Everpure Sees 35% Q1 Revenue Growth, 28% Q2 Guidance with Margin Pressure
P•Everpure posted 35% year-over-year Q1 revenue growth and guided 28% for Q2 while operating with gross margins at the low end of its target range to mitigate supply-chain pressures. Hyperscaler revenue was minimal in Q1, with meaningful shipments delayed to H2, raising uncertainty over full-year targets given volatile component pricing.
1. Q1 Revenue Growth and Q2 Guidance
Everpure delivered 35% year-over-year revenue growth in Q1 and issued guidance for 28% growth in Q2, reflecting strong end-market demand. Management emphasized that near-term momentum is solid but cautioned that full-year targets depend on maintaining order flow through volatile conditions.
2. Margin Strategy Amid Supply Chain
Gross margins in Q1 sat at the lower end of the company’s target range as Everpure prioritized customer support during ongoing supply-chain constraints. Pricing on key components has shifted weekly, prompting a strategy that balances margin protection with shipment commitments.
3. Hyperscaler Shipment Timing and Risks
Hyperscaler product revenue contributed minimally in Q1, with significant shipments deferred to the second half of the fiscal year. This timing shift increases reliance on back-half execution and exposes full-year forecasts to risks from fluctuating component prices and supply availability.
