Everpure reported fiscal 2026 fourth‑quarter and full‑year results that surpassed consensus estimates. Total revenue reached $3.662 billion, a 16 % year‑over‑year increase from $3.17 billion in fiscal 2025. Fourth‑quarter revenue was $1.06 billion, up 20.4 % from $1.058 billion a year earlier. Adjusted earnings per share were $0.69, beating the consensus range of $0.64 to $0.66 by $0.04 to $0.05.
Revenue growth was driven by a 25 % increase in product revenue, fueled by strong demand for FlashArray and FlashBlade platforms in AI and machine‑learning workloads, and a 14 % rise in subscription services, which now represent a larger share of the top line.
Operating profit rose to $226 million, and operating margin expanded to 8.2 % from 4.8 % a year earlier. Non‑GAAP operating margin grew to 21.3 % from 17.4 % in the prior year, reflecting higher gross margins and disciplined operating‑expense management, including a decline in R&D spending as a percentage of revenue.
Management raised its fiscal 2027 revenue outlook to $4.300 billion–$4.400 billion and updated non‑GAAP operating‑income guidance to $125 million–$135 million, signaling confidence in continued demand for its data‑cloud platform and the acceleration of its hyperscaler business.
Charles Giancarlo, Chairman and CEO, said the company “delivered an outstanding fourth quarter, achieving our first billion‑dollar revenue quarter and capping off a strong fiscal year.” He added that the shift to a data‑cloud platform is driving higher‑margin subscription services. CFO Kevan Krysler noted that the first quarter of fiscal 2026 was a solid start, with strong revenue growth, and that the company remains focused on managing component‑cost inflation and potential shipment delays.
The results reinforce Everpure’s transition from a hardware‑centric vendor to a high‑margin data‑cloud platform, positioning the company to capture growing AI‑driven infrastructure demand while navigating supply‑chain headwinds.
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