Everpure, Inc. offers cutting-edge data storage solutions and services, empowering clients to extract maximum value from their information. The firm is committed ...
Everpure, Inc. (formerly Pure Storage) is a global technology company specializing in data storage and management solutions. Founded in 2009 by John Colgrove and John Hayes, the company is headquartered in Santa Clara, California, and has grown to a workforce of approximately 6,400 employees. Everpure offers a comprehensive data platform ...Everpure, Inc. (formerly Pure Storage) is a global technology company specializing in data storage and management solutions. Founded in 2009 by John Colgrove and John Hayes, the company is headquartered in Santa Clara, California, and has grown to a workforce of approximately 6,400 employees. Everpure offers a comprehensive data platform that simplifies enterprise data storage, management, and AI integration. The platform includes Everpure Cloud, which unifies hybrid cloud environments with enterprise-grade data services, and the Everpure FlashArray and FlashBlade product lines known for high performance and reliability. The company's products are designed to reduce cost and risk while improving resilience and speed, catering to industries such as finance, healthcare, and technology. Financially, Everpure has a market capitalization of about $29.5 billion, with a price-to-earnings ratio of 130.7 and a price-to-sales ratio of 7.5. The company generates revenue primarily through hardware sales, software subscriptions, and support services. In 2026, Everpure rebranded from Pure Storage to Everpure to reflect its evolution towards AI-driven data management. Key leadership includes CEO and Chairman Charles H. Giancarlo, a veteran technology executive, and co-founder John Colgrove, who serves as Chief Visionary Officer. The company focuses on innovation, with significant investment in research and development, and is committed to sustainability by offering energy-efficient storage solutions. Everpure's forward-looking initiatives include delivering a unified data platform that enables organizations to harness the power of AI and gain actionable insights from their data.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$3.7B
+15.6%
+12.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$188.2M
+76.3%
+208.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+70.4%
+0.8%
-0.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+3.1%
+16.5%
+181.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+5.1%
+52.5%
+173.4%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$615.7M
+16.9%
-312.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+16.8%
+1.1%
-288.8%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
15.0%
-30.5%
-8.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.60x
-0.3%
-10.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, and welcome to the Everpure Second Quarter Fiscal 2027 Financial Results Conference Call. Today's conference is being recorded. [Operator Instructions] At this time, I'd like to turn the call over to Paul Ziots, Vice President of Investor Relations. Please go ahead.
Paul Ziots: Thank you. Good afternoon, everyone, and welcome to Everpure's second quarter fiscal year 2027 earnings conference call. On the call, we have Charlie Giancarlo, Chief Executive Officer; Tarek Robbiati, Chief Financial Officer; and Rob Lee, Chief Technology and Growth Officer. Following Charlie's and Tarek's prepared remarks, we will take questions. Our press release was issued after close of market and is posted on our website where this call is being simultaneously webcast. The slides that accompany this webcast can be downloaded at investor.everpuredata.com. On this call today, we will make forward-looking statements, which are subject to various risks and uncertainties. These include statements regarding our financial outlook and operations, our strategy, technology and its advantages, our current and new product offerings, our ability to procure a sufficient supply of components and manage our supply chain, our hyperscaler opportunity and competitive industry and economic trends. Any forward-looking statements that we make are based on facts and assumptions as of today, and we undertake no obligation to update them. Our actual results may differ materially from the results forecasted, and reported results should not be considered as an indication of future performance. A discussion of some of the risks and uncertainties related to our business is contained in our filings with the SEC, and we refer you to these public filings. During this call, all financial metrics and associated growth rates are non-GAAP measures other than revenue, remaining performance obligations, or RPO, and cash and investments. Reconciliations to the most directly comparable GAAP measures are provided in our earnings press release and slides. This call is being broadcast live on the Everpure Investor Relations website and is being recorded for playback purposes. An archive of the webcast will be available on the IR website and is the property of Everpure. Our third quarter fiscal 2027 quiet period begins at the close of business Friday, October 16, 2026. With that, I'll turn it over to Charlie.
Charles Giancarlo: Thank you, Paul. Good afternoon, everyone, and welcome to Everpure's Q2 fiscal 2027 earnings call. Q2 was another outstanding and remarkable quarter; we exceeded our guidance range and all key company metrics. Revenue growth of 38% year-over-year continued our 30-plus percent growth performance since Q4. Operating profit surged 77% to $230 million year-over-year. Growth was broad-based across all geographies, products and business segments. Strong sales momentum carried over from Q1 and continued to build throughout the quarter. Additionally, TCV for Evergreen//One …