Everpure (PSTG) Company Report

Pure Storage projects increased hyperscaler revenue for FY2027, with a new business model for this segment expected to yield gross margins in the 75-85 points range.
The company reports robust demand across its core enterprise business, evidenced by an 80% year-over-year growth in deals exceeding $5 million.
Pure Storage expects Q1 product gross margin pressure due to rising input costs but anticipates recovery from Q2 onwards following pricing adjustments, aiming for 65-70 points.
The 1touch acquisition, set to close in Q2, is strategically focused on the enterprise market to enhance data management capabilities within Pure Storage's enterprise data cloud vision.

8 hours ago

Transcript

Everpure Discusses Hyperscaler Strategy, Demand Drivers, and Margin Outlook

PSTG

Guidance Update

Revenue Acceleration/Inflection

M&A

Everpure anticipates most of its hyperscaler revenue in fiscal year 2027's third and fourth quarters, primarily from one lead customer, with the new standardized business model projected to deliver gross margins in the 75-85 points range.
The company reported robust demand across its core business in fiscal year 2026, driven by broad-based demand and infrastructure modernization, while AI-related demand, though growing, remains a smaller part of the overall business.
Everpure expects near-term pressure on Q1 gross margins due to rapid input cost increases but anticipates recovery to the 65-70 points range starting in Q2 and continuing throughout the year following pricing actions.
The 1touch acquisition, expected to close at the beginning of Q2, is targeted at enterprise customers to enhance data discovery and classification within Everpure's enterprise data cloud vision.
Management is focused on driving top-line growth while aiming for moderate leverage over time, targeting an annual increase of approximately one point to the operating margin.

8 hours ago

Transcript

Everpure Discusses Hyperscaler Growth and Q1 Margin Pressure

PSTG

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Everpure anticipates increased hyperscaler revenue for FY27, with most shipments expected in fiscal 3Q and 4Q, and the new business model for this segment is projected to achieve 75-85 points gross margin.
The company expects near-term pressure on Q1 product gross margins due to rapid input cost increases but anticipates recovery to the 65-70 points long-term range starting in Q2 following implemented pricing actions.
Everpure reports robust and broad-based demand in its core enterprise business, with infrastructure modernization projects advancing, and is engaging with Neoclouds for diverse AI infrastructure needs.
The 1touch acquisition, expected to close in Q2, is primarily aimed at the enterprise customer base to enhance data discovery and classification, complementing the unified control plane.
Management is focused on driving top-line growth and aims to achieve approximately one point of operating margin expansion annually.

8 hours ago

Transcript

Everpure (PSTG) Reports Strong Earnings and Strategic Expansion

PSTG

Earnings

M&A

Revenue Acceleration/Inflection

Everpure (formerly Pure Storage) announced a name change to reflect an expanded focus on data management, analytics, and AI, and acquired 1touch to accelerate this strategy.
The company reported its first $1.06 billion quarter (Q4), with 20% year-over-year growth for Q4 and 16% for the full year. It guided for 28% growth in Q1 and 19% for the full year.
Everpure expects to ship double-digit exabytes to hyperscalers in calendar year 2026, with projected gross margins for this segment between 75% and 85%.
The company maintains a high Net Promoter Score of 84 and emphasizes its software-driven model, leading to typical gross margins of 65%-70%.
Everpure is seeing significant demand for alternatives to VMware, driving growth in its Portworx product, and is not currently constrained by NAND supply despite rapid price increases in the spot market.

