Pure Storage, Inc. (NYSE: PSTG) reported Q3 EPS of $0.13, $0.04 better than the analyst estimate of $0.09. Revenue for the quarter came in at $428.4 million versus the consensus estimate of $440.07 million.

"Our continued market-beating growth is a result of ever more customers realizing the superior value that our solutions offer," said Charles Giancarlo, Chairman and CEO, Pure Storage. "With one integrated data platform, Pure's Modern Data Experience frees our customers to benefit from infrastructure that enables them to better manage their applications and data to fuel their digital transformation."

Key Financial Highlights:

• Revenue: $428.4 million, up 15% Year-over-Year
• Gross margin: GAAP 70.2%; non-GAAP 71.7%
• Operating margin: GAAP -6.6%; non-GAAP 6.8%

GUIDANCE:

Pure Storage, Inc. sees Q4 2020 revenue of $484-496 million, versus the consensus of $511.77 million.

Pure Storage, Inc. sees FY2020 revenue of $1.635-1.647 billion, versus the consensus of $1.68 billion.

Fourth quarter fiscal 2020 guidance:

• Revenue in the range of $484 million to $496 million, or $490 million at the midpoint
• Non-GAAP gross margin in the range of 67.5% to 70.5%, or 69.0% at the midpoint
• Non-GAAP operating margin in the range of 10.0% to 14.0%, or 12.0% at the midpoint

Full year fiscal 2020 guidance:

• Revenue in the range of $1.635 billion to $1.647 billion, or $1.641 billion at the midpoint
• Non-GAAP gross margin in the range of 69.2% to 70.1%, or 69.6% at the midpoint
• Non-GAAP operating margin in the range of 2.6% to 3.9%, or 3.2% at the midpoint

For earnings history and earnings-related data on Pure Storage, Inc. (PSTG) click here.