Pure Storage, Inc.
97.58+2.24 (+2.35%)
Oct 29, 4:04:53 PM EDT · NYSE · PSTG · USD
Key Stats
Market Cap
32.07BP/E (TTM)
238.00Basic EPS (TTM)
0.41Dividend Yield
0%Recent Filings
10-Q
Q2 FY2026 results
Pure Storage's Q2 FY2026 results, ending August 3, 2025, reflect a smooth executive transition with CFO Kevan Krysler moving to an advisory role through June 2026 at $45,833 monthly plus equity vesting, while Tarek Robbiati joins as CFO starting June 23, 2025, with $650,000 base, 100% target bonus, and $22M in equity grants. The company bolstered liquidity by securing a $500M revolving credit facility on June 10, 2025, maturing June 10, 2030, with PNC as agent, featuring a 0.075%-0.20% commitment fee and 0.875%-1.50% margin tied to leverage or ratings. No financial statements appear in the filing, so metrics like revenue or EPS deltas are not disclosed. Yet, the proactive leadership shift signals stability. Regulatory risks loom from evolving data privacy laws.
8-K
Pure Storage Q2 revenue up 13%
Pure Storage reported Q2 fiscal 2026 revenue of $861 million, up 13% year-over-year, with subscription services surging 15% to $414.7 million and ARR climbing 18% to $1.8 billion. The company unveiled the Enterprise Data Cloud architecture via Pure Fusion to simplify data management, while expanding its portfolio with high-performance FlashArray and FlashBlade products. Pure boosted full-year revenue guidance to $3.60B–$3.63B, signaling sustained momentum. Repaid $100 million in debt, bolstering the balance sheet.
8-K
Pure Storage names new CFO
Pure Storage appointed Tarek Robbiati as Chief Financial Officer on June 24, 2025, replacing Kevan Krysler, who departed but will assist with the transition. Robbiati, with prior CFO roles at HPE and Sprint, receives a $650,000 base salary, 100% target bonus, and RSUs for up to 531,971 shares tied to revenue growth and $40 billion market cap goals. This hire bolsters financial leadership amid growth ambitions. No family ties or conflicts disclosed.
8-K
Annual meeting votes affirm governance
Pure Storage's stockholders overwhelmingly elected Scott Dietzen, Charles Giancarlo, John Murphy, and Greg Tomb as Class I directors at the June 11, 2025 annual meeting, despite significant votes withheld from Dietzen. They ratified Deloitte & Touche LLP as auditors for the fiscal year ending February 1, 2026, with 296.6 million votes in favor. Advisory approval passed for executive compensation, signaling board continuity amid mixed support. Stockholders spoke clearly.
10-Q
Q1 FY2026 results
Pure Storage's Q1 FY2026 10-Q filing, covering the quarter ended May 4, 2025, reveals a robust credit agreement signed on June 10, 2025, establishing a $500 million revolving facility maturing June 10, 2030, with PNC Bank as administrative agent and co-syndication from JPMorgan Chase and HSBC. This replaces the prior Barclays facility, enhancing liquidity with a $50 million swingline sublimit and $50 million letter of credit sublimit, while maintaining flexible pricing tied to the company's net leverage ratio or debt ratings. The agreement imposes a maximum consolidated net leverage ratio of 3.50:1.00, adjustable to 4.00:1.00 for up to six quarters post-qualified acquisitions exceeding $250 million. No financial statements are included, but the structure supports ongoing operations amid competitive pressures in data storage.
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