Want to see P full AI Analyst Report?
Revenue by Segment
Separates revenue into product lines like hardware, software/subscription, and services to reveal which parts of the business drive growth and profits. Tracking segment trends shows whether Pure is successfully shifting toward higher-margin, recurring subscription revenue or remaining dependent on cyclical, lower-margin hardware sales.Subscription Services has become a predictable, high‑margin growth engine — steady ARR and RPO expansion now comprises roughly half of revenue, materially improving revenue quality. Product revenue remains larger and lumpy, with recent spikes driven by big enterprise and hyperscaler wins plus strategic inventory buys; management is deliberately sacrificing near‑term product margins and cash flow to gain share. The guidance raise validates durable demand today while hyperscaler ramps could lift product margins and cash conversion later.
Date | Product | Subscription Services |
|---|---|---|
Aug 02, 2026 | $686.77M | $499.13M |
May 03, 2026 | $576.54M | $476.35M |
Feb 02, 2026 | $618.47M | $440.43M |
Nov 05, 2025 | $534.76M | $429.69M |
Aug 03, 2025 | $446.30M | $414.70M |
May 04, 2025 | $372.14M | $406.34M |
Feb 02, 2025 | $494.78M | $385.06M |
Nov 05, 2024 | $454.74M | $376.34M |
Aug 04, 2024 | $402.60M | $361.18M |
May 05, 2024 | $347.38M | $346.10M |