🔴 Pure Storage is trading 11.43% down today as negative free cash flow overshadowed earnings beat

Pure Storage is trading 11.43% down at €84.94 after negative free cash flow overshadowed an earnings beat.

• August 26, 2026 fiscal second-quarter results: adjusted EPS $0.70 versus $0.58 expected; revenue $1.19 billion versus $1.1 billion consensus.
• Operating cash flow fell to negative $136 million, free cash flow to negative $238 million, reportedly reflecting front-loaded NAND purchases.
• Management raised fiscal 2027 revenue guidance to $5.03–$5.07 billion; software-sector rally offered limited support, company-specific earnings reaction primary catalyst.