1 day ago

Transcript

Everpure Rebrands and Acquires 1touch Amidst Strong Earnings and Hyperscaler Growth

PSTG

M&A

Revenue Acceleration/Inflection

New Projects/Investments

Pure Storage rebranded to Everpure and acquired 1touch to expand into data management and AI, aiming to address a broader market beyond traditional storage. The company reported its first $1.06 billion quarter, with 20% year-over-year growth in Q4, and guided for 19% full-year growth.
Everpure expects to ship "double-digit exabytes" to hyperscalers in calendar year 2026, with gross margins for this business standardized at 75% to 85%. This segment is a significant growth driver, with hyperscalers currently exhibiting price insensitivity due to high demand.
The NAND flash spot market is experiencing "unprecedented" price increases (some prices more than doubling in less than four months) and shortages, which are expected to continue through the remainder of the year. While Everpure is not currently supply-constrained, rapid cost changes could temporarily impact gross margins.
The company maintains a high Net Promoter Score of 84 and offers unique programs like Evergreen for non-disruptive upgrades, leading to superior reliability and lower management overhead for customers. This strong customer satisfaction and product differentiation are driving significant market share gains in its core business.
Everpure is positioning its technology, including DirectFlash and the newly acquired 1touch capabilities, to address the challenges of preparing data for AI, particularly in enterprise environments where data is often not AI-ready. While AI-specific storage is a smaller segment (estimated 10% of the total storage market), the company is certified for NVIDIA's DGX SuperPOD and sees opportunities in GPU clouds and sovereign clouds.

1 day ago

Transcript

Everpure Announces Name Change, 1touch Acquisition, and Strong Financial Performance

PSTG

M&A

Guidance Update

Revenue Acceleration/Inflection

Everpure (formerly Pure Storage) announced its name change to reflect its expanded focus beyond storage to data management, including the acquisition of 1touch to enhance data context for analytics and AI.
The company reported its first billion-dollar quarter with $1.06 billion in revenue for Q4, representing 20% year-over-year growth, and guided for 28% year-over-year growth in Q1 and 19% for the full year.
Everpure's core business is experiencing significant growth, with expectations to exceed $4 billion this year, driven by its unique technology, high customer satisfaction (Net Promoter Score of 84), and competitive advantages like non-disruptive upgrades and "as-a-service" offerings.
The hyperscaler business is projected to ship double-digit exabytes in 2026, with expected gross margins for this segment ranging between 75% and 85%.

1 day ago

Transcript

Everpure Reports Strong Q4 and FY26 Results, Announces 1touch Acquisition, and Provides FY27 Guidance

PSTG

Earnings

Guidance Update

M&A

Everpure reported strong Q4 2026 revenue surpassing $1 billion for the first time, a 20% year-over-year growth, with record operating profit of $226 million and an operating margin of 21.3%.
For fiscal year 2026, total revenue grew 16% to $3.7 billion, achieving its highest annual operating profit of $635 million and an operating margin of 17.3%.
The company announced a definitive agreement to acquire 1touch, an AI-driven contextual data intelligence leader, which is projected to be 1.5% dilutive to operating profit in fiscal year 2027 but accretive within 24 months post-synergy.
Everpure provided fiscal year 2027 revenue guidance of $4.3 billion-$4.4 billion (an 18.8% year-over-year increase at the midpoint) and operating profit guidance of $780 million-$820 million (a 26% year-over-year increase at the midpoint).
Due to rising component costs, Everpure raised product prices on February 9, 2026, and anticipates Q1 product gross margins to be at the lower end of its typical 65%-70% range, with recovery expected through the fiscal year.

2 days ago

Transcript

Everpure Reports Record Q4 FY26 Results and Announces Acquisition

PSTG

Earnings

M&A

Revenue Acceleration/Inflection

Everpure reported record Q4 FY26 revenue of $1.06 billion, a 20% year-over-year increase, marking the first time quarterly revenue surpassed $1 billion.
Subscription Annual Recurring Revenue (ARR) grew 16% year-over-year to $1.92 billion, and Remaining Performance Obligations (RPO) increased 40% year-over-year to $3.67 billion.
Non-GAAP Operating Income for Q4 FY26 was $226 million, up 47% year-over-year, with a 21.3% Non-GAAP Operating Margin.
The company announced its intent to acquire 1touch to enhance data management capabilities and anticipates a significant acceleration in hyperscaler shipments and revenues in FY27.

