Pure Storage posted $861 million in Q2 fiscal 2026 revenue, up 13% year-over-year, with subscription revenue rising 15% to $415 million and ARR reaching $1.8 billion. CEO Charles Giancarlo said more organizations are trusting Pure's platform strategy and that its technology helps companies escape outdated silos to use data more flexibly. The share price rose over 15% after hours and about 3% in regular trading. Nutanix forecast roughly $675 million for Q1 fiscal 2026, slightly below expectations, though Q4 revenue rose 19% to $653.3 million with EPS $0.37. NetApp reported $1.56 billion in Q1 revenue and $1.55 EPS, while net profit fell to $233 million from $248 million.
Pure Storage reported revenue of $861 million in the second quarter of fiscal 2026, a 13 percent increase over a year earlier. Subscription revenue increased 15 percent to $415 million, and annual recurring revenue rose to $1.8 billion. CEO Charles Giancarlo said the results confirm that an increasing number of organizations are placing their trust in Pure's platform strategy. He pointed out that many companies are still trapped in outdated silos, whereas Pure's technology enables them to utilize data more flexibly.
At Nutanix, the emphasis was on the disappointing outlook. For the first quarter of fiscal 2026, the company expects revenue of approximately $675 million, slightly below market expectations. The stock subsequently lost more than 4 percent after hours. Nevertheless, results for the final quarter of fiscal 2025 were better than predicted, with revenue up 19 percent to $653.3 million and earnings per share of 37 cents.
NetApp also exceeded expectations but recorded a decline in profits. Revenue in the first quarter of fiscal 2026 was $1.56 billion, slightly more than a year earlier and just above the forecast. Earnings per share came in at $1.55 per share. However, net profit declined to $233 million, compared to $248 million the previous year. This resulted in a decline of nearly 7 percent in the
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