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Publication Date: 2025-08-28 07:00:00
The quarterly figures of three major players in the storage market paint a mixed picture. Pure Storage impressed investors with strong results and raised expectations, while Nutanix and NetApp disappointed with their outlook and profit development.
Pure Storage reported revenue of $861 million in the second quarter of fiscal 2026, a 13 percent increase over a year earlier. Subscription revenue increased 15 percent to $415 million, and annual recurring revenue rose to $1.8 billion. CEO Charles Giancarlo said the results confirm that an increasing number of organizations are placing their trust in Pure’s platform strategy. He pointed out that many companies are still trapped in outdated silos, whereas Pure’s technology enables them to utilize data more flexibly. Investors appreciated the figures: the share price rose by more than 15 percent after trading hours, in addition to a 3 percent gain in regular trading.
Disappointing outlook at Nutanix
At Nutanix, the emphasis was on the disappointing outlook. For the first quarter of fiscal 2026, the company expects revenue of approximately $675 million, slightly below market expectations. The stock subsequently lost more than 4 percent after hours. Nevertheless, results for the final quarter of fiscal 2025 were better than predicted, with revenue up 19 percent to $653.3 million and earnings per share of 37 cents. CEO Rajiv Ramaswami spoke of a strong year-end and emphasized that more than 2,700…