NYSE$P

Everpure Inc · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Pure Storage reported strong Q2 2026 results with double-digit revenue growth and increased profitability.

Pure Storage exceeded revenue and operating profit expectations in Q2 2026, driven by growth in subscription services and adoption of its platform. Net income rose to $47.1 million and free cash flow reached $150.1 million.

  • Revenue grew 13% year-over-year to $861 million.
  • Subscription services revenue increased 15% YoY to $414.7 million.
  • GAAP net income reached $47.1 million, or $0.14 per share.
  • Free cash flow totaled $150.1 million, reflecting solid cash generation.

Headline financials

Total Revenue

$861M

Previous: $764M+12.7%
EPS (adj)

$0.43

Previous: $0.44-2.3%
Subscription ARR

$1.8B

Previous: $1.53B+18.0%
RPO

$2.8B

Previous: $2.3B+22.0%
GAAP Gross Margin

70.2%

Previous: 70.7%-0.7%
Non-GAAP Gross Margin

72.1%

Previous: 72.1%+0.0%
GAAP Operating Margin

0.6%

Previous: 3.3%-81.8%
Non-GAAP Operating Margin

15.1%

Previous: 17.8%-15.2%
Net Income

$47.1M

Previous: $35.7M+32.1%
Operating Income

$4.87M

Previous: $24.9M-80.4%
Gross Profit

$604M

Previous: $540M+11.9%

Revenue & EPS history

Pure Storage · Revenue · Quarterly

$861M

Q2 2026+12.7%vs Q2 2025
Beat estimate in 11 of 15 quarters(73%)
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 raised its full-year revenue and non-GAAP operating income guidance, citing strong demand for its data storage solutions and recurring revenue growth.

Tailwinds

  • Raised FY26 revenue guidance to $3.60B–$3.63B.
  • Increased FY26 non-GAAP operating income guidance to $605M–$625M.
  • Q3 revenue expected between $950M–$960M.
  • Expected Q3 non-GAAP operating income of $185M–$195M.
  • Continued demand for subscription and next-gen storage solutions.

Headwinds

  • Slight year-over-year compression in GAAP operating margin.
  • Competitive pressure in enterprise storage market remains.
  • Stock-based compensation continues to impact GAAP results.
  • Macroeconomic and IT budget uncertainties persist.
  • Potential for revenue seasonality and deal timing to affect Q3 results.

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 2026

Historical avgQ2 2026

+0.6%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.9%

Avg return

30 days after

45%

19 / 42 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
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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