Pure Storage (now Everpure) delivered a strong fiscal fourth quarter and full year 2026, achieving its first billion-dollar revenue quarter and surpassing $3.6 billion in full-year revenue. The company highlighted significant product innovations, expansion into cloud services, and robust demand across enterprise and hyperscaler sectors, positioning it for continued growth in FY27.
Q4 revenue reached $1.1 billion, a 20% year-over-year increase, marking the first billion-dollar revenue quarter.
positiveFull-year revenue grew 16% year-over-year to $3.7 billion.
positiveRemaining Performance Obligations (RPO) grew over 40% year-over-year to $3.7 billion, indicating strong future revenue visibility.
positiveIntroduced the Enterprise Data Cloud (EDC) architecture and expanded it into the public cloud with Everpure Cloud Azure Native.
positiveGAAP operating income increased to $87 million in Q4 and $115 million for the full year.
positiveNon-GAAP operating income reached $226 million in Q4 and $635 million for the full year, demonstrating strong profitability.
positiveInventory levels increased from $42.8M in FY2025 to $75.9M in FY2026, a 77% increase, outpacing revenue growth.
attentionDeferred revenue, current increased significantly from $953.8M in FY2025 to $1.18B in FY2026, while non-current deferred revenue also grew from $841.5M to $1.05B, indicating a potential shift in revenue recognition timing or increased upfront commitments.
attentionWhile GAAP operating margin improved YoY, it remains low at 8.2% for Q4 and 3.1% for the full year.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Product | N/A | — | — | — |
Subscription services | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Everpure delivered an outstanding fourth quarter, achieving our first billion-dollar revenue quarter and capping off a strong fiscal year.
These results prove our impact in modernizing data storage. Our new name 'Everpure' represents the next step in our mission—enabling our customers to better manage and utilize their global data in the AI era.
In the fourth quarter, we generated record revenue and operating profit, exceeding the high end of our guidance.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.