Pure Storage Raises 2026 Revenue Guidance to $3.64B, Q3 Revenues Up 16%
Pure Storage Q3 fiscal 2026 revenues rose 16% to $964.5M, driven by Evergreen//One and hyperscaler shipments exceeding 1-2 exabytes. The company raised full-year revenue guidance to $3.63-$3.64B, projected non-GAAP operating income of $629-$639M, and authorized a $400M share repurchase.
1. Q3 Fiscal 2026 Results
Pure Storage reported Q3 revenues of $964.5 million, a 16% year-over-year increase fueled by broad-based demand for Evergreen//One subscriptions and modern virtualization offerings like Cloud Block Store and Portworx.
2. Guidance Raise and Profit Outlook
The company updated its full-year fiscal 2026 revenue guidance to $3.63–3.64 billion, up from $3.60–3.63 billion, and sees non-GAAP operating income of $629–639 million versus the prior range of $605–625 million.
3. Share Repurchase and Supply Risks
Management authorized a $400 million share repurchase program, citing strong cash flow and balance sheet strength, while warning that rising commodity costs and potential supply-chain delays could pressure margins.