Pure Storage Inc - Ordinary Shares - Class A

Pure Storage Inc - Ordinary Shares - Class A

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Market Cap$28.49B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Pure Storage Inc - Ordinary Shares - Class APure Storage Inc - Ordinary Shares - Class A139.6-16%7.81

Earnings Call Q1 2027

May 27, 2026 - AI Summary

Q1 performance exceeded guidance (very strong start to FY27) - Revenue +35% YoY (strong top-line growth). - Operating profit nearly doubled: $159M, +90%+ YoY, with operating margin 15.1%. - Profitability beat was broad-based: product + subscription momentum; Q1 results exceeded the high end of guidance. - Metrics investors may care about: Product revenue $577M (+55% YoY); total gross margin 70.1%; subscription services margin 75.6%.
Growth supported by both demand and supply-chain-driven pull-ins (but sustainability uncertain) - Management said roughly ~1/3 of Q1 growth came from price increases and customer purchase acceleration (“pull-ins”) due to component price hikes/supply constraints; remaining growth was volume + share gains. - They are not baking in further pull-forwards in the forward model for the rest of the year, but they expect additional price increases will likely continue to cause some pull-ins naturally. - Company emphasizes: growth rate is not “based on price”—win rates and volume are the key drivers.
Full-year outlook raised materially (and implies stronger H1 than normal) - Q2 guidance: revenue $1.00B–$1.10B (~+28% YoY at midpoint); operating profit $195M–$205M (~+54% YoY at midpoint). - FY27 guidance raised: - Revenue $4.41B–$4.51B (+22% YoY at midpoint; +300 bps vs prior guidance). - Operating profit $820M–$860M (+32% YoY at midpoint; +600 bps vs prior guidance). - Seasonality shift: expects ~48% of revenue in H1 vs ~45% in prior years, attributing it to early momentum plus a highly dynamic market environment. - Company leadership avoided forecasting excessive H2 upside due to uncertainty around demand elasticity and supply stability.

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$86.00

Target Price by Analysts

0.3% downsidePure Storage Target Price DetailsTarget Price
$59.94

Current Fair Value

30.5% downside

Overvalued by 30.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$28.49 Billion
Enterprise Value$29.14 Billion
Dividend Yield$- (-)
Earnings per Share$0.49
Beta1.34
Outstanding Shares331,152,000

Return

Return on Equity15.69%ROE
Return on Assets4.76%
Return on Invested Capital8.51%

Valuation & Multiples

P/E Ratio139.62P/E Ratio
PEG-51.32PEG
Price to Sales7.84Price to Sales
Price to Book Ratio21.56Price to Book Ratio
Enterprise Value to Revenue7.4
Enterprise Value to EBIT119.53
Enterprise Value to Net Income128
Total Debt to Enterprise0.05
Debt to Equity1.03Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
June 3, 2026
EPS Estimate
$0.40
Average shareholder expectation
Revenue Estimate
$996.43 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.5335 7.02%
Total Calls2,385,700 48.92%
Total Puts1,272,800 54.86%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %81.69% 3.30%
Total Invested$15.93B 14.67%
Investors Holding787 43.00%

ESG Score

No data

About Pure Storage Inc

CEO: Charles Giancarlo

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its work directly shapes corporate tax structures, capital investment incentives, and overall tax burdens, all of which critically affect Pure Storage's financial planning and profitability.

Finance

This powerful committee controls taxation and trade policy. Changes in corporate tax rates, R&D credits, or international trade tariffs (e.g., on electronic components) directly impact Pure Storage's profitability, investment decisions, and supply chain costs, significantly influencing its valuation.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine the specific budgets for government agencies and defense programs, which directly impacts the procurement of IT hardware, including data storage solutions from companies like Pure Storage.

Judiciary

This committee oversees antitrust laws and intellectual property. For a technology company like Pure Storage, antitrust investigations, regulations concerning mergers and acquisitions (M&A), and intellectual property protections are critical factors directly impacting its competitive landscape and strategic options.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, technology, and telecommunications. It directly impacts 'Big Tech' through data privacy laws, net neutrality, and FTC oversight, all of which are critical for companies like Pure Storage involved in data management and infrastructure.