Everpure forecasts FY28 revenue of $7.0B-$7.3B as four growth vectors expand

  • Everpure outlined four growth vectors, reaffirmed fiscal 2027 guidance and issued a preliminary fiscal 2028 outlook.
  • FY28 revenue is projected at $7.0 billion to $7.3 billion, while non-GAAP operating income is forecast at $1.7 billion to $1.9 billion.
  • The newer growth vectors are expected to provide about 20% of fiscal 2030 revenue, and shares rose 14% to $125.65 Thursday.

Everpure (NYSE: P), previously operating as Pure Storage, outlined four strategic growth vectors at its 2026 Financial Analyst Meeting, reaffirmed fiscal 2027 guidance and issued a preliminary fiscal 2028 outlook. The company forecasts fiscal 2028 revenue of $7.0 billion to $7.3 billion, representing 39% to 45% growth, and non-GAAP operating income of $1.7 billion to $1.9 billion, up 80% to 100%. Its fiscal 2027 outlook remains revenue of $5.03 billion to $5.07 billion, or 37% to 38% growth, and non-GAAP operating income of $940 million to $960 million, up 48% to 51%. The fiscal 2028 revenue range exceeds the roughly $6.5 billion FactSet consensus. Core and Core AI, Modern Data Software, Scale AI and Hyperscale Solutions form the strategy, with the three newer vectors expected to contribute about 20% of total revenue by fiscal 2030. Shares rose 14% to $125.65 during Thursday's session as broader U.S. stocks fell, after earlier premarket trading references placed the stock near $117.29-$117.40.

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