Pure Storage Eyes 11% Revenue Growth with AI and Hyperscale Focus

Published 1 days agoPSTG

Pure Storage Eyes 11% Revenue Growth with AI and Hyperscale Focus

Pure Storage has affirmed its fiscal year 2026 revenue growth target, predicting an 11% increase to over $3.5 billion. The company is banking on significant developments in artificial intelligence and its integration within hyperscale markets to meet this ambitious projection.

The company has expanded its influence in the AI market by securing more than 100 AI customers, highlighted by a notable $10 million deal. For fiscal year 2025, Pure Storage expects its subscription services, such as Evergreen//One and //Flex, to generate a total contract value of around $600 million, according to Markets Insider. Furthermore, Pure Storage is advancing in its engagements with a major hyperscaler, testing integrated solutions, and hopes to secure a design win by the end of the year.

Recent innovations, including the release of Pure Fusion™ v2, are helping customers transform their storage systems into enterprise data clouds, benefiting from efficiencies similar to those of hyperscalers. This comes on the heels of a strong fiscal year 2025, where the company surpassed $3 billion in revenue for the first time, setting a solid foundation for its growth trajectory.

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