2 days ago

Presentation

Everpure Announces Strong Q4 2026 Results, 1touch Acquisition, and FY27 Outlook

PSTG

Earnings

M&A

Guidance Update

Everpure reported a strong Q4 fiscal year 2026, with revenue surpassing $1 billion for the first time, representing 20% year-over-year growth, and full-year revenue reaching $3.7 billion, up 16%. The company also achieved a record Q4 operating profit of $226 million, implying a 21.3% operating margin.
The company announced the acquisition of 1touch, an AI-driven contextual data intelligence leader, and rebranded from Pure Storage to Everpure, signaling an expansion into comprehensive data infrastructure and intelligence. The acquisition is expected to be 1.5% dilutive to operating profit in fiscal year 2027.
Everpure secured its first FlashBlade//EXA customer and is in advanced discussions with dozens more, indicating positive demand for its AI-scale workload offering. The hyperscale business grew beyond expectations in FY 2026, with continued growth anticipated in FY 2027, concentrated in the second half.
For fiscal year 2027, Everpure provided strong revenue guidance of almost 19% year-over-year growth at the midpoint. However, the company expects Q1 product gross margins to be at the lower end of its typical 65%-70% range due to rapid increases in component pricing, with recovery anticipated through the fiscal year.

2 days ago

Transcript

Everpure Reports Strong Q4 and FY 2026 Results, Guides for FY 2027, and Announces 1touch Acquisition

PSTG

Earnings

Guidance Update

M&A

Everpure reported a strong Q4 2026 with $1 billion in revenue, contributing to $3.7 billion for fiscal year 2026, and provided FY 2027 revenue guidance of $4.3 billion to $4.4 billion, representing an 18.8% year-over-year increase at the midpoint.
The company announced a definitive agreement to acquire 1touch to accelerate its ability to help customers unlock the strategic value of their data for AI, and underwent a rebranding to Everpure to reflect its expanded focus on intelligent data management.
Everpure achieved an industry-high Net Promoter Score (NPS) of 84 for calendar 2025, maintaining a score above 80 for over a decade, and grew its customer base to over 14,500.
Subscription services revenue in Q4 2026 increased 14% year-over-year to $440 million, accounting for 42% of total revenue, with Annual Recurring Revenue (ARR) growing 16% to $1.9 billion.
The company anticipates continued macroeconomic uncertainty and challenges from increasing component costs and potential supply chain disruptions, which led to price increases across its product portfolio effective February 9, 2026.

2 days ago

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Everpure.

Q4 2026

Feb 25, 2026

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Q3 2026

Dec 2, 2025

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Q2 2026

Aug 27, 2025

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View All Transcripts

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Everpure (PSTG)

Analyst Earnings Quarterly Reports

Q3 2026

Q2 2026

Q1 2026

Q4 2025

Executives

Charles Giancarlo

Ajay Singh

John Colgrove

Nicole Armstrong

Patrick Finn

Tarek Robbiati

Board Members

Andrew Brown

Greg Tomb

Jeff Rothschild

John Murphy

Mallun Yen

Roxanne Taylor

Scott Dietzen

Susan Taylor

Analyst Coverage

Amit Daryanani

Howard Ma

Aaron Rakers

Asiya Merchant

Simon Leopold

Wamsi Mohan

Eric Martinuzzi

Erik Woodring

James Fish

Krish Sankar

Samik Chatterjee

David Vogt

Jason Ader

Mehdi Hosseini

Meta Marshall

Pinjalim Bora

Mike Cikos

Caden Dahl

Matt Klypka

Max Michaelis

Maxwell Michaelis

Michael Cikos

Param Singh

Tim Long

Timothy Long

Victor Chiu

Ari Terjanian

Asiya Merchant

Chris Shankar

Eddy Orabi

Jeffrey Koche

Jim Fish

Matt Colicci

Matthew Calitri

Michael Cadiz

Michael Turrin

Paramveer Singh

Quinton Gabrielli

Ruplu Bhattacharya

Sreekrishnan Sankarnarayanan

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Q4 2026

Q3 2026

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