Pure Storage executes well but analysts await acceleration from AI hyperscaler deals

May 29, 2025 9:50 AM ETPure Storage, Inc. (PSTG) Stock, , , By: Brandon Evans, SA News Editor
(2min)
Pure Storage headquarters in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

Pure Storage's (NYSE:PSTG) first quarter results topped consensus estimates despite challenging economic conditions, and analysts eye potential acceleration ahead as deals with artificial intelligence hyperscalers materialize.

However, shares sank 8% during early market action on Thursday.

"Management said it didn’t

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