PSTG: 10-Q · periodic report
Everpure, Inc. (formerly Pure Storage) posted fiscal 2027 second-quarter revenue of $1.186 billion, up 38% year over year, with net income of $74.1 million and diluted EPS of $0.21 versus $47.1 million and $0.14 a year earlier. Product revenue surged 54% to $686.8 million while subscription services revenue rose 20% to $499.1 million, and first-half net income roughly tripled to $98.2 million. Growth was driven by demand for FlashArray and FlashBlade solutions among large enterprise customers, higher pricing on performance-optimized configurations, and royalties from hyperscaler shipments. The company disclosed a design win with a second top-five hyperscaler in August 2026, and Subscription ARR reached $2.13 billion, up 20%, with total RPO of $4.1 billion, up 44% year over year. The weaker spots: first-half operating cash flow fell to $43.8 million from $496.1 million on strategic component purchases to lock in supply, and total gross margin slipped to 68% from 70% on rising component costs. Everpure still holds roughly $1.0 billion in cash and marketable securities with no borrowings on its $500 million credit facility, repurchased $69.0 million of stock in the quarter (leaving $176.0 million of its $1.8 billion authorization), and completed the $125.9 million acquisition of data intelligence firm 1touch — all under its new Everpure brand adopted in February 2026 as it pivots toward AI-era data management.
PSTG: 8-K · earnings release
Everpure reported record second quarter fiscal 2027 results on August 26, 2026, with revenue of $1.2 billion, up 38% year-over-year and exceeding the high end of guidance, while product revenue surged 54% to $687 million. CEO Charles Giancarlo said Q2 marked eight straight quarters of accelerating revenue growth, fueled by AI and hyperscale momentum. GAAP net income was $74.1 million ($0.21 diluted EPS) versus $47.1 million a year ago, and non-GAAP operating income reached $230 million at a 19.4% margin. Subscription ARR hit $2.1 billion and RPO rose 44% to $4.1 billion, though free cash flow was negative at $(238) million amid a working capital and inventory build. Management significantly raised FY27 guidance: revenue to $5.03-$5.07 billion (37-38% growth) from $4.41-$4.51 billion, and non-GAAP operating income to $940-$960 million from $820-$860 million. CFO Tarek Robbiati cited strong demand across the portfolio despite historic industry component price increases. The quarter included a second top-five hyperscaler design win leveraging DirectFlash architecture, plus new Data Intelligence, Portworx, and Azure Native product milestones. Everpure also returned about $69 million to stockholders via repurchases of 0.9 million shares and will host a Financial Analyst Meeting on September 23, 2026.
PSTG: 8-K · proxy statement
Everpure, Inc. reported the voting results from its annual meeting of stockholders held on June 10, 2026. All three nominees for Class II director—Andrew Brown, John Colgrove, and Roxanne Taylor—were elected to serve until the 2029 annual meeting. Stockholders also ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2027, with over 301 million votes in favor. Additionally, shareholders approved the advisory compensation of named executive officers, with approximately 232 million votes cast in support.
Everpure, Inc. (formerly Pure Storage) reported first-quarter fiscal 2027 results showing a strong turnaround, with total revenue rising 35% year-over-year to $1.05 billion and net income reaching $24.1 million compared to a $14.0 million loss in the prior year. Product revenue surged 55% to $576.5 million, driven by increased demand for FlashArray and FlashBlade solutions, while subscription services revenue grew 17% to $476.4 million. The company achieved a 69% total gross margin, with product gross margin expanding to 65% from 62% due to price increases and favorable mix shifts. Subscription Annualized Recurring Revenue (ARR) grew 19% to $2.04 billion, and remaining performance obligations reached $3.8 billion, indicating strong future revenue visibility. In a strategic move to expand its data management capabilities, Everpure completed the acquisition of 1touch for $125 million in cash. The company ended the quarter with $1.5 billion in cash and marketable securities and no outstanding debt, while continuing its share repurchase program with $244.9 million remaining under its $1.8 billion authorization.
Everpure, Inc. (NYSE: P) reported first-quarter fiscal 2027 revenue of $1.05 billion, a 35% year-over-year increase, exceeding the high end of its prior guidance. The company also raised its full-year revenue guidance to $4.41 billion–$4.51 billion and non-GAAP operating income guidance to $820 million–$860 million, reflecting strong demand for its storage and data management solutions. In a significant strategic shift, Everpure announced it has formally transitioned its corporate brand from Pure Storage to Everpure and updated its ticker symbol to P on the NYSE. This rebranding underscores the company’s expansion from a traditional storage provider to a leader in enterprise data management and AI infrastructure, highlighted by the recent acquisition of 1touch. The company generated $180 million in operating cash flow and $112 million in free cash flow, while returning $84 million to shareholders through share repurchases. Everpure also highlighted product innovations such as FlashBlade//EXA and Evergreen//One, positioning itself to capture growth in the AI era.
Everpure Q1 Preview: Will Keep Riding The AI Hype, But Priced For Perfection
Everpure to Change Ticker Symbol to "P"
