Everpure Q2 Revenue Jumps 38%, FY27 Guidance Raised Sharply
P sits 82% above its 52-week low of $56.78.
Summary
Everpure reported Q2 FY27 revenue of $1.2 billion, up 38% year-over-year, and raised full-year revenue and operating profit guidance significantly. Product revenue grew 54% and subscription ARR reached $2.1 billion.
Key Events · Earnings and Guidance · P
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Q2 Revenue Up 38% to $1.2B
Total revenue reached $1.186 billion, up 38% year-over-year, with product revenue up 54% to $687 million and subscription services revenue up 20% to $499 million.
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FY27 Guidance Raised Significantly
Full-year revenue guidance increased to $5.03B–$5.07B from $4.41B–$4.51B, and non-GAAP operating income guidance raised to $940M–$960M from $820M–$860M.
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GAAP Profitability Achieved
Net income was $74.1 million for Q2, up from $47.1 million a year ago, with GAAP operating margin of 5.3% and non-GAAP operating margin of 19.4%.
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Negative Operating Cash Flow
Operating cash flow was $(136) million and free cash flow was $(238) million for Q2, driven by a $577 million increase in prepaid expenses and other assets.
Analysis · P · Technology
Everpure delivered its eighth straight quarter of accelerating revenue growth, with Q2 revenue up 38% year-over-year to $1.2 billion and product revenue up 54%. Management raised full-year FY27 revenue guidance by roughly $600 million at the midpoint and lifted non-GAAP operating income guidance by about $110 million, reflecting strong demand across hyperscale and AI workloads. The quarter also showed a return to GAAP profitability with net income of $74 million, though operating cash flow was negative $136 million due to a large increase in prepaid expenses and other assets. Against a backdrop of activist investor Jana Partners taking a new stake and a second top-five hyperscaler design win announced earlier this month, these results confirm accelerating momentum in the core business.
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At the time of this filing, P was trading at $103.29 on NYSE in the Technology sector, with a market capitalization of approximately $34.2B. The 52-week trading range was $56.78 to $119.10. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.