Slide 1: Q1 Fiscal 2026 Financial Results
Q1 Fiscal 2026 Financial Results May 28, 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 hyperscalersʼ
Slide 3: Company Overview
©) puresToRAcE’ Company Overview
Slide 4: Q1FY26 Pure Storage at a Glance
Q1FY26 Pure Storage at a Glance Total Subscription Storage as a Total Cash & Revenue ARR 1 Service Marketable Offerings 2 Securities $778.5M $1.7B 3 12% Y/Y Growth $95M $1.58B 18% Y/Y Growth 70% Y/Y Growth Global Satisfaction Non-GAAP Remaining Customers Performance Operating 81 NPS Obligation
Slide 5: Q1FY26 Highlights
Q1FY26 Highlights Revenue growth of 12% reflecting sustained demand for Pureʼs differentiated 1 data-storage portfolio, particularly //E family solutions. TCV sales for Storage-as-a-Service solutions grew 70% to $95M, fueled by large 2 Evergreen//One deals and higher-velocity transactions. Launched
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 Scale Out Cloud Native Cloud Operating Model Flash 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 Customers 12,500 Customers 11,500 Customers 10,000 62% Customers of Fortune 61% 500 58% of Fortune of Fortune 500 235 54% 500 New Customer of Fortune 500 Additions ©2025 Pure Storage 12
Slide 13: Financial Overview
©) puresToRAcE’ Financial Overview
Slide 14: Q1FY26 Financial Summary
Q1FY26 Financial Summary Financial Metrics Guidance Actuals Subscription Annual Recurring Revenue(1) $1.71 Billion Revenue $770 Million $778.5 Million Non-GAAP Operating Income2 $80 Million $82.7 Million Non-GAAP Operating Margin2 10.4% 10.6% Operating Cash Flow $283.9 Million 1 Subscription A
Slide 15: Total Revenue
Total Revenue Annual Q1 Quarterly ©2025 Pure Storage 15
Slide 16: Annual Q1 Quarterly
Annual Q1 Quarterly 1 See GAAP to non-GAAP reconciliations in our appendix. ©2025 Pure Storage 16
Slide 17: Annual Q1 Quarterly
Annual Q1 Quarterly 1 See GAAP to non-GAAP reconciliations in our appendix. ©2025 Pure Storage 17
Slide 18: Annual Q1 Quarterly
Annual Q1 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 Q1 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 Q1FY26(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 Su
Slide 21: Remaining Performance Obligations
Remaining Performance Obligations 1 17% RPO Q1FY26 1 YoY Growth ©2025 Pure Storage 21 1 RPO associated solely with subscription service offerings grew 18% at the end of Q1FY26.
Slide 22: Guidance
Guidance Q2FY26 Guidance Revenue $845 Million Revenue YoY Growth 1 10.6% Non-GAAP Operating Income11 $125 Million Non-GAAP Operating Margin1 14.8% 1 We have not reconciled guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures b
Slide 23: Guidance
Guidance FY26 Guidance Revenue $3.515 Billion Revenue YoY Growth 11% Non-GAAP Operating Income1 $595 Million 1 1 Non-GAAP Operating Margin 17.0% 1 We have not reconciled guidance for non-GAAP operating income and non-GAAP operating margin to their most directly comparable GAAP measures becau
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
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