Pure Storage Q1 revenue rises 12% to $778.5 million; CFO Kevan Krysler to leave
Pure Storage reported first quarter fiscal 2026 revenue of $778.5 million, up 12% year over year, and a GAAP net loss of $14.0 million, narrower than the $35.0 million loss a year earlier. The company also said Chief Financial Officer Kevan Krysler will leave, and that he will stay until a successor is named and that the departure does not relate to financial statement or accounting issues.
Key points
- Revenue $778.5 million, up 12% year over year; subscription services revenue $406.3 million, up 17%
- GAAP operating loss of $31.2 million, versus $41.8 million a year earlier; non-GAAP operating income $82.7 million
- Guidance: second quarter revenue of $845 million; fiscal 2026 revenue of $3.515 billion, up 11%
- CFO Kevan Krysler to leave; he remains until a successor is named
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 May 28, 2025.
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.