Pure Storage raises FY27 revenue guidance after 37.6% Q2 growth

Pure Storage reported Q2 FY27 revenue of $1.19 billion, up 37.6% from a year earlier, while non-GAAP earnings per share reached $0.70, exceeding the $0.58 Wall Street consensus. Management raised full-year FY27 revenue guidance to $5.03 billion-$5.07 billion from $4.41 billion-$4.51 billion, an upward revision of roughly $600 million in a single quarter, implying 37%-38% year-over-year growth. Transactions above $5 million increased 59% year over year, while deals exceeding $20 million surged 385%. Product revenue climbed 54%, with subscription services also contributing to growth. Revenue outside the US rose 75% to $498 million, representing 42% of total revenue and the highest share of non-domestic revenue in the company’s history. For Q3 FY27, Pure Storage expects revenue of $1.325 billion-$1.335 billion and non-GAAP operating income of $265 million-$275 million, implying another quarter of 37%-38% annual growth. Management said improved supply-chain visibility partly supported the guidance increase. An update referred to the company as Everpure and said it received a buy upgrade; the existing record identifies the issuer as Pure Storage, leaving that company-name discrepancy unresolved. Shares rose nearly 6% after the announcement and gained further in after-hours trading.

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