Pure Storage announced its financial results for the third quarter fiscal year 2026, with a total revenue growth of 16% year-over-year.
The company's subscription services revenue and annual recurring revenue also showed positive growth trends.
Pure Storage highlighted its strong performance in revenue, operating profit, and cash flow during the quarter.
Revenue Growth
Q3 revenue increased by 16% year-over-year, reaching $964.5 million.
Subscription Services Revenue
Subscription services revenue saw a 14% year-over-year growth, totaling $429.7 million.
Operating Profit
Record operating profit was achieved, surpassing the high end of the guidance.
Market Position
Pure Storage continues to strengthen its position in the market, particularly in enterprise data solutions for AI and analytics.
- Pure Storage's financial performance in Q3 reflects a steady growth trajectory, demonstrating the company's ability to meet customer demands and drive innovation in data storage technologies.
- The expansion of the Enterprise Data Cloud into the public cloud and advancements in the FlashArray family indicate Pure Storage's commitment to enhancing its product offerings and staying competitive in the industry.
With promising financial results and ongoing strategic investments, Pure Storage is poised for continued growth and innovation in the IT sector. The company's focus on AI-driven solutions and expanding partner ecosystem further solidifies its position in delivering cutting-edge data storage technologies.