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EX-99.1

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EX-99.1

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Exhibit 99.1

Everpure Announces First Quarter Fiscal 2027 Financial Results

Total revenue growth of 35% year-over-year

Product revenue growth of 55% year-over-year

Increased FY27 revenue and operating profit guidance

SANTA CLARA, Calif. — May 27, 2026 — Everpure (NYSE: P), the company revolutionizing storage and data management, today announced financial results for its first quarter fiscal year 2027 ended May 3, 2026.

“Q1 was another outstanding quarter, reflecting the deepening trust customers place in Everpure to unlock their most valuable asset—their data,” said Charles Giancarlo, Chairman and CEO of Everpure. “As we expand our Enterprise Data Cloud vision with the integration of 1touch, we are uniquely positioned to help enterprises eliminate infrastructure friction and activate their data for the AI era.”

First Quarter Financial Highlights

•Revenue $1.1 billion, up 35% year-over-year

•Product revenue $577 million, up 55% year-over-year

•Subscription services revenue $476 million, up 17% year-over-year

•Subscription annual recurring revenue (ARR) $2 billion, up 19% year-over-year

•Remaining performance obligations (RPO) $3.8 billion, up 41% year-over-year

•GAAP gross margin 68.7%; non-GAAP gross margin 70.1%

•GAAP operating income $20 million; non-GAAP operating income $159 million

•GAAP operating margin 1.9%; non-GAAP operating margin 15.1%

•Operating cash flow $180 million; free cash flow $112 million

•Total cash, cash equivalents, and marketable securities $1.5 billion

•Returned approximately $84 million to stockholders through share repurchases of 1.3 million shares.

“In Q1, we generated record revenue and operating profit, exceeding the high-end of our guidance," said Everpure CFO Tarek Robbiati. "We are executing extremely well in a challenging supply chain environment—carrying our strong momentum into FY27, fueled by robust, broad-based demand for our Everpure solutions. Our increased guidance for the year reflects confidence in our ability to deliver on our priorities this year.”

First Quarter Company Highlights

A New Identity for the AI Era

•Formally transitioned the corporate brand from Pure Storage to Everpure and updated its ticker symbol (NYSE: P), reflecting the company's expansion from a storage provider to a leader in the future of data management.

•In May, completed the strategic acquisition of 1touch, an innovator in data intelligence and orchestration, adding data security posture management (DSPM), advanced data discovery, classification, and semantic context capabilities to the Everpure Platform.

Advancing the Enterprise Data Cloud Vision

•Launched ActiveCluster support for file data, enabling fleet-wide, policy-driven mobility and continuous availability. This innovation allows file workloads to move across environments without disruption.

•Announced the upcoming beta of Everpure Data Stream, to simplify AI curation and orchestration by eliminating manual data movement, significantly reducing the complexity barriers that typically stall enterprise AI projects.

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Industry-Leading Performance & Consumption Models

•FlashBlade//EXA achieved the highest score ever recorded for the SPECstorage Solution 2020 AI_Image benchmark. Demonstrated superior performance economics, moving data twice as fast as competitors while occupying less than half a rack of storage space.

•Extended Evergreen//One support to FlashBlade//EXA, providing a flexible pay-as-you-go model for high-performance AI training and inference.

•Announced Purity DeepReduce, introducing adaptive, similarity-based data reduction, unlocking deeper efficiencies for AI pipelines, backups, and modern file and object workloads while preserving predictable, high-performance flash economics.

Increasing Partner Value

•Updated the partner program, focused on data-centric services where storage and data are foundational, particularly in the MSP program, while distributors play an expanded role in enablement to accelerate partner readiness.

•Announced the general availability of Everpure™ FlashArray™ support for Microsoft Azure Local.

•Announced the general availability of Pure1 + Veeam Anomaly Awareness Workflow, a new integration that unifies Everpure Pure1 and Veeam Backup & Replication.

Industry Recognition & Impact

•Recognized as part of CRN’s 2026 AI 100 and Storage 100.

•Hope Galley, VP, Americas Partner Sales, was recognized as part of CRN’s 2026 Women of the Channel Power 100.

Second Quarter and FY27 Guidance

Q2FY27

Revenue$1.095B to $1.105B

Revenue YoY Growth Rate27% to 28%

Non-GAAP Operating Income$195M to $205M

Non-GAAP Operating Income YoY Growth Rate

50% to 58%

FY27

Prior Guidance

New Guidance

Revenue$4.3B to $4.4B$4.41B to $4.51B

Revenue YoY Growth Rate17% to 20%20% to 23%

Non-GAAP Operating Income$780M to $820M$820M to $860M

Non-GAAP Operating Income YoY Growth Rate

23% to 29%29% to 36%

These statements are forwa