Formerly known as Pure Storage, Everpure has had a good quarter. The company, which recently changed its name to reflect its transition to a comprehensive data platform, saw its quarterly revenue increase 20% to a record high of $1.1 billion.
With these results, Everpure proves that the demand for modern data storage and intelligent management in the AI era is greater than ever. For the full fiscal year 2026, revenue reached $3.7 billion, a 16% increase over the previous year.
“Everpure delivered an outstanding fourth quarter, achieving our first billion-dollar revenue quarter and capping off a strong fiscal year,” said Charles Giancarlo, Chairman and CEO of Everpure. “These results prove our impact in modernizing data storage. Our new name ‘Everpure’ represents the next step in our mission—enabling our customers to better manage and utilize their global data in the AI era.”
A key indicator of future growth is Remaining Performance Obligations (RPO)—the value of ongoing contracts that have yet to be recognized as revenue. This item jumped 40% to $3.7 billion, indicating a very strong order book for the coming year.
A key indicator of future growth is Remaining Performance Obligations (RPO), which represent the value of contracted revenue yet to be recognized. RPO rose by 40% to $3.7 billion, indicating a very strong order book for the coming year.
Financial highlights (Fiscal Year 2026)
Subscriptions: Annual recurring revenue (ARR) from subscriptions grew 16% to $1.9 billion.
Margins: The company achieved an impressive non-GAAP gross margin of 72.1%.
Cash flow: Operating cash flow for the year was $880 million.
Stockholders: $343 million worth of shares were bought back, through share repurchases of 5.6 million shares.
Everpure has been busy product-wise over the past year. The company introduced the Enterprise Data Cloud (EDC), an architecture that allows organizations to centrally manage data, whether it’s on-premises, in the public cloud, or in hybrid environments.
The company also launched the FlashBlade//EXA, a system specifically designed for the extreme performance demands of AI and high-performance computing (HPC). The partnership with Microsoft for Everpure Cloud Azure Native underscores the company’s close integration with the world’s largest cloud players.
Ambitious outlook for 2027
For the coming fiscal year (FY27), Everpure expects further acceleration. Revenue is expected to be between $4.3 billion and $4.4 billion. The outlook for the first quarter is particularly positive, with expected growth of 27% to 30%.
Despite global supply chain challenges, CFO Tarek Robbiati is confident. “In the fourth quarter, we generated record revenue and operating profit, exceeding the high end of our guidance,” said Tarek Robbiati. “We are entering FY27 with strong momentum as demand for our Everpure solutions across the Enterprise and Hyperscaler sectors remains robust. We are proactively navigating the global imbalances in the supply chain and are confident in our ability to deliver on our priorities this year.”
