Pure Storage, Inc.
PSTGQ2 2023(PSTG Q1 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$169.2M
AI Revenue (Q)
$13.9M
Total Revenue (Q)
$693.5M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
First filing to mention AI. Overview now includes 'AI and machine learning' as a supported workload. States 'FlashBlade provides enterprises with the storage infrastructure needed to manage and process the massive amounts of data created for large scale AI training environments.' FlashBlade//E launched for secondary storage. However, AI is listed as just one of many workload types (alongside production, test/dev, analytics, DR, backup). No AI revenue quantification. FlashBlade is a minority of total revenue and only a subset of FlashBlade sales serve AI workloads. Math: FlashBlade estimated at ~15% of product revenue. AI portion of FlashBlade ~25%. Product is 52% of total revenue. So: 0.52 * 0.15 * 0.25 = ~2%. Conservative estimate: 2%.
Analyzed by claude-opus-4-6
Quoted Figures
Our products and subscription services support a wide range of structured and unstructured data...including mission-critical production, test and development, analytics, disaster recovery, backup and recovery, and AI and machine learning.
10-Q, Q1 FY2024, Item 2 MD&A Overview
FlashBlade provides enterprises with the storage infrastructure needed to manage and process the massive amounts of data created for large scale AI training environments as well as supporting AI-connected applications.
10-Q, Q1 FY2024, Item 2 MD&A Overview
Product $308,963; Subscription services $280,344; Total revenue $589,307
10-Q, Q1 FY2024, Condensed Consolidated Statements of Operations
AI Products Identified (Ring 1)
FlashBlade (AI training data pipelines)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
FlashArray (general enterprise storage)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix