Stock Track | Pure Storage Plunges 10.63% Post-Market as Q3 Net Income Falls Despite Revenue Beat

Stock Track

Dec 03, 2025

Pure Storage (NYSE: PSTG) plummeted 10.63% in post-market trading on Tuesday after reporting mixed third-quarter fiscal 2026 results. The data storage company's revenue rose 16% year-over-year to $964.5 million, surpassing estimates, while adjusted EPS of $0.58 met expectations.

Despite the positive top-line performance, investors reacted negatively to a 15% year-over-year decline in net income ($54 million vs. $63.64 million) and a 23% surge in operating expenses ($643.5 million). The company also raised its full-year revenue guidance to $3.63 billion-$3.64 billion, slightly above consensus.

Analysts suggest the stock's plunge reflects concerns over profitability pressures and whether Pure Storage can sustain growth amid rising costs, overshadowing the revenue beat and guidance lift.

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The data storage company's revenue rose 16% year-over-year to $964.5 million, surpassing estimates, while adjusted EPS of $0.58 met expectations.</p><p>Despite the positive top-line performance, investors reacted negatively to a 15% year-over-year decline in net income ($54 million vs. $63.64 million) and a 23% surge in operating expenses ($643.5 million). The company also raised its full-year revenue guidance to $3.63 billion-$3.64 billion, slightly above consensus.</p><p>Analysts suggest the stock's plunge reflects concerns over profitability pressures and whether Pure Storage can sustain growth amid rising costs, overshadowing the revenue beat and guidance lift.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSTG","symbol_name":"Everpure","start_time":0,"source_url":"","article_id":"1124999600","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124999600","pubTimestamp":1764723868,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Pure Storage (NYSE: PSTG) plummeted 10.63% in post-market trading on Tuesday after reporting mixed third-quarter fiscal 2026 results. 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