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Publication Date: 2025-08-27 07:00:00
Flash data storage pioneer Pure Storage Inc. outshone its main rivals today with solid second-quarter results that crushed Wall Street’s estimates and upbeat guidance, sending its stock soaring in extended trading.
In contrast, shares of rival storage providers Nutanix Inc. and NetApp Inc. were headed in the opposite direction. Although Nutanix beat the Street’s expectations, its guidance came up short, while NetApp was hamstrung by a lower profit amid slowing growth for its all-flash storage products.
Pure Storage powers ahead
Pure Storage delivered stellar results, with earnings before certain costs such as stock compensation coming to 43 cents per share, ahead of the 39-cent consensus estimate. Revenue was up 13% from a year earlier to $861 million, sailing past the Street’s target of $846.2 million. Subscription sales rose 15%, to $414.7 million.
On a conference call with analysts, Pure Storage Chief Executive Charles Giancarlo (pictured) said customers are increasingly confident in the company’s ability to enhance their storage systems, as they provide greater flexibility than legacy hardware offerings.
For the current quarter, Pure Storage is forecasting revenue of between $950 million and $960 million, far ahead of the Street’s target of $913.2 million. The company also raised its full-year revenue forecast, saying it’s now guiding for sales of $3.6 billion to $3.63 billion, up from its prior range of $3.51 billion to $3.53 billion.
Investors…
