The AI Storage Software — Pure Storage and the QLC Inference Wave · The Memory Wall — HBM, DRAM, NAND & the AI Memory Cartel
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Enterprise all-flash storage. Confirmed top-4 hyperscaler design win (widely reported as Meta) — 10-12 EB deployment late 2026.
What they do
Builds all-flash enterprise storage appliances and the software that runs them . QLC-based DirectFlash modules deliver flash density at HDD prices for AI inference. The big news: confirmed top-4 hyperscaler design win Q3 2025 (widely reported as Meta) — 10 to 12 exabytes late 2026. Q2 FY2026 revenue $861M (+13%). 90%+ gross margins on the hyperscaler deal because Meta uses ODM hardware running Pure's software.