Pure Storage Inc. reported its second quarter fiscal 2026 earnings with revenue of $861 million, surpassing estimates of $846.2 million and marking a 13% year-over-year increase. Adjusted earnings per share (EPS) came in at $0.43, beating the estimated $0.39. The company raised its full-year 2026 revenue guidance to a range of $3.60 billion to $3.63 billion, above the prior estimate of $3.52 billion, reflecting a 13.5% to 14.5% year-over-year growth. Pure Storage also projected third-quarter revenue between $950 million and $960 million, exceeding the consensus estimate of $913.2 million. Subscription services revenue grew 15% year-over-year to $414.7 million, with subscription annual recurring revenue reaching $1.8 billion, up 18% year-over-year. Analysts responded positively, with Raymond James upgrading its price target to $88 from $76 and maintaining an Outperform rating, noting Pure Storage's initial revenue recognition from a deal with Meta. Separately, Veeva Systems reported second quarter fiscal 2026 revenue of $789.1 million, beating estimates of $768.5 million and representing a 16.7% increase year-over-year. Adjusted EPS was $1.99, surpassing the $1.90 estimate by $0.09. Veeva provided guidance for third-quarter EPS between $1.94 and $1.95 and revenue of $790 million to $793 million, both above consensus. The company highlighted strong execution across all segments, driven by momentum in Veeva AI and Data Cloud within life sciences. Additionally, Oppenheimer upgraded Green Plains Inc. to Outperform from Perform with a $14 price target following the sale of its Obion plant, which removed a major financial overhang.