NYSE$P
Everpure Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Pure Storage's Q3 2024 financial results were announced, featuring record sales for FlashBlade portfolio and increased operating margin.
Pure Storage reported a 13% year-over-year increase in revenue, reaching $762.8 million, with subscription services revenue up 26% year-over-year. The company's subscription ARR also grew by 26% year-over-year, reaching $1.3 billion. They also expect nearly $400 Million of Combined Annual Evergreen//One and Evergreen//Flex Sales.
- Revenue increased by 13% year-over-year to $762.8 million.
- Subscription services revenue grew by 26% year-over-year to $309.6 million.
- Subscription annual recurring revenue (ARR) increased by 26% year-over-year to $1.3 billion.
- GAAP operating income was $74.2 million, while non-GAAP operating income was $169.1 million.
Headline financials
Revenue & EPS history
Pure Storage · Revenue · Quarterly
$763M
Revenue by segment
Pure Storage · $763M total across 2 segments · Q3 2024
- Product$453M+5.1%59.4%
- Subscription services$310M+26.5%40.6%
Forward guidance
Pure Storage provided guidance for Q4 FY24 with revenue of $782 million, non-GAAP operating income of $150 million, and non-GAAP operating margin of 19%. For the full fiscal year 2024, revenue is projected to be $2.82 billion, with non-GAAP operating income of $450 million and a non-GAAP operating margin of 16%.
Tailwinds
- Q4 revenue is expected to be $782 million.
- Full year revenue is expected to be $2.82 billion.
- Q4 non-GAAP operating income is expected to be $150 million.
- Full year non-GAAP operating income is expected to be $450 million.
- Q4 non-GAAP operating margin is expected to be 19%.
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 Q3 2024
+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
| Quarter | Report date | Reaction (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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