--- title: "Pure Storage | 8-K: FY2026 Q4 Revenue Beats Estimate at USD 1.059 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/276938097.md" datetime: "2026-02-25T21:10:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276938097.md) - [en](https://longbridge.com/en/news/276938097.md) - [zh-HK](https://longbridge.com/zh-HK/news/276938097.md) --- # Pure Storage | 8-K: FY2026 Q4 Revenue Beats Estimate at USD 1.059 B Revenue: As of FY2026 Q4, the actual value is USD 1.059 B, beating the estimate of USD 1.032 B. EPS: As of FY2026 Q4, the actual value is USD 0.29. #### Financial Highlights for Fiscal Fourth Quarter and Full Year 2026 #### Revenue - **Total Revenue:** 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 . - **Subscription Services Revenue:** 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 . - **Product Revenue:** Product revenue was $618,471 thousand for the fourth quarter of fiscal year 2026 and $1,971,678 thousand for the full fiscal year . #### Gross Margin - **GAAP Gross Margin:** The GAAP gross margin was 69.9% for the fourth quarter of fiscal year 2026 and 70.4% for the full fiscal year . - **Non-GAAP Gross Margin:** 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 . #### Operating Income - **GAAP Operating Income:** GAAP operating income was $87 million for the fourth quarter of fiscal year 2026 and $115 million for the full fiscal year . - **Non-GAAP Operating Income:** Non-GAAP operating income reached $226 million for the fourth quarter of fiscal year 2026 and $635 million for the full fiscal year . #### Operating Margin - **GAAP Operating Margin:** Everpure’s GAAP operating margin was 8.2% for the fourth quarter of fiscal year 2026 and 3.1% for the full fiscal year . - **Non-GAAP Operating Margin:** The non-GAAP operating margin was 21.3% for the fourth quarter of fiscal year 2026 and 17.3% for the full fiscal year . #### Net Income 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 . #### Operating Expenses (GAAP, in thousands) - **Research and Development:** Research and development expenses were $243,161 for the fourth quarter of fiscal year 2026 and $963,291 for the full fiscal year . - **Sales and Marketing:** 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 . - **General and Administrative:** General and administrative expenses were $86,459 for the fourth quarter of fiscal year 2026 and $318,358 for the full fiscal year . #### Cash Flow - **Operating Cash Flow:** Operating cash flow was $268 million for the fourth quarter of fiscal year 2026 and $880 million for the full fiscal year . - **Free Cash Flow:** Free cash flow was $201 million for the fourth quarter of fiscal year 2026 and $616 million for the full fiscal year . #### Other Key Financial and Operational Metrics Subscription Annual Recurring Revenue (ARR) reached $1.9 billion as of Q4 2026, marking a 16% increase year-over-year . Remaining Performance Obligations (RPO) stood at $3.7 billion, growing over 40% year-over-year . Total cash, cash equivalents, and marketable securities amounted to $1.5 billion . 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 . #### Outlook / Guidance 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 . 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 . ### Related Stocks - [PSTG.US](https://longbridge.com/en/quote/PSTG.US.md) - [P.US](https://longbridge.com/en/quote/P.US.md) ## Related News & Research - [Electro-Sensors GAAP EPS of -$0.03, revenue of $2.6M](https://longbridge.com/en/news/286518577.md) - [Azitra GAAP EPS of -$0.25](https://longbridge.com/en/news/286276903.md) - [Investcorp Credit Management BDC GAAP NII of $0.02, TII of $3.55M](https://longbridge.com/en/news/286201051.md) - [Calidi Biotherapeutics GAAP EPS of -$0.43](https://longbridge.com/en/news/286474175.md) - [Innovative Eyewear GAAP EPS of -$0.37](https://longbridge.com/en/news/286513060.md)