• Pure Storage, Inc. (NYSE:PSTG) is set to release its quarterly earnings with an anticipated EPS of $0.59 and revenue of $955.5 million.
• Western Digital Corporation (WDC) shows strong momentum in the AI-driven storage solutions market, with a significant year-over-year shipment increase.
• The global data storage market is expected to reach $1.3 trillion by 2033, with a CAGR of 16.44% from 2025 to 2033, indicating a robust growth opportunity for both PSTG and WDC.

Pure Storage, Inc. (NYSE:PSTG) is a prominent player in the data storage industry, specializing in flash-based storage systems and software-driven solutions. As the company prepares to release its quarterly earnings on December 2, 2025, Wall Street anticipates an earnings per share (EPS) of $0.59 and revenue of approximately $955.5 million.

In comparison, Western Digital Corporation (WDC) has been gaining momentum due to the rising demand for AI-driven storage solutions. WDC's recent shipment of 204 exabytes, a 23% year-over-year increase, underscores the growing need for AI and cloud storage. This demand has allowed WDC to outpace PSTG in terms of value and momentum, as highlighted by its strong cash flow and dividend growth.

WDC's valuation is more appealing, trading at 19.45 times forward earnings, compared to PSTG's 82.84 times. This suggests that investors find WDC more attractive in terms of valuation. Despite PSTG's high price-to-earnings (P/E) ratio of 201.86, indicating a willingness to pay over 200 times the company's earnings, its low debt-to-equity ratio of 0.17 reflects a conservative approach to leveraging equity.

The global data storage market is projected to reach $1.3 trillion by 2033, growing at a compound annual growth rate (CAGR) of 16.44% from 2025 to 2033. Both PSTG and WDC are well-positioned to capitalize on this growth, driven by increased business process automation, cloud computing, and remote work trends. PSTG's current ratio of 1.58 indicates a good level of liquidity to cover short-term liabilities, supporting its ability to navigate this expanding market.

PSTG's enterprise value to sales ratio of 8.17 and enterprise value to operating cash flow ratio of 34.17 reflect its valuation in relation to sales and cash flow. The company's earnings yield of 0.50% represents the percentage of each dollar invested in equity that was earned by the company. As PSTG releases its earnings, these financial metrics will be crucial for investors to assess its performance and future prospects.