Pure Storage 2026 Q2 Earnings Net Income Surges 32.1%

Pure Storage (PSTG) reported its fiscal 2026 Q2 earnings on September 10, 2025. The company delivered a strong performance, with both revenue and profitability showing healthy growth. Total revenue rose 12.7% year-over-year, and net income surged 32.1%, outperforming expectations and signaling improvement in the company’s financial performance. The guidance provided was in line with the current results, indicating a stable forward outlook.

Revenue
Pure Storage’s revenue increased to $861 million in Q2 2026, a 12.7% rise from $763.77 million in the same quarter of the previous year. Product revenue stood at $446.30 million, while subscription services generated $414.70 million. The previous year’s figures for these segments were $402.60 million and $361.18 million, respectively. This reflects a consistent growth trajectory in both core business areas, with subscription services continuing to gain momentum.

Earnings/Net Income
Pure Storage’s earnings per share (EPS) climbed 27.3% to $0.14 in Q2 2026, up from $0.11 in the prior year. The company’s net income also showed strong growth, reaching $47.12 million, a 32.1% increase from $35.67 million in Q2 2025. Despite this improvement, it is worth noting that Pure Storage has reported losses in the same quarter for 12 consecutive years, highlighting the challenges of turning consistent profits. However, the upward trend in both EPS and net income suggests positive momentum.

Price Action
The stock price of Pure Storage has shown a positive trajectory in recent trading periods. On the latest trading day, it edged up 1.00%, climbed 4.19% during the most recent full trading week, and surged 38.53% month-to-date as of the earnings report.

Post-Earnings Price Action Review
Following the earnings release, Pure Storage’s leadership emphasized the company’s strong business performance, pointing to growing demand for cloud data management solutions and robust customer adoption of its hybrid cloud offerings. While the CEO acknowledged macroeconomic uncertainty and supply chain challenges, he expressed confidence in the company’s ability to adapt and maintain growth. The leadership tone was optimistic, with a focus on future innovation, particularly in AI and machine learning, to enhance data intelligence and customer value. The CEO also reiterated the company’s commitment to expanding market share in the enterprise storage segment by leveraging Pure’s differentiated technology and ecosystem partnerships.

Guidance
Pure Storage provided forward-looking guidance, projecting revenue of approximately $861 million for Q2 2026 and EPS of $0.14. The company also emphasized continued investment in R&D to drive innovation and strengthen its long-term market position.

Additional News
Within three weeks of Pure Storage’s earnings report, several notable events occurred in the financial and business landscape. Oracle CEO Larry Ellison overtook Elon Musk as the world’s richest man, driven by strong AI deal performance and a 35% share price surge. Meanwhile, UK travel restrictions for Nigerian travelers were relaxed, with Kaduna upgraded to an “amber” status. In Nigeria, the Federal Government collected N600 billion in VAT from major tech platforms like Facebook, signaling increased regulatory activity in the digital economy. Additionally, a $260 million lawsuit was filed against Tyler Perry by an actor alleging sexual assault, marking a high-profile legal development in the entertainment sector.