Pure Storage, Inc.
PSTGQ3 2025(PSTG Q2 FY2026)Estimated11% AI
AI Revenue %
11%
AI Fair Value
$1.2B
AI Revenue (Q)
$160.3M
Total Revenue (Q)
$1.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Enterprise Data Cloud (EDC) architecture launched. Next-gen products introduced: FlashArray//XL, FlashArray//ST, FlashBlade//S. Revenue: $861M (up from $764M Y/Y, +13%). Product revenue: $446M (up from $403M Y/Y, +11%). Forward-looking statements mention 'our ability to expand sales with our current hyperscale customer and achieve design wins with new hyperscale customers,' confirming Meta relationship active and expanding. Property and equipment net jumped to $544M from $397M Y/Y, suggesting significant infrastructure buildout. Estimate: 11%.
Analyzed by claude-opus-4-6
Quoted Figures
our ability to expand sales with our current hyperscale customer and achieve design wins with new hyperscale customers
10-Q, Q2 FY2026, Forward-Looking Statements
Product $446,303; Subscription services $414,699; Total revenue $861,002
10-Q, Q2 FY2026, Condensed Consolidated Statements of Operations
AI Products Identified (Ring 1)
FlashBlade//EXA (GPU clouds and HPC)FlashBlade//S (next-gen)AIRI (AI-Ready Infrastructure)Evergreen//One for AIDirectFlash (Meta)Enterprise Data Cloud (EDC)
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)Pure Fusion (cloud architecture)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix