Pure Storage Review Ahead of Upcoming Q2 Earnings Report

Deutsche Bank analysts provided their outlook on Pure Storage, Inc’s (NYSE:PSTG) upcoming Q2 earnings results.

The analysts believe the company continues to see broad-based strength across Enterprise and Commercial customers, and expect the company to reiterate its full 2023-year revenue outlook of $2.66 billion (up 22% year-over-year).

While the macro environment has become more challenging, the analysts view the implied H2 guidance of up 15% year-over-year (vs. 30% year-over-year in H1) as adequately conservative. The analysts also see the potential for more operating leverage than the full-year guidance suggests as NAND component prices are falling quickly.