Pure Storage, Inc.
PSTGQ3 2024(PSTG Q2 FY2025)Estimated6% AI
AI Revenue %
6%
AI Fair Value
$562.4M
AI Revenue (Q)
$46.7M
Total Revenue (Q)
$778.5M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Major AI developments: 'Evergreen//One for AI' launched - industry's first AI Storage-as-a-Service for GPU training, inference, and HPC workloads. Expected NVIDIA DGX SuperPOD certification by end of 2024. Generative AI copilot for storage announced. Revenue: $764M (up from $689M Y/Y, +11%). Still no AI revenue quantification. Evergreen//One for AI is new so minimal revenue contribution this quarter, but FlashBlade AI deployments growing. Estimate increased to 6%.
Analyzed by claude-opus-4-6
Quoted Figures
Evergreen//One for AI, the industry's first AI Storage-as-a-Service, that provides guaranteed storage performance for GPUs to support training, inference, and high performance computing (HPC) workloads.
10-Q, Q2 FY2025, Item 2 MD&A Recent Developments
we expect to be a certified storage solution for NVIDIA DGX SuperPOD by the end of 2024, accelerating enterprise AI adoption
10-Q, Q2 FY2025, Item 2 MD&A Recent Developments
Product $402,595; Subscription services $361,176; Total revenue $763,771
10-Q, Q2 FY2025, Condensed Consolidated Statements of Operations
AI Products Identified (Ring 1)
FlashBlade (AI training data pipelines)AIRI (AI-Ready Infrastructure)Evergreen//One for AI (AI Storage-as-a-Service)
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)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix