Everpure Unveils FY28 Outlook: Revenue to Hit $7B+, Operating Income to Nearly Double
P has more than doubled off its 52-week low of $56.78.
Summary
Everpure provided a preliminary FY28 outlook at its analyst day, projecting revenue of $7.0B-$7.3B (39-45% growth) and non-GAAP operating income of $1.7B-$1.9B (80-100% growth). The company also reaffirmed FY27 guidance of revenue $5.03B-$5.08B and outlined four growth vectors, with new markets expected to contribute ~20% of revenue by FY2030. This follows strong Q2 results and a second hyperscaler design win, reinforcing the expansion narrative. The FY28 operating income guidance implies significant margin expansion, well above the Rule of 40. Investors will focus on execution against these targets, particularly hyperscale revenue ramp and operating leverage.
At the time of this announcement, P was trading at $117.00 on NYSE in the Technology sector, with a market capitalization of approximately $36.5B. 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 8 out of 10. Source: PR Newswire.