Pure Storage Announces $400 Million Share Repurchase Authorization

Pure Storage Inc., an IT provider that delivers advanced data storage technology and services, announced that its board of directors has approved an incremental share repurchase of up to an additional $400 million under the company’s existing share repurchase program.The authorization is in addition to the approximately $20 million remaining under Pure Storage’s $250 million share repurchase program announced in February 2025.

“This largest-ever share repurchase authorization for Pure Storage is a direct reflection of our strategic value, long-term trajectory, and strong financial position,” said Tarek Robbiati, CFO, Pure Storage. “We remain committed to disciplined capital allocation and delivering shareholder value while continuing to invest in technology innovation that defines our industry leadership.”

The authorization allows Pure Storage to repurchase shares of its Class A common stock opportunistically and will be funded from available cash on our balance sheet. Repurchases may be made at management’s discretion from time to time on the open market through a variety of approaches, such as privately negotiated transactions, transactions structured through investment banking institutions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing. The repurchase program does not have an expiration date, does not obligate Pure to acquire any of its common stock, and may be suspended or discontinued by the company at any time without prior notice.