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Pure Storage achieves first billion-dollar revenue quarter in fiscal year-end results
Wednesday, February 25, 2026 at 09:31 PM
Pure Storage reported record fourth-quarter results, reaching its first billion-dollar revenue quarter during the fiscal year.
Context
Pure Storage (recently rebranded as Everpure) delivered a landmark fiscal fourth quarter ending February 1, 2026, achieving its first-ever $1 billion revenue quarter. Quarterly revenue reached $1.06 billion, representing 20% year-over-year growth and surpassing analyst estimates. This performance, which included an adjusted EPS of $0.69, fueled a 7% surge in the company’s stock during after-hours trading. For the full fiscal year, the company reported total revenue of $3.7 billion, a 16% increase over the previous year.
The milestone arrives as the company undergoes a significant strategic pivot to capture the expanding AI infrastructure market. By rebranding to Everpure and announcing the acquisition of data intelligence firm 1touch, the company is shifting its focus from traditional storage hardware to AI-ready data management. This transition aims to help enterprises unify fragmented data systems for large-scale AI applications. The company will officially begin trading under its new name on the New York Stock Exchange on March 5, 2026, while retaining its existing PSTG ticker.
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