Everpure Q1 Revenue Jumps 35% to $1.1B, Guidance Raised; Shares Fall Late
P•Everpure reported first-quarter fiscal 2027 revenue of $1.1 billion, a 35% year-over-year increase, and non-GAAP operating income of $159 million, up significantly from prior-year levels. The company raised FY27 revenue guidance to $4.41 billion–$4.51 billion, noted a 55% surge in product revenue and completed its 1touch acquisition, but shares slid late.
1. Strong First Quarter Performance
Everpure reported first-quarter fiscal 2027 revenue of $1.1 billion, a 35% year-over-year increase, with product revenue up 55% to $577 million and subscription services revenue rising 17% to $476 million. The company generated free cash flow of $112 million and returned $84 million to stockholders through repurchases of 1.3 million shares.
2. Upgraded Full-Year Guidance
Everpure raised its FY27 revenue guidance to $4.41 billion–$4.51 billion, reflecting 20%–23% year-over-year growth, and lifted non-GAAP operating income targets to $820 million–$860 million, up 29%–36%. For the second quarter, it forecasts revenue of $1.095 billion–$1.105 billion, implying 27%–28% growth.
3. Strategic Expansion Initiatives
The company officially rebranded from Pure Storage to Everpure and completed the strategic acquisition of 1touch to bolster its Enterprise Data Cloud capabilities. It also launched ActiveCluster support for file data deployments and announced an upcoming beta of Everpure Data Stream to automate AI data curation.
4. Market Reaction
Despite the stronger-than-expected results and raised guidance, shares dipped in late trading, indicating investor concerns over valuation and potential supply chain constraints. The pullback highlights market scrutiny on the sustainability of high-growth projections.
