SEC 8-K filings with transcript text
Aug 26, 2026
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Exhibit 99.1
Everpure Announces Second Quarter Fiscal 2027 Financial Results
Total revenue growth of 38% year-over-year
Product revenue growth of 54% year-over-year
Significantly increased FY27 revenue and operating profit guidance
SANTA CLARA, Calif. — August 26, 2026 — Everpure (NYSE: P), the company revolutionizing storage and data management, today announced financial results for its second quarter fiscal year 2027 ended August 2, 2026.
“Q2 marks eight straight quarters of accelerating revenue growth for Everpure, and confirmed our position as the most innovative and vital company in our industry,” said Charles Giancarlo, Chairman and CEO of Everpure. “Our expansion into Data Intelligence, and our increasing momentum in AI and hyperscale products, ensures we are well-positioned to capture enduring long-term growth.”
Second Quarter Financial Highlights
•Revenue $1.2 billion, up 38% year-over-year
•Product revenue $687 million, up 54% year-over-year
•Subscription services revenue $499 million, up 20% year-over-year
•Subscription annual recurring revenue (ARR) $2.1 billion, up 20% year-over-year
•Remaining performance obligations (RPO) $4.1 billion, up 44% year-over-year
•GAAP gross margin 68.4%; non-GAAP gross margin 69.9%
•GAAP operating income $63 million; non-GAAP operating income $230 million
•GAAP operating margin 5.3%; non-GAAP operating margin 19.4%
•Operating cash flow $(136) million; free cash flow $(238) million
•Total cash, cash equivalents, and marketable securities $1.0 billion
•Returned approximately $69 million to stockholders through share repurchases of 0.9 million shares.
“Q2 was another outstanding quarter for Everpure, where we delivered record revenue and operating profit, exceeding the high-end of our guidance," said Everpure CFO Tarek Robbiati. "Demand remains strong across our solutions portfolio despite historic industry price increases in the first half of FY’27. We are raising guidance significantly for the second half of the year to reflect our confidence in continued revenue momentum.”
Second Quarter Company Highlights
Second Top-Five Hyperscale Win
•Announced on August 10 a landmark design win with a second top-five hyperscaler, leveraging Everpure's advanced DirectFlash® architecture to drastically lower operational costs and reclaim vital power and rack space for hyperscale workloads.
Advancing Enterprise Data & AI Infrastructure
•Unveiled the Data Primacy architecture at //Accelerate 2026, Everpure Data Intelligence for automated data discovery and governance.
•Announced general availability of Everpure Data Stream to automate data pipelines from ingestion to inference and accelerate data preparation.
•Evolved Pure1 AI Copilot from a conversational assistant into an active operator that analyzes performance anomalies, provides step-by-step root-cause analysis, and guides teams to resolution.
Expanding Hybrid Cloud & Virtualization
•Introduced Portworx for Edge on Red Hat OpenShift and expanded Portworx by Everpure to bring native Kubernetes data management, including storage, data protection, and disaster recovery, directly into the Red Hat OpenShift console.
•Announced general availability of Everpure Cloud Azure Native for Azure Virtual Machines, extending the fully managed enterprise block storage service across public cloud environments.
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Driving Strategic Ecosystem Partnerships
•Achieved general availability of Everpure FlashBlade integration into Cisco Intersight, delivering native onboarding, complete inventory visibility, and unified health dashboards.
•Announced the Everpure OpenSharing Connector, enabling Databricks to query Iceberg and Delta tables directly on Everpure object storage without data replication or egress fees.
Industry Recognition & Impact
•Named a Leader in the 2026 Gartner® Magic Quadrant™ for Enterprise Storage Platforms, positioned highest in execution and furthest in vision for the second consecutive year.
•Named to the PEOPLE® Companies That Care by Great Place to Work® and PEOPLE® magazine.
•Named Virtualization Transformation Partner of the Year in the 2026 Red Hat Ecosystem Innovation Awards and recognized as a Leader in The Forrester Wave™: Object Storage Solutions, Q2 2026.
•CEO Charles Giancarlo was recognized on CRN’s The 25 Most Influential Executives Of 2026 list.
Third Quarter and FY27 Guidance
Revenue$1.325B to $1.335B
Revenue YoY Growth Rate37% to 38%
Non-GAAP Operating Income$265M to $275M
Non-GAAP Operating Income YoY Growth Rate
35% to 40%
Prior Guidance
New Guidance
Revenue$4.41B to $4.51B$5.03B to $5.07B
Revenue YoY Growth Rate20% to 23%37% to 38%
Non-GAAP Operating Income$820M to $860M$940M to $960M
Non-GAAP Operating Income YoY Growth Rate
29% to 36%48% to 51%
These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for inform
May 27, 2026
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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
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%
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
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