PureStorage (PSTG) Jumps as Earnings, Outlook Impress

We recently published 10 Stocks Crushing Wall Street’s Wildest Expectations. Pure Storage, Inc. (NYSE:PSTG) is one of the best performers on Thursday.

Pure Storage soared for a second day on Thursday, adding 32.34 percent to finish at $80.54 apiece following an impressive earnings performance and higher growth outlook for the rest of the full fiscal year 2026.

In a statement, Pure Storage, Inc. (NYSE:PSTG) said net income in the second quarter of the fiscal year jumped by 32 percent to $47 million from $35.67 million in the same period last year, as total revenues grew 12.69 percent to $861 million from $764 million year-on-year.

“Pure Storage exceeded both its revenue and operating profit guidance in the second quarter, reflecting strong customer adoption of our platform strategy,” Pure Storage, Inc. (NYSE:PSTG) CFO Tarek Robbiati said.

“Looking ahead, we remain committed to executing on our strategic priorities to drive profitable growth and maintaining the flexibility to navigate evolving market conditions,” he added.

For the full-year period, Pure Storage, Inc. (NYSE:PSTG) raised its full-year revenue growth outlook to $3.6 billion to $3.63 billion, from $3.515 billion previously. The new figure would mark a 13.5-percent to 14.5-percent growth year-on-year, as compared with the 11 percent targeted earlier.

For the third quarter alone, revenues were targeted at $950 million to $960 million, representing a growth rate of 14.3 percent to 15.5 percent.