Summary by Moomoo AI
Pure Storage reported Q3 fiscal 2025 revenue of $831.1M, up 9% YoY, with subscription services revenue growing 22% to $376.4M. The company achieved a non-GAAP operating margin of 20.1% and generated $35.2M in free cash flow. GAAP net income was $63.6M for the quarter.The company secured a landmark design win with a top-four hyperscaler for its DirectFlash technology, marking an industry first that positions Pure Storage to become the standard for hyperscaler online storage. Pure Storage also expanded its AI capabilities through certification of FlashBlade//S500 with NVIDIA DGX SuperPOD and strategic partnership with CoreWeave.Looking ahead, Pure Storage provided Q4 guidance of $867M in revenue (9.7% YoY growth) and raised its FY25 outlook to $3.15B in revenue (11.5% YoY growth) with 17% non-GAAP operating margin. The company returned approximately $182M to stockholders through share repurchases in Q3.
