Pure Storage reported strong financial results for Q3 fiscal 2025, with total revenue increasing 9% year-over-year to $831.1 million. Product revenue remained relatively flat at $454.7 million while subscription services revenue grew 22% to $376.3 million. Subscription Annual Recurring Revenue (ARR) reached $1.57 billion, up 22% from the prior year.The company maintained solid profitability with a gross margin of 70%, though product gross margin declined to 66% due to increased sales of lower-margin solutions targeting cost-sensitive workloads. Operating income was $59.7 million with net income of $63.6 million or $0.19 per diluted share. Cash flow from operations was strong at $545.1 million for the first three quarters.Looking ahead, Pure Storage announced a significant design win with a major hyperscaler, extending its DirectFlash technology into large-scale environments. The company continues to expand its portfolio with new offerings including Pure Storage Cloud for Microsoft Azure VMware Solution and advanced AI capabilities through FlashBlade//S500 certification with NVIDIA DGX SuperPOD architecture. The Board authorized an additional $250 million for share repurchases.

Pure Storage reported strong financial results for Q3 fiscal 2025, with total revenue increasing 9% year-over-year to $831.1 million. Product revenue remained relatively flat at $454.7 million while subscription services revenue grew 22% to $376.3 million. Subscription Annual Recurring Revenue (ARR) reached $1.57 billion, up 22% from the prior year.The company maintained solid profitability with a gross margin of 70%, though product gross margin declined to 66% due to increased sales of lower-margin solutions targeting cost-sensitive workloads. Operating income was $59.7 million with net income of $63.6 million or $0.19 per diluted share. Cash flow from operations was strong at $545.1 million for the first three quarters.Looking ahead, Pure Storage announced a significant design win with a major hyperscaler, extending its DirectFlash technology into large-scale environments. The company continues to expand its portfolio with new offerings including Pure Storage Cloud for Microsoft Azure VMware Solution and advanced AI capabilities through FlashBlade//S500 certification with NVIDIA DGX SuperPOD architecture. The Board authorized an additional $250 million for share repurchases.