Pure Storage Surges to 394th in Trading Volume with $255 Million Day

On May 27, 2025, Pure Storage (PSTG) saw a trading volume of $255 million, marking a 66.31% increase from the previous day. This surge placed Pure Storage at the 394th position in terms of trading volume for the day. The stock price of Pure Storage rose by 0.27%.

Pure Storage's operating margin is expected to expand due to the recent weakness in NAND pricing. Analysts anticipate that the company will reiterate its full-year operating margin guidance of 17%.

Pure Storage has demonstrated solid growth, with revenue increasing by 11.92% over the last twelve months. The company has partnered with SK hynix to develop QLC flash products, which will be purpose-built for future DirectFlash Module products. This collaboration highlights Pure Storage's strategic shift towards capturing market share in the rapidly expanding hyperscale data center segment.

Analysts have revised their full-year estimates for Pure Storage, forecasting first-quarter fiscal 2026 revenue and EPS at $772 million and 26 cents, respectively. This is slightly ahead of market expectations of $770 million and 25 cents. The first quarter is typically the company's weakest from a seasonal perspective, with an average sequential revenue decline of 16% since 2016. However, the continued adoption of FlashBlade/E is expected to result in a more moderate 12% quarter/quarter decline, reflecting continued momentum.

Despite the negative impact on product margins from the adoption of FlashBlade/E, the analyst forecasts an operating margin of 10.7% for the first fiscal quarter. This is higher than both the Street's estimate of 10.6% and the company's guidance of 10.4%. The primary driver for this stronger-than-expected operating margin is robust subscription margins. The analyst also estimates the second-quarter revenue to be $835 million, slightly below the Street estimate of $839 million. The recent weakness in NAND pricing is expected to support margin expansion in the second and third quarters, as Pure Storage typically prebuys raw NAND during such periods.