Pure Storage (PSTG) To Report Earnings Tomorrow: Here Is What To Expect

February 23, 2026 at 22:01 PM EST

PSTG Cover Image

Data storage solutions provider Pure Storage (NYSE: PSTG) will be reporting earnings this Wednesday after market hours. Here’s what to look for.

Pure Storage beat analysts’ revenue expectations last quarter, reporting revenues of $964.5 million, up 16% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ billings estimates but EPS in line with analysts’ estimates.

Is Pure Storage a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Pure Storage’s revenue to grow 17.4% year on year, improving from the 11.4% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pure Storage has a history of exceeding Wall Street’s expectations.

Looking at Pure Storage’s peers in the hardware & infrastructure segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Super Micro delivered year-on-year revenue growth of 123%, beating analysts’ expectations by 21.5%, and Diebold Nixdorf reported revenues up 11.7%, in line with consensus estimates. Super Micro traded up 13.8% following the results while Diebold Nixdorf was also up 11%.

Read our full analysis of Super Micro’s results here and Diebold Nixdorf’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the hardware & infrastructure stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.9% on average over the last month. Pure Storage is down 5.3% during the same time and is heading into earnings with an average analyst price target of $92 (compared to the current share price of $69.02).

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