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Tuesday, December 3, 2024

Pure Storage (PSTG) reported earnings on Tue 3 Dec 24 (a/h)

  1. Note: Pure Storage rebranded to Everpure on February 23, 2026.  It changed its stock ticker symbol on the New York Stock Exchange (NYSE) from "PSTG" to "P" on April 17, 2026. 
 ** charts before earnings **
 
 
 
**  2nd day after earnings ** 
 

 Pure Storage beats by $0.09, beats on revs; guides Q4 revs above consensus 
  • Reports Q3 (Oct) earnings of $0.50 per share, excluding non-recurring items, $0.09 better than the FactSet Consensus of $0.41; revenues rose 9.0% year/year to $831.1 mln vs the $814.9 mln FactSet Consensus.
  • Subscription annual recurring revenue (ARR) $1.6 billion, up 22% year-over-year.
  • Remaining performance obligations (RPO) $2.4 billion, up 16% year-over-year.
  • Co issues upside guidance for Q4, sees Q4 revs of $867 mln vs. $855.87 mln FactSet Consensus. Sees Non-GAAP Operating Margin of 15.6%.

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