2 segments · Q1 2025

  • Product
    $347M+12.4%
  • Subscription services
    $346M+23.5%

Forward guidance

Pure Storage provided guidance for Q3 FY25 and full year FY25, including revenue, revenue YoY growth rate, Non-GAAP operating income, and Non-GAAP operating margin.

Tailwinds

  • Q3 FY25 Revenue: $815M
  • Q3 FY25 Revenue YoY Growth Rate: 6.8%
  • Q3 FY25 Non-GAAP Operating Income: $140M
  • Q3 FY25 Non-GAAP Operating Margin: 17.2%
  • FY25 Revenue: $3.1B

Headwinds

  • FY25 Revenue YoY Growth Rate: 10.5%
  • TCV Sales for Subscription-as-a-Service Offerings: $500M
  • TCV Sales for Subscription-as-a-Service Offerings YoY Growth Rate: Approximately 25%
  • FY25 Non-GAAP Operating Income: $532M
  • FY25 Non-GAAP Operating Margin: 17%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.2%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+0.9%

Avg return

30 days after

44%

19 / 43 earnings

Positive

+32.3%

Q2 2026

Best reaction

-27.3%

Q3 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-14.9%-3.2%
Q4 2026-10.2%-16.1%-19.8%
Q3 2026-27.3%-25.0%-27.1%
Q2 2026+32.3%+27.3%+35.4%
Q1 2026-2.7%-0.5%+0.5%
Q4 2025-14.8%-19.7%-26.3%
Q3 2025+23.2%+22.4%+17.8%
Q2 2025-17.7%-16.1%-19.1%
Q1 2025+1.2%-7.9%-13.5%
Q4 2024+26.9%+34.3%+25.3%
Q3 2024-7.1%-8.3%-0.6%
Q2 2024+0.7%+5.6%-1.9%
Q1 2024+20.0%+17.0%+25.2%
Q4 2023-14.4%-14.3%-10.6%
Q3 2023+2.7%-0.6%-9.2%
Q2 2023-4.3%-1.1%-7.2%
Q1 2023+19.6%+17.0%+4.3%
Q4 2022+17.3%+13.6%+37.8%
Q3 2022+12.6%+8.7%+21.3%
Q2 2022+15.2%+23.5%+31.0%
Q1 2022+1.2%+1.0%+6.0%
Q4 2021-7.2%-4.2%-15.4%
Q3 2021-7.9%-6.4%+21.8%
Q2 2021-9.9%-9.4%-13.5%
Q1 2021+1.4%-0.2%-0.9%
Q4 2020-3.8%-4.2%-20.0%
Q3 2020-16.0%-18.2%-15.8%
Q2 2020+17.3%+15.3%+27.2%
Q1 2020-22.5%-19.3%-17.0%
Q4 2019+2.0%-1.6%+6.6%
Q3 2019-7.3%-9.3%-16.4%
Q2 2019+15.4%+21.9%+26.4%
Q1 2019-6.0%-12.4%+2.2%
Q4 2018-1.3%-5.2%-7.9%
Q3 2018-4.5%-8.3%-12.3%
Q2 2018+18.1%+16.0%+23.5%
Q1 2018+9.0%+17.5%+24.4%
Q4 2017-14.2%-17.5%-13.8%
Q3 2017-11.6%-9.1%-20.7%
Q2 2017-1.8%+0.7%+17.3%
Q1 2017-14.4%-18.7%-30.3%
Q4 2016-4.1%
Q3 2016+20.4%
Q2 2016
Q1 2016
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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