Slide 1: Q2 Fiscal 2026 Financial Results
Q2 Fiscal 2026 Financial Results August 27, 2025
Slide 2: Forward Looking Statements and Non-GAAP Information
Forward Looking Statements and Non-GAAP Information This presentation contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our opportunity relating to hyperscale and AI environments, our ability to meet hyperscalers'
Slide 3: Company Overview
©) puresToRAcE’ Company Overview
Slide 4: Q2FY26 Pure Storage at a Glance
Q2FY26 Pure Storage at a Glance Total Subscription Storage as a Total Cash & Revenue ARR 1 Service Marketable Offerings 2 Securities $861M $1.8B 3 13% Y/Y Growth $125M $1.54B 18% Y/Y Growth 24% Y/Y Growth Global Satisfaction Non-GAAP Remaining Customers Performance Operating 81 NPS Obligations
Slide 5: Q2FY26 Highlights
Q2FY26 Highlights Saw broad-based strength across entire portfolio, driven by strong enterprise 1 performance, & accelerating momentum in core software & service offerings of Evergreen//One, Cloud Block Store and Portworx. 2 Introduced the Enterprise Data Cloud an industry-changing architecture that
Slide 6: The Most Consistent Data Storage Platform
The Most Consistent Data Storage Platform Purity & DirectFlash for All Storage Protocols & Tiers + Cloud Block Store Scale Up Direct to Flash Scale Out Cloud Native Cloud Operating Model Block File Object Networked ©2025 Pure Storage 6
Slide 7: A Unified Data Platform Focused Around You
A Unified Data Platform Focused Around You Storage as a Service Container Data Management | Managed Data Services | Self-service Provisioning | Storage on-demand | Business guarantees SLAs Single Control Plane Global Policy Management | Self-managing | Autonomous Modeling | Intelligent Fleet Manag
Slide 8: The Pure Storage Platform
The Pure Storage Platform One Family that Satisfies the Full Range of Your Storage Needs Extreme Performance Block Performance IOPS or BW //S500 Balanced Performance/ File //XL Capacity //S200 //X //S100 Object //C Ultimate Capacity //E Cloud Native Capacity TB ©2025 Pure Storage 8
Slide 9: Pure's Unique, Sustainable Competitive Advantages
Pureʼs Unique, Sustainable Competitive Advantages Highly Direct-to-Flash Cloud Operating Evergreen Consistent Management Model Lifecycle Portfolio Efficiency Purity Block Pools of Storage Never obsolete Reliability DFMs File Managed as a Fleet Never disruptive Longevity Pure1 Object Available As-a-S
Slide 10: We Deliver Outcomes
We Deliver Outcomes 50%* Products Are Never- Lower Obsolete 25x * TCO 510x Always-Improving, Non-Disruptively Less Power Less Labor & Space to Operate 10x vs Existing Hard Disk Systems 10x Automation-Driven Cloud Operating Model Most Consistent Product More Line Reliable 1 Purity, 2 HW 1030x Fe
Slide 11: The Data Center Sustainability Challenge
The Data Center Sustainability Challenge 12% Consumed by Data Centers 2025% From Storage Pure flash storage consumes 80% less power ©2025 Pure Storage 11
Slide 12: Customers
Customers 13,500 13,000 Customers Customers 12,000 Customers 10,500 Customers 62% of Fortune 62% 500 59% of Fortune of Fortune 500 300 56% 500 New Customer of Fortune 500 Additions ©2025 Pure Storage 12
Slide 13: Financial Overview
©) puresToRAcE’ Financial Overview
Slide 14: Q2FY26 Financial Summary
Q2FY26 Financial Summary Financial Metrics Guidance Actuals Subscription Annual Recurring Revenue(1) $1.79 Billion Revenue $845 Million $861 Million Non-GAAP Operating Income2 $125 Million $130 Million Non-GAAP Operating Margin2 14.8% 15.1% Operating Cash Flow $212.2 Million Non-GAAP Free Cash F
Slide 15: Total Revenue
Total Revenue Annual Q2 Quarterly ©2025 Pure Storage 15
Slide 16: Annual Q2 Quarterly
Annual Q2 Quarterly 1 See GAAP to non-GAAP reconciliations in our appendix. ©2025 Pure Storage 16
Slide 17: Annual Q2 Quarterly
Annual Q2 Quarterly 1 See GAAP to non-GAAP reconciliations in our appendix. ©2025 Pure Storage 17
Slide 18: Annual Q2 Quarterly
Annual Q2 Quarterly 1 See GAAP to non-GAAP reconciliations in our appendix. ©2025 Pure Storage 18
Slide 19: Operating Cash Flow
Operating Cash Flow 1 Annual Q2 Quarterly 1 See GAAP to non-GAAP reconciliations in our appendix. ©2025 Pure Storage 19
Slide 20: Subscription Annual Recurring Revenue
1 Subscription Annual Recurring Revenue 18% ARR Q2FY26 (2) YoY Growth 1 Subscription ARR is a key business metric that refers to total annualized contract value of all active subscription agreements on the last day of the quarter, plus on-demand revenue for the quarter multiplied by four. 2 S
Slide 21: Remaining Performance Obligations
Remaining Performance Obligations 1 22% RPO Q2FY26 1 YoY Growth ©2025 Pure Storage 21 1 RPO associated solely with subscription service offerings grew 21% at the end of Q2FY26.
Slide 22: Guidance
Guidance Q3FY26 Guidance Revenue $950 Million to $960 Million Revenue YoY Growth 1 14.3% to 15.5% Non-GAAP Operating Income1 1 $185 Million to $195 Million Non-GAAP Operating Income YoY Growth Rate1 10.6% to 16.6% 1 We have not reconciled guidance for non-GAAP operating income and non-GAAP
Slide 23: Guidance
Guidance FY26 Guidance Prior Guidance New Guidance Revenue $3.515 Billion $3.60 Billion to $3.63 Billion Revenue YoY Growth 11% 13.5% to 14.5% Non-GAAP Operating Income1 $595 Million $605 Million to $625 Million 1 Non-GAAP Operating Income YoY 6% 8.2% to 11.7% Growth Rate1 1 We have not reco
Slide 24: Appendix
©) puresToRAcE’ Appendix
Slide 25: Gross Profit & Margin GAAP to Non-GAAP Reconciliation
Gross Profit & Margin GAAP to Non-GAAP Reconciliation ©2025 Pure Storage 25
Slide 26: Operating Expenses GAAP to Non-GAAP Reconciliation
Operating Expenses GAAP to Non-GAAP Reconciliation ©2025 Pure Storage 26
Slide 27: Operating Income & Margin GAAP to Non-GAAP Reconciliation
Operating Income & Margin GAAP to Non-GAAP Reconciliation Free Cash Flow GAAP to Non-GAAP Reconciliation 1 ©2025 Pure Storage 27
Slide 28: Slide 28