Everpure Q2 Revenue Beats by $100M, Raises FY27 Guidance on AI and Hyperscale Demand
P sits 82% above its 52-week low of $56.78.
Summary
Everpure delivered a strong Q2 beat: revenue of $1.2B (up 38% YoY) versus consensus of $1.10B, and adjusted EPS of $0.70 versus $0.58 expected. The company raised full-year FY27 revenue guidance to $5.03B-$5.07B from $4.41B-$4.51B, and now expects non-GAAP operating income of $940M-$960M, up 48-51% YoY. Product revenue surged 54% YoY, driven by AI, data intelligence, and hyperscale offerings, including a landmark design win with a second top-five hyperscaler. This follows the Q1 beat and the recent activist stake from Jana Partners, reinforcing the growth narrative. The stock trades at 37x forward earnings, above the median price target of $98.50, so valuation is stretched but momentum is strong. Watch for Q3 revenue of $1.325B-$1.335B and continued hyperscale customer expansion.
At the time of this announcement, 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 news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.