Pure Storage (PSTG) reported $1.06 billion in revenue for the quarter ended January 2026, representing a year-over-year increase of 20.4%. EPS of $0.69 for the same period compares to $0.45 a year ago.
The reported revenue represents a surprise of +2.54% over the Zacks Consensus Estimate of $1.03 billion. With the consensus EPS estimate being $0.65, the EPS surprise was +5.83%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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): $1.9 billion versus $1.94 billion estimated by two analysts on average.
- Remaining Performance Obligations (RPO): $3.7 billion compared to the $3.14 billion average estimate based on two analysts.
- Revenue- Product: $618.47 million compared to the $579.07 million average estimate based on nine analysts. The reported number represents a change of +25% year over year.
- Revenue- Subscription services: $440.43 million versus the nine-analyst average estimate of $450.95 million. The reported number represents a year-over-year change of +14.4%.
- Non-GAAP Gross profit- Subscription services: $339.29 million versus the nine-analyst average estimate of $342.02 million.
- Non-GAAP Gross profit- Product: $416.46 million versus the nine-analyst average estimate of $413.75 million.
View all Key Company Metrics for Pure Storage here>>>
Shares of Pure Storage have returned -8.6% over the past month versus the Zacks S&P 500 composite's -0.3% 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 ReportThis article originally published on Zacks Investment Research (zacks.com).
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