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Pure Storage’s Upcoming Q3 Results Preview


Deutsche Bank analysts shared their views on Pure Storage, Inc. (NYSE:PSTG) ahead of the upcoming Q3 earnings announcement, expecting the company to post results consistent with its guidance and reiterate its fiscal 2023 outlook.
While IT spending decisions are slowing, analysts believe demand for storage products will fare better than the demand for other products (e.g. servers). The analysts also expect an expanding subscription business (approximately 37% of total revenue) to offset any potential slowdown in product sales. Furthermore, the analysts noted that on the margin front, rapidly declining NAND prices could provide a potential tailwind.









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