Everpure Reports Strong Q2 Earnings and Raises Full-Year Guidance
Everpure reported second-quarter fiscal 2027 results that exceeded expectations, with revenue rising 38% year over year to $1.19 billion and operating profit increasing by 77% to $230 million. The company raised its full-year revenue guidance to between $5.0 billion and $5.7 billion due to sustained demand across geographies and business segments. Subscription services continued strong growth, with subscription revenue up 20% year over year to $499 million and annual recurring revenue surpassing $2 billion for the first time. Evergreen//One storage-as-a-service contract value grew by an impressive 121%. The company also announced a design win with a second top-five hyperscaler, signaling growing adoption of its AI data and virtualization offerings. CEO Charlie Giancarlo highlighted broad-based growth driven by product portfolio expansion, the unified Purity software platform, DirectFlash technology, and strong performance in enterprise markets. CFO Tarek Robbiati noted that Everpure has exceeded the Rule of 40 for three consecutive quarters, with a total gross margin of 69.9%. The company is managing component cost pressures by operating at lower end margins but expects improvement as semiconductor costs stabilize.
Topics: financial_results guidance_update operating_profit revenue_growth