Pure Storage Q3 revenue rises 13% to $762.8 million; GAAP net income $70.4 million
Pure Storage reported third quarter fiscal 2024 results for the quarter ended November 5, 2023, with revenue of $762.8 million, up 13% year-over-year, and GAAP net income of $70.4 million, compared with a net loss of $0.8 million a year earlier. The company gave fourth-quarter revenue guidance of $782 million and fiscal 2024 revenue guidance of $2.82 billion, and its release describes the annual non-GAAP operating margin guidance of 16% as increased. For shareholders, the filing shows higher sales and a return to GAAP profit, though the filing does not state the prior guidance figures for comparison.
Key points
- Revenue $762.8 million, up 13% year-over-year; subscription services revenue $309.6 million, up 26%.
- GAAP net income $70.4 million, or $0.21 per diluted share, versus a net loss of $0.8 million in the third quarter of fiscal 2023.
- Non-GAAP operating margin 22.2% versus GAAP operating margin 9.7% for the quarter.
- Guidance: fourth-quarter revenue $782 million; fiscal 2024 revenue $2.82 billion and non-GAAP operating margin 16%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 29, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.