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Compared to Estimates, Pure Storage (PSTG) Q3 Earnings: A Look at Key Metrics

By Zacks Equity Research | December 02, 2025, 6:30 PM

Pure Storage (PSTG) reported $964.45 million in revenue for the quarter ended October 2025, representing a year-over-year increase of 16.1%. EPS of $0.58 for the same period compares to $0.50 a year ago.

The reported revenue represents a surprise of +0.66% over the Zacks Consensus Estimate of $958.14 million. With the consensus EPS estimate being $0.59, the EPS surprise was -1.69%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Pure Storage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Subscription Annual Recurring Revenue (ARR): $1.8 billion compared to the $1.88 billion average estimate based on two analysts.
  • Remaining Performance Obligations (RPO): $2.9 billion compared to the $2.82 billion average estimate based on two analysts.
  • Revenue- Product: $534.76 million compared to the $510.23 million average estimate based on nine analysts. The reported number represents a change of +17.6% year over year.
  • Revenue- Subscription services: $429.69 million compared to the $447.07 million average estimate based on nine analysts. The reported number represents a change of +14.2% year over year.
  • Non-GAAP Gross profit- Subscription services: $324.53 million versus the nine-analyst average estimate of $342.56 million.
  • Non-GAAP Gross profit- Product: $389.7 million versus the nine-analyst average estimate of $343.76 million.

View all Key Company Metrics for Pure Storage here>>>

Shares of Pure Storage have returned -10.2% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Pure Storage, Inc. (PSTG): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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