Good day and welcome to the Pure Storage first quarter fiscal 2026 financial results conference call. Today's conference is being recorded. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. If you would like to ask a question, please press star one on your telephone keypad. At this time, I'd like to turn the call over to Paul Ziots, Vice President of Investor Relations. Please go ahead.
Thank you. Good afternoon, everyone, and welcome to Pure's first quarter fiscal year 2026 earnings conference call. On the call, we have Charlie Giancarlo, Chief Executive Officer, Kevan Krysler, Chief Financial Officer, and Rob Lee, Chief Technology Officer. Following Charlie's and Kevan's prepared remarks, we will take questions. Our press release was issued after close of market and is posted on our website, where this call is being simultaneously webcast. The slides that accompany this webcast can be downloaded at investor.purestorage.com. On this call today, we will make forward-looking statements, which are subject to various risks and uncertainties. These include statements regarding our financial outlook and operations, our strategy, technology, and its advantages, our current and new product offerings, and competitive industry and economic trends. Any forward-looking statements we make today are based on facts and assumptions as of today, and we undertake no obligation to update them.
Our actual results may differ materially from the results forecasted, and reported results should not be considered as an indication of future performance. The discussion of some of the risks and uncertainties related to our business is contained in our filings with the SEC, and we refer you to these public filings. During this call, all financial metrics and associated growth rates are non-GAAP measures other than revenue, remaining performance obligations, or RPO, and cash and investments. Reconciliations to the most directly comparable GAAP measures are provided in our earnings press release and slides. This call is being broadcast live on the Pure Storage Investor Relations website and is being recorded for playback purposes. An archive of the webcast will be available on the IR website and is the property of Pure Storage. Our second quarter fiscal 2026 quiet period begins at the close of business, Friday, July 18th, 2025.
With that, I'll turn it over to Charlie.
Thank you, Paul, and good afternoon, everyone, and welcome to our Q1 FY26 earnings call. Thank you for joining us today. Pure delivered solid performance in Q1, delivering double-digit growth within a dynamic macro environment. Our introduction of Fusion 2.0 last quarter has received an outstanding reception. Already, almost 100 customers are using or testing Fusion to manage their data infrastructure. Customers are implementing their data management policies in software and applying their governance across their global data estate, ensuring consistent policy enforcement at scale and reducing human error. As I shared last quarter, our Fusion v2 software eliminates data silos, transforming fragmented storage into a unified enterprise data cloud. At our annual accelerate conference, we will unveil how our latest innovations enable our customers to create their own enterprise data cloud, allowing them to focus more on their business outcomes rather than their infrastructure.
This past quarter, we launched our newest FlashBlade, Flash Blade// EXA. Flash Blade// EXA will be the industry's highest-performing storage platform for AI and high-performance computing when it is delivered later this quarter. Traditional HPC storage was built for predictable workloads and demands ongoing tuning to deliver proper performance for different workloads. However, modern AI environments require a wide variety of performance levels consistently delivered across tens of thousands of GPUs. Flash Blade//EXA delivers ultra-fast data access with unmatched read and write bandwidth, using a new disaggregated architecture which scales effortlessly to support massive GPU clusters. It provides the ease of installation, operation, management, and upgradeability that Pure is known for. Q1 was a strong quarter in our breadth of AI wins across customers and segments and across scale and use cases.
First, we deliver industry-leading high-performance storage for public and private GPU farms, supporting small, medium, and large machine learning and training workloads. Second, as enterprises adopt inference engines and retrieval augmented generation, or RAG, to apply commercial large language models to proprietary data, they need storage infrastructure that scales non-disruptively and adapts to evolving AI demands. Third, AI is accelerating the push to modernize IT by breaking down infrastructure and data silos, enabling faster, broader access to real-time information. Unlike other vendors requiring different products for different use cases, Pure's unified platform handles the full range of AI workloads with simplicity and efficiency. Another topic on customers' minds is server virtualization. Two weeks ago, we announced a major agreement with Nutanix. This solution will integrate the Nutanix Cloud Platform with the Pure Storage Platform, solving a major challenge in the current virtualization market.
This joint solution provides a modern, scalable, virtualized environment which is purpose-built for high-demand, data center-scale workloads. Our partnership will deliver a high-performance virtualized environment, providing Nutanix Cloud infrastructure with Pure's enterprise data cloud using Pure Flash Array Storage. We expect the solution to be generally available later this year. Pure is helping customers solve their transition to modern virtualization in multiple ways. First, we are able to help customers reduce their costs of existing virtualization solutions through efficient CPU utilization and reduction of compute cores made possible with efficient Pure Storage access. Second, Pure Portworx supports a number of modern virtualization solutions such as Red Hat OpenShift and other Kubernetes virtualization solutions popularly known as KubeVirt. Portworx allows Kubernetes to automate both VM and container data management in one integrated orchestration model.
Finally, Pure has also worked with Microsoft to integrate Cloud Blockstore with Azure VMware Service (AVS) to enable customers to be able to easily lift and shift their VMware workloads and data to Azure under Microsoft's VMware license. We are expanding this Cloud Blockstore integration into a fully managed service available natively through AVS, which is in public beta now and expected to become generally available later this year. Our broad strategy is working. During the quarter, we signed multiple modern virtualization deals, two of which I'd like to highlight. First, a large modern virtualization win came from a global automotive manufacturer in a use case where downtime is not an option. This manufacturer needed to reduce costs and increase reliability at a large number of manufacturing sites. Moving to a new, modern virtualization solution was a strategic decision for them.