Pure Storage Q4 Earnings Call Highlights

3 weeks ago 14

MarketBeat

Sat, February 28, 2026 astatine 4:05 PM CST 7 min read

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Strong results and outlook: Pure Storage delivered its first-ever $1 billion gross 4th (Q4, +20% YoY) and full-year gross of $3.7 cardinal (+16% YoY) with Q4 operating nett of $226 million, and guided fiscal 2027 gross of $4.3–4.4 billion and operating nett of $780–820 million.
Cost unit and pricing action: AI-driven shortages successful NAND, memory, CPUs and GPUs led the institution to rise prices (average ~20% connected Feb. 9), which volition unit near-term merchandise gross margins and make visibility challenges until pricing and costs re-synchronize.
Strategic displacement toward information quality and AI scale: The institution is rebranding to Everpure, acquiring 1touch to adhd information discovery/governance capabilities, and is gaining aboriginal traction for its AI-scale FlashBlade//EXA and expanded hyperscaler engagements that should beryllium highly accretive to margins.
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Everpure reported a beardown decorativeness to fiscal 2026, highlighted by its archetypal $1 cardinal gross 4th successful Q4 and full-year gross of $3.7 billion. Executives said results were driven by broad-based spot crossed the business, with peculiar momentum successful endeavor request and improving traction for newer offerings tied to AI-scale workloads.

In the 4th quarter, Everpure posted gross of much than $1 billion, which absorption said represented 20% year-over-year growth. CFO Tarek Robbiati said Q4 operating nett reached a grounds $226 million, implying an operating borderline of 21.3%.

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For the afloat fiscal twelvemonth 2026, Everpure reported:

Total revenue: $3.7 billion, up 16% year-over-year
Operating profit: $635 million, implying a 17.3% operating margin
Free currency flow: $616 million, for a 16.8% escaped currency travel margin

On the gross mix, Q4 merchandise gross was $618 million, up 25% year-over-year, portion subscription gross was $440 million, up 14% year-over-year. Subscription gross represented 42% of Q4 revenue. For fiscal 2026, merchandise gross was $1.97 cardinal (up 16%) and subscription gross was $1.69 cardinal (up 15%).

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Robbiati besides highlighted spot successful ample transactions, saying deals implicit $5 cardinal grew 80% year-over-year successful Q4. The institution added much than 1,100 customers successful fiscal 2026, including 335 successful Q4, ending the twelvemonth with much than 14,500 customers. Everpure said its penetration of the Fortune 500 stood astatine 64%.

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