NYSE$P

Everpure Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Pure Storage's Q4 2021 earnings surpassed expectations, with record revenue and sales for both the quarter and the full fiscal year.

Pure Storage reported a strong Q4 2021, with revenue reaching $502.7 million, a 2.2% increase year-over-year. The company saw growth across subscription services, enterprise and cloud segments, and new product lines. The company's Q1 FY22 revenue guidance is $405 million, representing 14%-15% Y/Y growth.

  • Q4 revenue reached $502.7 million, up 2.2% year-over-year.
  • Completed a record number of eight deals greater than $10 million in Q4.
  • Annual Subscription Services revenue exceeded $500 million, achieving 33% growth.
  • FlashBlade and FlashArray//C achieved consecutive record sales quarters.

Headline financials

Total Revenue

$503M

Previous: $492M+2.2%
EPS (adj)

$0.13

Previous: $0.23-43.5%
Subscription ARR

$500M

No prior period
Capital Expenditures

$21.3M

Previous: $13.6M+56.4%
Free Cash Flow

$47.7M

Previous: $56.2M-15.1%
Net Income

-$52.3M

Previous: -$4.65M-1024.3%
Operating Income

-$46.8M

Previous: -$694K-6646.3%
Gross Profit

$341M

Previous: $348M-2.1%
Cash & Equivalents

$337M

Previous: $363M-7.0%
Total Assets

$2.82B

Previous: $2.36B+19.3%
Stock-Based Comp

$62.6M

Previous: $51.9M+20.6%

Revenue & EPS history

Pure Storage · Revenue · Quarterly

$503M

Q4 2021+2.2%vs Q4 2020
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Pure Storage · $503M total across 2 segments · Q4 2021

  • Product
    $350M-6.9%
  • Subscription services
    $152M+31.9%

Forward guidance

Pure Storage anticipates Q1 FY22 revenue of approximately $405 million, representing a 14%-15% year-over-year growth. The company expects non-GAAP operating income of approximately $(20) million for Q1 FY22 and ~$90 million for FY22.

Tailwinds

  • Revenue $405 Million
  • 14%-15% Y/Y Growth
  • Non-GAAP Operating Income (Loss) $(20) Million
  • ~$90 Million

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 Q4 2021

Historical avgQ4 2021

+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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