Everpure Q2 revenue beats estimates driven by AI, hyperscale momentum; raises outlook

Everpure

26/08/2026 21:18

Overview
US storage platform's fiscal Q2 revenue rose 38% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q2 beat analyst expectations
Company raised FY27 revenue and operating profit guidance on strong demand

Outlook
Everpure raises FY27 revenue guidance to $5.03 bln-$5.07 bln from $4.41 bln-$4.51 bln
Company expects Q3FY27 revenue of $1.325 bln-$1.335 bln, up 37%-38% year-over-year
Everpure sees FY27 non-GAAP operating income at $940 mln-$960 mln, up 48%-51% year-over-year

Result Drivers
PRODUCT REVENUE SURGE - Product revenue grew 54% yr/yr, driven by demand for new AI, data intelligence, and hyperscale offerings, per CEO Charles Giancarlo
HYPERSCALE CUSTOMER WINS - Landmark design win with a second top-five hyperscaler boosted results, leveraging Everpure's DirectFlash architecture
STRONG DEMAND ACROSS PORTFOLIO - Company said demand remained strong for its solutions despite industry price increases, per CFO Tarek Robbiati

Company press release: ID:nPn9wxX2ja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.20 bln
$1.10 bln (17 Analysts)
Q2 Adjusted EPS
Beat
$0.70
$0.58 (19 Analysts)
Q2 Adjusted Operating Income
Beat
$230 mln
$201.06 mln (17 Analysts)
Q2 Adjusted Gross Margin
 
69.90%
 
Q2 Adjusted Operating Margin
 
19.40%
 
Q2 Operating Cash Flow
 
-$136 mln
 
Q2 Operating Income
 
$63 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for Everpure Inc is $98.50, about 4.2% below its August 25 closing price of $102.81
The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 29 three months ago

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Aug 25 - Intuit's annual forecast falls short of estimates as it prioritizes customer growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)