Pure Storage (PSTG) Projected to Post Quarterly Earnings on Wednesday

Pure Storage (NYSE:PSTG) is anticipated to announce its Q2 2026 results before the market opens on Wednesday, August 27th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $845.78 million for the quarter. Pure Storage has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS.Investors may review the information on the company’s upcoming Q2 2026 earningreport for the latest details on the call scheduled for Wednesday, August 27, 2025 at 5:00 PM ET.

Pure Storage (NYSE:PSTG) last issued its quarterly earnings results on Wednesday, May 28th. The technology company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. Pure Storage had a net margin of 3.93% and a return on equity of 13.98%. The firm had revenue of $778.49 million during the quarter, compared to analyst estimates of $770.03 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. Pure Storage’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts expect Pure Storage to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Pure Storage Stock Down 2.2%

PSTG opened at $57.2170 on Wednesday. Pure Storage has a 52-week low of $34.51 and a 52-week high of $73.67. The company has a 50 day moving average of $56.31 and a two-hundred day moving average of $53.74. The company has a market cap of $18.70 billion, a P/E ratio of 154.64, a P/E/G ratio of 5.56 and a beta of 1.07.

Insider Activity

In related news, insider John Colgrove sold 198,749 shares of Pure Storage stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $60.32, for a total value of $11,988,539.68. Following the completion of the sale, the insider owned 500,000 shares in the company, valued at approximately $30,160,000. The trade was a 28.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Francis Murphy sold 11,234 shares of Pure Storage stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $55.13, for a total transaction of $619,330.42. Following the completion of the sale, the director owned 21,930 shares of the company’s stock, valued at approximately $1,209,000.90. This trade represents a 33.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 446,794 shares of company stock valued at $26,641,913. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pure Storage

A number of hedge funds have recently added to or reduced their stakes in PSTG. Integrated Wealth Concepts LLC acquired a new position in Pure Storage in the first quarter worth $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Pure Storage by 129.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the technology company’s stock worth $387,000 after acquiring an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Pure Storage by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the technology company’s stock worth $50,377,000 after acquiring an additional 595,307 shares during the last quarter. Empowered Funds LLC lifted its holdings in Pure Storage by 4.2% in the first quarter. Empowered Funds LLC now owns 4,790 shares of the technology company’s stock worth $212,000 after acquiring an additional 194 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Pure Storage by 261.1% in the second quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the technology company’s stock worth $184,000 after acquiring an additional 2,316 shares during the last quarter. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Pure Storage from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 23rd. Morgan Stanley boosted their price objective on shares of Pure Storage from $40.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. decreased their price objective on shares of Pure Storage from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, May 29th. Citigroup boosted their price objective on shares of Pure Storage from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $75.00 price objective on shares of Pure Storage in a research note on Friday, June 20th. Fourteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.21.

About Pure Storage

Pure Storage, Inc engages in the provision of data storage and management technologies, products, and services in the United States and internationally. Its Purity software is shared across its products and provides enterprise-class data services, such as always-on data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.