This might be a reason for SIMO's strong performance today.
Pure Storage (PSTG) reported yesterday. They are trying to get the major cloud hyperscalers (like Facebook) to move from their current storage method (probably super high volume disk drives) to all NAND flash storage arrays. Maybe Mon Titan is involved, maybe not here specifically, but a big part of the Mon Titan target market story (enterprises replacing disk storage with flash memory storage) is along these lines.
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As a reminder, we are working with our hyperscale partners to enable them to replace their raw storage with our DirectFlash technology. To put this in perspective, imagine hyperscaler storage infrastructure as a 3-layer cake. Layer 1 is the storage media layer, Layer 2 is the storage protocol and format layer, and Layer 3 is the storage services layer. The capabilities that Pure is developing for hyperscalers focuses on the Layer 1 storage media and media management layer below Layer 2.
Hyperscalers have developed their own layer 2 data storage protocols and formats and also Layer 3 services. By providing Pure DirectFlash technology at Layer 1, we are able to dramatically reduce the power space and cooling requirements of hyperscale storage while significantly increasing its performance and reliability. Additionally, Pure Cloud Block store also provides advanced Layer 3 services on top of hyperscale services, which provide enterprise-class storage services at lower cost than existing cloud storage services.
Cloud Block Store provided by Purity software at Layer 3 is able to provide enterprise customers the advanced storage services that their traditional applications depend on in the cloud while saving them significant expense. Our primary annual user conference Accelerate took place this past June. There, we formally introduced the Enterprise Data Cloud architecture as well as next-generation innovations in our FlashArray and FlashBlade systems designed for the most demanding high-performance workloads.
We announced the general availability of FlashBlade//EXA targeting the most demanding AI training environments, FlashArray//XL R5, which doubles the performance of previous generations and the new FlashArray//ST which targets even higher performance ultra- low latency workloads.
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At the same time, the //E family makes it possible to replace legacy disk systems at a comparable upfront cost while delivering lower long-term total cost of ownership, or TCO, greater reliability and scalable performance, turning the vision of the all-flash data center into reality.
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Our collaboration with Meta continues well and as expected. As a reminder, our original fiscal year '26 guidance assumed deployment of 1 to 2 exabytes of our DirectFlash technology.
Deployments have started such that we have begun to recognize revenue this past quarter. Given the pace of these deployments, we are now increasingly confident about the assumption of 1 to 2 exabytes and possibly more by our fiscal year-end. Our relationship with Meta continues to advance, and we continue to see increased interest from other hyperscalers looking to replace both hard disk and SSD-based environment with our DirectFlash technology.
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Mon Titan's story is high end data centers are going to replace disk drives with flash SSDs, and these guys say that is beginning, and also in early early innings. |
