Can a factory reset remove Pegasus?

Could you please clarify for me, is it possible for a factory reset to effectively eliminate the Pegasus malware from a device? I understand that Pegasus is a highly sophisticated spyware, and I'm wondering if simply resetting a device to its factory settings would be sufficient to completely remove any traces of this malware. Could you elaborate on the effectiveness of this method, and if there are any alternative or additional steps that should be taken to ensure complete removal of Pegasus?