<span item_type="fundamental" item_id="64bad34e158bc2d4b4ca87cfa9ad85c9" counter_id="ST/US/PSTG" env="prod"></span><span item_type="announcement" item_id="620123283440010369" env="prod"></span><p>Revenue: As of FY2026 Q4, the actual value is USD 1.059 B, beating the estimate of USD 1.032 B.</p><p>EPS: As of FY2026 Q4, the actual value is USD 0.29.</p><p></p><h4>Financial Highlights for Fiscal Fourth Quarter and Full Year 2026</h4><h4>Revenue</h4><ul><li><strong>Total Revenue:</strong> Everpure reported total revenue of $1.1 billion for the fourth quarter of fiscal year 2026, marking a 20% increase year-over-year. For the full fiscal year 2026, total revenue was $3.7 billion, representing a 16% growth year-over-year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li><li><strong>Subscription Services Revenue:</strong> Subscription services revenue reached $440 million in the fourth quarter of fiscal year 2026, up 14% year-over-year. For the full fiscal year, this segment generated $1.7 billion, an increase of 15% year-over-year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li><li><strong>Product Revenue:</strong> Product revenue was $618,471 thousand for the fourth quarter of fiscal year 2026 and $1,971,678 thousand for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li></ul><h4>Gross Margin</h4><ul><li><strong>GAAP Gross Margin:</strong> The GAAP gross margin was 69.9% for the fourth quarter of fiscal year 2026 and 70.4% for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li><li><strong>Non-GAAP Gross Margin:</strong> The non-GAAP gross margin stood at 71.4% for the fourth quarter of fiscal year 2026 and 72.1% for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li></ul><h4>Operating Income</h4><ul><li><strong>GAAP Operating Income:</strong> GAAP operating income was $87 million for the fourth quarter of fiscal year 2026 and $115 million for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li><li><strong>Non-GAAP Operating Income:</strong> Non-GAAP operating income reached $226 million for the fourth quarter of fiscal year 2026 and $635 million for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li></ul><h4>Operating Margin</h4><ul><li><strong>GAAP Operating Margin:</strong> Everpure’s GAAP operating margin was 8.2% for the fourth quarter of fiscal year 2026 and 3.1% for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li><li><strong>Non-GAAP Operating Margin:</strong> The non-GAAP operating margin was 21.3% for the fourth quarter of fiscal year 2026 and 17.3% for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li></ul><h4>Net Income</h4><p>Net income for the fourth quarter of fiscal year 2026 was $100,252 thousand, and for the full fiscal year, it was $188,181 thousand <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</p><h4>Operating Expenses (GAAP, in thousands)</h4><ul><li><strong>Research and Development:</strong> Research and development expenses were $243,161 for the fourth quarter of fiscal year 2026 and $963,291 for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li><li><strong>Sales and Marketing:</strong> Sales and marketing expenses amounted to $323,269 for the fourth quarter of fiscal year 2026 and $1,181,488 for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li><li><strong>General and Administrative:</strong> General and administrative expenses were $86,459 for the fourth quarter of fiscal year 2026 and $318,358 for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li></ul><h4>Cash Flow</h4><ul><li><strong>Operating Cash Flow:</strong> Operating cash flow was $268 million for the fourth quarter of fiscal year 2026 and $880 million for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li><li><strong>Free Cash Flow:</strong> Free cash flow was $201 million for the fourth quarter of fiscal year 2026 and $616 million for the full fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</li></ul><h4>Other Key Financial and Operational Metrics</h4><p>Subscription Annual Recurring Revenue (ARR) reached $1.9 billion as of Q4 2026, marking a 16% increase year-over-year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>. Remaining Performance Obligations (RPO) stood at $3.7 billion, growing over 40% year-over-year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>. Total cash, cash equivalents, and marketable securities amounted to $1.5 billion <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>. Everpure returned approximately $127 million to stockholders in Q4 2026 through repurchases of 1.7 million shares, and $343 million for the full fiscal year 2026 through repurchases of 5.6 million shares <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</p><h4>Outlook / Guidance</h4><p>For the first quarter of fiscal year 2027, Everpure anticipates revenue between $990 million and $1.01 billion, with a year-over-year growth rate of 27% to 30%, and non-GAAP operating income ranging from $125 million to $135 million, representing a 51% to 63% year-over-year growth <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>. For the full fiscal year 2027, the company expects revenue of $4.3 billion to $4.4 billion, reflecting 17% to 20% year-over-year growth, and non-GAAP operating income between $780 million and $820 million, a 23% to 29% year-over-year increase <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1474432/000147443226000015/pstg-ex991q4fy2026.htm"></span>.</p>

Pure Storage | 8-K: FY2026 Q4 Revenue Beats Estimate at USD 1.059 B