Pure Storage, Inc.
PSTGQ2 2024(PSTG Q1 FY2025)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$409.5M
AI Revenue (Q)
$44.0M
Total Revenue (Q)
$879.8M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Significant AI acceleration signals: new validated reference architectures for generative AI with NVIDIA, NVIDIA OVX-ready validation, NVIDIA BasePod certification. Revenue: $693M (up from $589M Y/Y, +18%). Forward-looking statements now mention 'our ability to capture storage workloads for AI environments and hyperscalers.' Still no AI revenue quantification. The NVIDIA partnerships suggest growing customer deployments for AI storage but Pure remains primarily an enterprise storage company. Estimate increased to 5% reflecting partnership momentum.
Analyzed by claude-opus-4-6
Quoted Figures
In March 2024, through integrations with NVIDIA, we delivered new validated reference architectures for running generative AI use cases, including a new NVIDIA OVX-ready validated reference architecture
10-Q, Q1 FY2025, Item 2 MD&A Recent Developments
Product $347,384; Subscription services $346,095; Total revenue $693,479
10-Q, Q1 FY2025, Condensed Consolidated Statements of Operations
AI Products Identified (Ring 1)
FlashBlade (AI training data pipelines)AIRI (AI-Ready Infrastructure with NVIDIA DGX)NVIDIA OVX-ready reference architecture
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)Portworx (container data services)Evergreen//One (storage-as-a-service)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix