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Total revenue growth of 38% year-over-year
Product revenue growth of 54% year-over-year
Significantly increased FY27 revenue and operating profit guidance
SANTA CLARA, Calif., Aug. 26, 2026 /PRNewswire/ -- Everpure (NYSE: P), the company revolutionizing storage and data management, today announced financial results for its second quarter fiscal year 2027 ended August 2, 2026.
"Q2 marks eight straight quarters of accelerating revenue growth for Everpure, and confirmed our position as the most innovative and vital company in our industry," said Charles Giancarlo, Chairman and CEO of Everpure. "Our expansion into Data Intelligence, and our increasing momentum in AI and hyperscale products, ensures we are well-positioned to capture enduring long-term growth."
Second Quarter Financial Highlights
- Revenue $1.2 billion, up 38% year-over-year
- Product revenue $687 million, up 54% year-over-year
- Subscription services revenue $499 million, up 20% year-over-year
- Subscription annual recurring revenue (ARR) $2.1 billion, up 20% year-over-year
- Remaining performance obligations (RPO) $4.1 billion, up 44% year-over-year
- GAAP gross margin 68.4%; non-GAAP gross margin 69.9%
- GAAP operating income $63 million; non-GAAP operating income $230 million
- GAAP operating margin 5.3%; non-GAAP operating margin 19.4%
- Operating cash flow $(136) million; free cash flow $(238) million
- Total cash, cash equivalents, and marketable securities $1.0 billion
- Returned approximately $69 million to stockholders through share repurchases of 0.9 million shares.
"Q2 was another outstanding quarter for Everpure, where we delivered record revenue and operating profit, exceeding the high-end of our guidance," said Everpure CFO Tarek Robbiati. "Demand remains strong across our solutions portfolio despite historic industry price increases in the first half of FY'27. We are raising guidance significantly for the second half of the year to reflect our confidence in continued revenue momentum."
Second Quarter Company Highlights
Second Top-Five Hyperscale Win
- Announced on August 10 a landmark design win with a second top-five hyperscaler, leveraging Everpure's advanced DirectFlash® architecture to drastically lower operational costs and reclaim vital power and rack space for hyperscale workloads.
Advancing Enterprise Data & AI Infrastructure
- Unveiled the Data Primacy architecture at //Accelerate 2026, Everpure Data Intelligence for automated data discovery and governance.
- Announced general availability of Everpure Data Stream to automate data pipelines from ingestion to inference and accelerate data preparation.
- Evolved Pure1 AI Copilot from a conversational assistant into an active operator that analyzes performance anomalies, provides step-by-step root-cause analysis, and guides teams to resolution.
Expanding Hybrid Cloud & Virtualization
- Introduced Portworx for Edge on Red Hat OpenShift and expanded Portworx by Everpure to bring native Kubernetes data management, including storage, data protection, and disaster recovery, directly into the Red Hat OpenShift console.
- Announced general availability of Everpure Cloud Azure Native for Azure Virtual Machines, extending the fully managed enterprise block storage service across public cloud environments.
Driving Strategic Ecosystem Partnerships
- Achieved general availability of Everpure FlashBlade integration into Cisco Intersight, delivering native onboarding, complete inventory visibility, and unified health dashboards.
- Announced the Everpure OpenSharing Connector, enabling Databricks to query Iceberg and Delta tables directly on Everpure object storage without data replication or egress fees.
Industry Recognition & Impact
- Named a Leader in the 2026 Gartner® Magic Quadrant™ for Enterprise Storage Platforms, positioned highest in execution and furthest in vision for the second consecutive year.
- Named to the PEOPLE® Companies That Care by Great Place to Work® and PEOPLE® magazine.
- Named Virtualization Transformation Partner of the Year in the 2026 Red Hat Ecosystem Innovation Awards and recognized as a Leader in The Forrester Wave™: Object Storage Solutions, Q2 2026.
- CEO Charles Giancarlo was recognized on CRN's The 25 Most Influential Executives Of 2026 list.
Third Quarter and FY27 Guidance
Q3FY27 | |
Revenue | $1.325B to $1.335B |
Revenue YoY Growth Rate | 37% to 38% |
Non-GAAP Operating Income | $265M to $275M |
Non-GAAP Operating Income YoY Growth Rate | 35% to 40% |
FY27 | ||
Prior Guidance | New Guidance | |
Revenue | $4.41B to $4.51B | $5.03B to $5.07B |
Revenue YoY Growth Rate | 20% to 23% | 37% to 38% |
Non-GAAP Operating Income | $820M to $860M | $940M to $960M |
Non-GAAP Operating Income YoY Growth Rate | 29% to 36% | 48% to 51% |
These statements are forward-looking and actual results may differ materially. Refer to the Forward Looking Statements section below for information on the factors that could cause our actual results to differ materially from these statements. Everpure has not reconciled its guidance for non-GAAP operating income and related year-over-year growth rate to their most directly comparable GAAP measures because certain items that impact these measures are not within Everpure's control and/or cannot be reasonably predicted. Accordingly, reconciliations of these non-GAAP financial measures guidance to the corresponding GAAP measures are not available without unreasonable effort.
Conference Call Information
Everpure will host a teleconference to discuss the second quarter fiscal 2027 results at 2:00 pm PT today, August 26, 2026. A live audio broadcast of the conference call will be available on the Everpure Investor Relations website. Everpure will also post its earnings presentation and prepared remarks to this website concurrent with this release.
A replay will be available following the call on the Everpure Investor Relations website or for two weeks at 1-800-770-2030 (or 1-647-362-9199 for international callers) with passcode 5667482.
Additionally, Everpure is scheduled to participate at the following investor conferences:
Save the Date: Everpure Financial Analyst Meeting
Please save the date for Everpure's Financial Analyst Meeting on Wednesday, September 23, 2026. Members of the executive leadership team will provide an update on the company's long-term strategy, path to growth, and long-term financial framework.
A live webcast and presentation materials will be available on the company's Investor Relations website. Additional event details, including registration information, will be provided closer to the event.
About Everpure
Everpure (NYSE: P) allows organizations to take control of their data with an industry-leading, ever-evolving storage and data management platform. We help companies unleash the power of their data by ensuring it is secure, accessible, intelligent, and ready to perform in the AI era. We make data management effortless while simultaneously scaling performance and significantly reducing energy consumption. With one of the highest Net Promoter Scores for over a decade, Everpure is the choice of the world's most innovative organizations. For more information, visit www.everpuredata.com.
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Everpure, the Everpure P Logo, Portworx, Pure Storage and the marks in the Everpure Trademark List are trademarks or registered trademarks of Everpure, Inc. or its licensed subsidiaries in the U.S. and/or other countries. The Trademark List can be found at Everpuredata.com/trademarks. Other names may be trademarks of their respective owners.
Investors and others should note that we announce material business and financial information through our investor relations website at www.investors.everpuredata.com, SEC filings, public conference calls and webcasts, and press releases, including earnings press releases. We also announce business and financial information through our newsroom website (https://www.everpuredata.com/company/newsroom.html), blog (http://blog.everpuredata.com), LinkedIn (linkedin.com/company/everpure-data), X (x.com/EverpureData), Facebook (@purestorage), Instagram (@purestorage) and YouTube (@everpure-data). It is possible that the information we post on these channels could be deemed to be material information. Therefore, we encourage investors to follow these channels, in addition to our SEC filings, public conference calls and webcasts, and press releases.
Forward Looking Statements
This press release contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our future period financial and business results, our ability to manage potential disruptions to our supply chain, our ability to procure a sufficient supply of flash and other components, the impact of recent increases in component costs, the anticipated effects of our recent acquisition of 1touch, our opportunity relating to hyperscale and AI environments, our ability to meet hyperscalers' performance, price and other requirements, our ability to expand with our current hyperscale customers and land new hyperscale customers, our ability to meet the needs of hyperscalers for the entire spectrum of their online storage use cases, the timing and magnitude of large orders, including sales to hyperscalers and large enterprises, the timing and amount of hyperscale customer revenue, demand for our products and subscription services, including Evergreen//One, our sales pipeline, the relative sales mix between our subscription and consumption offerings and traditional capital expenditure sales, our technology and product strategy, specifically ongoing development and customer adoption of new products and the Enterprise Data Cloud architecture (including Pure Fusion™), priorities around sustainability and energy saving benefits to our customers of using our products, our ability to expand market share, the impact of inflation, currency fluctuations, tariffs, or other adverse economic conditions, our expectations regarding our product and technology differentiation, new investments and partnerships, and other statements regarding our products, business, operations and results. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements.
Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, which are available on our Investor Relations website at investor.everpuredata.com and on the SEC website at www.sec.gov. Additional information is also set forth in our Annual Report on Form 10-K for the fiscal year ended February 1, 2026. All information provided in this release and in the attachments is as of August 26, 2026, and Everpure undertakes no duty to update this information unless required by law.
Key Performance Metrics
Subscription ARR is a key business metric that refers to the annualized recurring contract value of all active, non-cancelable customer subscription agreements with subscription terms of any length at the end of the quarter, plus on-demand billings for the quarter multiplied by four.
Total Contract Value (TCV) Sales, or bookings, of Everpure's Evergreen//One and similar consumption- and subscription-based offerings is an operating metric, representing the value of orders received during the period.
Non-GAAP Financial Measures
To supplement our unaudited condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, Everpure uses the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income, non-GAAP net income per share, and free cash flow.
We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses such as stock-based compensation expense, payroll tax expense related to stock-based activities, amortization of debt issuance costs related to debt, amortization of acquired intangible assets and gains from mark-to-market adjustments on strategic investments that may not be indicative of our ongoing core business operating results. Everpure believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.
For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by (used in) operating activities to free cash flow," included at the end of this release.
EVERPURE, INC. Condensed Consolidated Balance Sheets (in thousands, unaudited)
| ||||
At the End of | ||||
Second Quarter of | Fiscal 2026 | |||
Assets | ||||
Current assets: | ||||
Cash and cash equivalents | $ 385,694 | $ 854,873 | ||
Marketable securities | 622,197 | 692,446 | ||
Accounts receivable, net of allowance of $204 and $203 | 1,027,665 | 944,844 | ||
Inventory | 106,300 | 75,935 | ||
Deferred commissions, current | 150,472 | 139,379 | ||
Prepaid expenses and other current assets | 1,025,645 | 356,015 | ||
Total current assets | 3,317,973 | 3,063,492 | ||
Property and equipment, net | 687,950 | 587,022 | ||
Operating lease right-of-use-assets | 196,341 | 185,975 | ||
Deferred commissions, non-current | 296,422 | 280,190 | ||
Intangible assets, net | 23,338 | 7,346 | ||
Goodwill | 466,313 | 365,075 | ||
Restricted cash | 8,214 | 7,687 | ||
Other assets, non-current | 223,858 | 177,472 | ||
Total assets | $ 5,220,409 | $ 4,674,259 | ||
Liabilities and Stockholders' Equity | ||||
Current liabilities: | ||||
Accounts payable | $ 329,848 | $ 153,312 | ||
Accrued compensation and benefits | 300,060 | 347,205 | ||
Accrued expenses and other liabilities | 192,577 | 184,338 | ||
Operating lease liabilities, current | 50,273 | 44,080 | ||
Deferred revenue, current | 1,323,750 | 1,181,055 | ||
Total current liabilities | 2,196,508 | 1,909,990 | ||
Operating lease liabilities, non-current | 175,034 | 172,063 | ||
Deferred revenue, non-current | 1,197,521 | 1,046,442 | ||
Other liabilities, non-current | 110,508 | 100,096 | ||
Total liabilities | 3,679,571 | 3,228,591 | ||
Stockholders' equity: | ||||
Common stock and additional paid-in capital | 2,627,994 | 2,624,790 | ||
Accumulated other comprehensive income (loss) | (4,552) | 1,709 | ||
Accumulated deficit | (1,082,604) | (1,180,831) | ||
Total stockholders' equity | 1,540,838 | 1,445,668 | ||
Total liabilities and stockholders' equity | $ 5,220,409 | $ 4,674,259 | ||
EVERPURE, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data, unaudited)
| |||||||
Second Quarter of Fiscal | First Two Quarters of Fiscal | ||||||
2027 | 2026 | 2027 | 2026 | ||||
Revenue: | |||||||
Product | $ 686,773 | $ 446,303 | $ 1,263,317 | $ 818,447 | |||
Subscription services | 499,125 | 414,699 | 975,477 | 821,040 | |||
Total revenue | 1,185,898 | 861,002 | 2,238,794 | 1,639,487 | |||
Cost of revenue: | |||||||
Product (1) | 238,223 | 150,296 | 442,767 | 291,346 | |||
Subscription services (1) | 136,287 | 106,370 | 261,307 | 207,652 | |||
Total cost of revenue | 374,510 | 256,666 | 704,074 | 498,998 | |||
Gross profit | 811,388 | 604,336 | 1,534,720 | 1,140,489 | |||
Operating expenses: | |||||||
Research and development (1) | 293,749 | 242,026 | 552,841 | 463,766 | |||
Sales and marketing (1) | 346,077 | 285,890 | 693,933 | 564,402 | |||
General and administrative (1) | 108,407 | 71,549 | 204,852 | 138,621 | |||
Total operating expenses | 748,233 | 599,465 | 1,451,626 | 1,166,789 | |||
Income (loss) from operations | 63,155 | 4,871 | 83,094 | (26,300) | |||
Other income (expense), net | 9,006 | 45,700 | 22,937 | 77,355 | |||
Income before provision (benefit) for income taxes | 72,161 | 50,571 | 106,031 | 51,055 | |||
Income tax provision (benefit) | (1,988) | 3,453 | 7,804 | 17,932 | |||
Net income | $ 74,149 | $ 47,118 | $ 98,227 | $ 33,123 | |||
Net income per share attributable to common stockholders, basic | $ 0.22 | $ 0.14 | $ 0.30 | $ 0.10 | |||
Net income per share attributable to common stockholders, diluted | $ 0.21 | $ 0.14 | $ 0.28 | $ 0.10 | |||
Weighted-average shares used in computing net income per share attributable to common stockholders, basic | 332,942 | 327,594 | 332,047 | 327,066 | |||
Weighted-average shares used in computing net income per share | 345,587 | 337,734 | 344,811 | 337,306 | |||
(1) Includes stock-based compensation expense as follows: | |||||||
Cost of revenue -- product | $ 5,336 | $ 4,149 | $ 9,468 | $ 7,415 | |||
Cost of revenue -- subscription services | 10,287 | 8,559 | 18,442 | 15,721 | |||
Research and development | 80,010 | 60,354 | 140,341 | 109,596 | |||
Sales and marketing | 33,461 | 26,527 | 62,624 | 48,611 | |||
General and administrative | 30,721 | 17,804 | 51,004 | 32,325 | |||
Total stock-based compensation expense | $ 159,815 | $ 117,393 | $ 281,879 | $ 213,668 | |||
EVERPURE, INC. Condensed Consolidated Statements of Cash Flows (in thousands, unaudited) | |||||||
Second Quarter of Fiscal | First Two Quarters of Fiscal | ||||||
2027 | 2026 | 2027 | 2026 | ||||
Cash flows from operating activities | |||||||
Net income | $ 74,149 | $ 47,118 | $ 98,227 | $ 33,123 | |||
Adjustments to reconcile net income to cash provided by operating activities: | |||||||
Depreciation and amortization | 41,579 | 35,927 | 81,777 | 69,697 | |||
Stock-based compensation expense | 159,815 | 117,393 | 281,879 | 213,668 | |||
Unrealized gain on strategic investment | — | (27,966) | — | (30,401) | |||
Other | (32) | 3,887 | 4,349 | 7,027 | |||
Changes in operating assets and liabilities, net of effects of acquisition: | |||||||
Accounts receivable, net | (137,350) | (119,161) | (79,318) | 150,381 | |||
Inventory | (33,795) | (14,937) | (36,563) | (12,268) | |||
Deferred commissions | (14,645) | (7,738) | (27,325) | (11,395) | |||
Prepaid expenses and other assets | (577,229) | (13,961) | (694,305) | (33,401) | |||
Operating lease right-of-use assets | 11,007 | 11,561 | 21,581 | 19,958 | |||
Accounts payable | 140,337 | 23,845 | 156,591 | (3,146) | |||
Accrued compensation and other liabilities | 68,528 | 84,945 | (33,541) | 602 | |||
Operating lease liabilities | (11,999) | (12,275) | (22,683) | (23,513) | |||
Deferred revenue | 143,287 | 83,519 | 293,147 | 115,761 | |||
Net cash provided by (used in) operating activities | (136,348) | 212,157 | 43,816 | 496,093 | |||
Cash flows from investing activities | |||||||
Purchases of property and equipment (1) | (101,254) | (62,027) | (169,668) | (134,373) | |||
Purchase of strategic investment | (1,000) | — | (1,000) | — | |||
Acquisition | (125,308) | — | (125,308) | — | |||
Purchases of marketable securities and other | (154,538) | (141,232) | (267,490) | (256,128) | |||
Sales of marketable securities | 124,321 | 252,780 | 193,481 | 270,987 | |||
Maturities of marketable securities | 72,736 | 80,254 | 139,448 | 137,507 | |||
Net cash provided by (used in) investing activities | (185,043) | 129,775 | (230,537) | 17,993 | |||
Cash flows from financing activities | |||||||
Proceeds from exercise of stock options | 8,523 | 8,099 | 15,169 | 13,458 | |||
Proceeds from issuance of common stock under employee stock purchase plan | — | — | 30,001 | 27,240 | |||
Payments of financing costs for revolving credit facility | — | (2,080) | — | (2,080) | |||
Principal payments on borrowings and finance lease obligations | — | (100,000) | (612) | (101,125) | |||
Tax withholding on vesting of equity awards | (70,376) | (56,161) | (173,296) | (117,461) | |||
Repurchases of common stock | (68,981) | (42,242) | (153,084) | (162,178) | |||
Net cash used in financing activities | (130,834) | (192,384) | (281,822) | (342,146) | |||
Net increase (decrease) in cash, cash equivalents and restricted cash | (452,225) | 149,548 | (468,543) | 171,940 | |||
Cash, cash equivalents and restricted cash, beginning of period | 848,661 | 760,142 | 864,979 | 737,750 | |||
Cash, cash equivalents and restricted cash, end of period | $ 396,436 | $ 909,690 | $ 396,436 | $ 909,690 | |||
(1) Includes capitalized internal-use software costs of $12.5 million and $8.7 million for the second quarter of fiscal 2027 and 2026 and $22.8 million and $15.6 million for the first two quarters of fiscal 2027 and 2026. |
Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures
The following table presents non-GAAP gross margins by revenue source before certain items (in thousands except percentages, unaudited):
| ||||||||||||||||||||||||
Second Quarter of Fiscal 2027 | Second Quarter of Fiscal 2026 | |||||||||||||||||||||||
GAAP results | GAAP gross margin (a) | Adjustment | Non- GAAP results | Non- GAAP gross margin (b) | GAAP results | GAAP gross margin (a) | Adjustment | Non- GAAP results | Non- GAAP gross margin (b) | |||||||||||||||
$ 5,336 | (c) | $ 4,149 | (c) | |||||||||||||||||||||
188 | (d) | 127 | (d) | |||||||||||||||||||||
246 | (e) | 3,306 | (e) | |||||||||||||||||||||
Gross profit -- | $ 448,550 | 65.3 % | $ 5,770 | $ 454,320 | 66.2 % | $ 296,007 | 66.3 % | $ 7,582 | $ 303,589 | 68.0 % | ||||||||||||||
$ 10,287 | (c) | $ 8,559 | (c) | |||||||||||||||||||||
517 | (d) | 466 | (d) | |||||||||||||||||||||
435 | (e) | — | ||||||||||||||||||||||
Gross profit -- | $ 362,838 | 72.7 % | $ 11,239 | $ 374,077 | 74.9 % | $ 308,329 | 74.4 % | $ 9,025 | $ 317,354 | 76.5 % | ||||||||||||||
$ 15,623 | (c) | $ 12,708 | (c) | |||||||||||||||||||||
705 | (d) | 593 | (d) | |||||||||||||||||||||
681 | (e) | 3,306 | (e) | |||||||||||||||||||||
Total gross | $ 811,388 | 68.4 % | $ 17,009 | $ 828,397 | 69.9 % | $ 604,336 | 70.2 % | $ 16,607 | $ 620,943 | 72.1 % | ||||||||||||||
(a) GAAP gross margin is defined as GAAP gross profit divided by revenue. |
(b) Non-GAAP gross margin is defined as non-GAAP gross profit divided by revenue. |
(c) To eliminate stock-based compensation expense. |
(d) To eliminate payroll tax expense related to stock-based activities. |
(e) To eliminate amortization expense of acquired intangible assets. |
The following table presents certain non-GAAP consolidated results before certain items (in thousands, except per share amounts and percentages, unaudited):
| ||||||||||||||||||||||
Second Quarter of Fiscal 2027 | Second Quarter of Fiscal 2026 | |||||||||||||||||||||
GAAP results | GAAP operating margin (a) | Adjustment | Non- GAAP results | Non- GAAP operating margin (b) | GAAP results | GAAP operating margin (a) | Adjustment | Non- GAAP results | Non- GAAP operating margin (b) | |||||||||||||
$ 159,815 | (c) | $ 117,393 | (c) | |||||||||||||||||||
5,400 | (d) | 4,164 | (d) | |||||||||||||||||||
1,261 | (e) | 3,536 | (e) | |||||||||||||||||||
Operating | $ 63,155 | 5.3 % | $ 166,476 | $ 229,631 | 19.4 % | $ 4,871 | 0.6 % | $ 125,093 | $ 129,964 | 15.1 % | ||||||||||||
$ 159,815 | (c) | $ 117,393 | (c) | |||||||||||||||||||
5,400 | (d) | 4,164 | (d) | |||||||||||||||||||
1,261 | (e) | 3,536 | (e) | |||||||||||||||||||
105 | (f) | 230 | (f) | |||||||||||||||||||
— | (27,966) | (g) | ||||||||||||||||||||
Net income | $ 74,149 | $ 166,581 | $ 240,730 | $ 47,118 | $ 97,357 | $ 144,475 | ||||||||||||||||
Net income per | $ 0.21 | $ 0.70 | $ 0.14 | $ 0.43 | ||||||||||||||||||
Weighted- | 345,587 | — | 345,587 | 337,734 | — | 337,734 | ||||||||||||||||
(a) GAAP operating margin is defined as GAAP operating income divided by revenue. |
(b) Non-GAAP operating margin is defined as non-GAAP operating income divided by revenue. |
(c) To eliminate stock-based compensation expense. |
(d) To eliminate payroll tax expense related to stock-based activities. |
(e) To eliminate amortization expense of acquired intangible assets. |
(f) To eliminate amortization expense of debt issuance costs related to our debt. |
(g) To eliminate unrealized gain from mark-to-market adjustment on strategic investment. |
Reconciliation from net cash provided by (used in) operating activities to free cash flow (in thousands except percentages, unaudited):
| |||
Second Quarter of Fiscal | |||
2027 | 2026 | ||
Net cash provided by (used in) operating activities | $ (136,348) | $ 212,157 | |
Less: purchases of property and equipment (1) | (101,254) | (62,027) | |
Free cash flow (non-GAAP) | $ (237,602) | $ 150,130 | |
(1) Includes capitalized internal-use software costs of $12.5 million and $8.7 million for the second quarter of fiscal 2027 and 2026. |
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SOURCE Everpure
In the news release, Everpure Named A Leader in the 2026 Gartner® Magic Quadrant™ for Enterprise Storage Platforms, issued Aug. 21, 2026 by Everpure over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows, with additional details at the end:
Everpure Named A Leader in the 2026 Gartner® Magic Quadrant™ for Enterprise Storage Platforms
Recognized Highest in Execution and Furthest in Vision for Second Consecutive Year
SANTA CLARA, Calif., Aug. 21, 2026 /PRNewswire/ -- Everpure (NYSE: P), the company revolutionizing storage and data management, today announced it has been recognized as a Leader in the 2026 Gartner® Magic Quadrant™ for Enterprise Storage Platforms. For the second consecutive year, Everpure was positioned highest in execution and furthest in vision; this two-time recognition follows 11 times Everpure has been named a Leader in other Gartner Magic Quadrant reports1.
