Pure Storage, Inc.
PSTGQ4 2024(PSTG Q3 FY2025)Estimated7% AI
AI Revenue %
7%
AI Fair Value
$693.8M
AI Revenue (Q)
$142.9M
Total Revenue (Q)
$2.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Significant AI infrastructure milestones: FlashBlade//S500 certified with NVIDIA DGX SuperPOD architecture. Strategic partnership with CoreWeave to accelerate large-scale AI cloud services. Industry-first design win with major hyperscaler (later revealed as Meta) for DirectFlash technology. Revenue: $831M (up from $763M Y/Y, +9%). Product revenue: $455M. Forward-looking statements now explicitly mention 'hyperscalers performance and price requirements.' The hyperscaler design win is transformative but revenue has not yet begun flowing. Estimate increased to 7% reflecting growing enterprise AI storage deployments and upcoming hyperscaler pipeline.
Analyzed by claude-opus-4-6
Quoted Figures
we announced an industry-first design win with a major hyperscaler, extending our DirectFlash technology into massive scale environments that today are dominated by hard disks
10-Q, Q3 FY2025, Item 2 MD&A Recent Key Developments
we advanced our ability to serve large-scale AI training environments with the certification of FlashBlade//S500 with NVIDIA DGX SuperPOD architecture
10-Q, Q3 FY2025, Item 2 MD&A Recent Key Developments
we entered into a strategic partnership with CoreWeave to accelerate large-scale AI cloud services innovation
10-Q, Q3 FY2025, Item 2 MD&A Recent Key Developments
Product $454,735; Subscription services $376,337; Total revenue $831,072
10-Q, Q3 FY2025, Condensed Consolidated Statements of Operations
AI Products Identified (Ring 1)
FlashBlade//S500 (NVIDIA DGX SuperPOD certified)AIRI (AI-Ready Infrastructure)Evergreen//One for AIDirectFlash (hyperscaler design win)
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)CoreWeave partnership
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix