Pure Storage said revenue for Q1 2026, ended May 4, 2025, was $778.5 million, up 12% year-over-year, and subscription services revenue was $406.3 million, up 17% year-over-year.

1. 01

   Pure Storage said revenue for Q1 2026, ended May 4, 2025, was $778.5 million, up 12% year-over-year, and subscription services revenue was $406.3 million, up 17% year-over-year.

2. 02

   The company said that for Q1, GAAP operating loss was $(31.2) million (GAAP operating margin (4.0%)), non-GAAP operating income was $82.7 million (non-GAAP operating margin 10.6%), GAAP gross margin was 68.9%, and non-GAAP gross margin was 70.9%.

3. 03

   Pure Storage said that for Q1, operating cash flow was $283.9 million and free cash flow was $211.6 million, and it returned approximately $120 million to stockholders through repurchases of 2.5 million shares. Total cash, cash equivalents, and marketable securities were $1.6 billion.

4. 04

   Pure Storage announced that Kevan Krysler, its Chief Financial Officer, has decided to leave the company. Krysler will remain at Pure Storage until a successor has been named. The company said his departure is not related to any issues regarding the integrity of the company's financial statements or accounting policies and practices.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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