Everpure Reaffirms FY27 Revenue Guidance Of $5.03B-$5.07B; Issues Preliminary FY28 Revenue Outlook Of $7B-$7.3B

Company outlines path for durable, accelerated growth through four strategic growth vectorsSANTA CLARA, Calif., Sept. 23, 2026 /PRNewswire/ -- Today at its 2026 Financial Analyst Meeting, Everpure (NYSE:P), the company revolutionizing storage and data management, provided details on its business expansion providing durable, accelerated growth. The company also reaffirmed its fiscal year 2027 outlook and provided a preliminary outlook for fiscal year 2028."Everpure is at an inflection point as we expand our horizons to managing data in the enterprise and solutions for hyperscalers," said Charlie Giancarlo, Chairman and Chief Executive Officer at Everpure. "A decade of committed investment in an integrated, extensible architecture has created a structurally higher growth baseline in our core business. This same core IP has unlocked three distinct, incremental markets—allowing us to expand our opportunity, drive significant operating leverage, and provide enhanced visibility into our long-term financial trajectory."Sustained R&D InnovationOver the past five years, Everpure has consistently dedicated on average 19% of annual revenue to R&D1. Everpure's focused R&D investments on a single, unified platform is a superior use of invested capital versus fragmenting resources across multiple legacy architectures. This disciplined strategy has fueled both the durability of Everpure's core business, demonstrated by eight consecutive quarters of accelerating revenue growth, and its expansion into new high growth markets. Building upon a track record of consistent market share gains across both inflationary and deflationary cycles, Everpure expects its strong R&D leadership to extend its product velocity while accelerating penetration into new growth markets.__________________1On a non-GAAP basis. For a reconciliation to GAAP, please see the table at the end of this release.Four Strategic Growth VectorsBy leveraging its proprietary intellectual property and extensible architecture, Everpure has unlocked multiple new distinct market opportunities alongside its core foundation. The company outlined four strategic growth vectors:Core and Core AI: Includes FlashBlade, Flash Array, and Evergreen//One subscriptions, both CPU- and GPU-attached.Modern Data Software: Includes Everpure Data Intelligence, Everpure Data Stream, Portworx, Everpure Resilience, and Everpure Cloud.Scale AI: Includes FlashBlade//EXA solutions tailored for neoclouds and AI-native providers.Hyperscale Solutions: Includes DirectFlash technology designed specifically for hyperscalers.Core and Core AI is projected to continue to gain market share, and the three new growth vectors—Modern Data Software, Scale AI, and Hyperscale Solutions—are expected to represent approximately 20% of total revenue by fiscal year 2030.Financial Outlook and Capital Management"Everpure's financial profile is durably resetting to higher levels of growth and profitability," said Tarek Robbiati, Chief Financial Officer at Everpure. "We have demonstrated over the past decade-plus that we can profitably grow and take share in our core business across inflationary and deflationary cycles. This has been made possible by our unique differentiated IP which is now enabling a sustained level of financial performance well above Rule of 40."To support this trajectory, Everpure maintains a disciplined capital management framework centered on funding organic investment, strengthening the balance sheet, pursuing strategic mergers and acquisitions, completing share buybacks to offset dilution from stock-based compensation, and executing additional select buybacks to return excess capital. Today's new framing preserves flexibility to fund a much larger opportunity set than the company has ever had.The company re-affirmed its fiscal year 2027 revenue and operating income guidance provided on its second quarter fiscal year 2027 earnings call, and provided a preliminary outlook for fiscal year 2028.FY27 GuidanceRevenue$5.03B to $5.07B Revenue YoY Growth Rate37% to 38%Non-GAAP Operating Income$940M to $960MNon-GAAP Operating Income YoY Growth Rate48% to 51% Preliminary FY28 OutlookRevenue$7.0B to $7.3B Revenue YoY Growth Rate39% to 45%Non-GAAP Operating Income$1.7B to $1.9BNon-GAAP Operating Income YoY Growth Rate80% to 100%These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements.