Pure Storage (PSTG) reported second-quarter fiscal 2026 revenue of $861 million, exceeding estimates of $846.2 million and representing a 13% year-over-year increase. Adjusted earnings per share (EPS) came in at $0.43, beating the consensus estimate of $0.39. The company raised its third-quarter revenue guidance to a range of $950 million to $960 million, well above the expected $913 million, and also increased full-year 2026 revenue forecasts. Ambarella (AMBA) delivered strong second-quarter fiscal 2026 results with revenue of $95.5 million, up 49.9% year-over-year, surpassing the $90 million estimate. Adjusted EPS was $0.15, beating the $0.05 consensus. The company projected third-quarter revenue between $100 million and $108 million, above the $91.1 million consensus, and raised full-year 2026 revenue guidance. Elastic (ESTC) reported total revenue of $415 million for the second quarter, up 20% year-over-year (18% on a constant currency basis), with subscription revenue reaching $389 million, also up 20% year-over-year (19% constant currency). Elastic's earnings beat expectations, contributing to a rally in data software stocks amid ongoing AI-related market interest. Affirm's stock also rose 15% following earnings and revenue beats. Analysts have upgraded Ambarella to a buy rating, citing growth driven by higher average selling price computer vision-based system-on-chips and tariff-related customer pull-ins.