As enterprises continue to invest heavily in AI models, applications, and compute, many discover that the true barrier scaling AI is fragmented data. To deploy AI successfully, organizations must shift to a Data Primacy architecture—where trusted, governed, and contextualized data, rather than proprietary application-centric data stores, serves as the foundation for agentic workflow. By unifying policy and governance, semantics and context directly with operational data, Everpure transforms enterprise data into an intelligent, trusted, real-time asset.
"Data Primacy will be the future of IT architectures in the AI era, and we believe the Gartner recognition validates Everpure's innovation to make enterprise data truly AI-ready," said Everpure CEO Charles Giancarlo. "To scale AI, organizations need an IT architecture where trusted, governed, contextualized data powers every application and AI agent across the enterprise; this is precisely what we enable with the Everpure Platform and Everpure Data Intelligence."
Data Management Platform for the AI Era
Gartner defines enterprise storage platforms (ESPs) as the market consisting of products and services designed to unify support for diverse block, file and object storage workloads and use cases. ESP products and services include appliances, software-defined storage (SDS) and storage as a service (STaaS). An ESP includes data management and data storage services provided through a centrally managed, multidomain control plane. They enable organizations to leverage AI-powered telemetry for platform structured and unstructured workloads2.
Everpure believes its positioning validates a broader industry shift toward this model. Everpure's Data Primacy approach reframes data management for the AI era—reducing operational friction and helping enterprises manage information as a trusted asset across hybrid environments through a global data plane and intelligent control plane.
Platform Innovations Built for the AI Era
Recent updates to the Everpure Platform enable organizations to modernize infrastructure, automate management, and prepare enterprise data for AI workloads:
- Everpure Data Intelligence™: Makes fragmented data usable for AI by discovering, classifying, contextualizing, and governing data at the source across Everpure, cloud, SaaS, and third-party environments.
- Enterprise Data Cloud Enhancements: Unifies data, policy, and semantics across hybrid estates to streamline operations and enforce consistent governance.
- AI Data Stream: Automates data discovery, preparation, and delivery pipelines, making real-time information immediately accessible to AI applications.
- Cyber Resilience Innovations: Strengthens protection and speeds recovery from cyber threats to ensure continuous business resilience.
Customer Validation
We believe the Gartner recognition is supported by customer feedback on Gartner Peer Insights™. As of August 7, 2026, Everpure has an Overall Rating of 4.9 out of 5 stars in the Enterprise Storage Platforms market, with 89% of reviewers willing to recommend the platform, based on 202 reviews.
- "Easy-to-use Interface Stands out, Support Rated Highly. The intuitive GUI, performance of the Array and support provided by PURE is 5" - Technical Lead Infrastructure, Finance
- "Truly been a game changer for my company. FlashArray has enabled my company to do more than we thought possible, help streamline our operations and minimize our infrastructure spend due to array efficiencies and feature functionality. We have had a 100% uptime on all of our arrays and no data availability issues." - IT Reviewer, IT Services Industry
- "If you need strong performance and support, Pure is the answer to your storage questions. Pure is not the cheapest, but the performance and the support (pre and post sales) has been world-class. - IT Manager, Manufacturing
- "Consistent high performance with seamless VMware integration and reliable replication." - Enterprise Storage Reviewer
- "A game-changer for our infrastructure's performance. We noticed a significant improvement in the loading speed of databases and modern applications, allowing us to consolidate workloads effectively." - IT Specialist, Enterprise Infrastructure
To learn more, access the full 2026 Gartner Magic Quadrant for Enterprise Storage Platforms report on Everpure's website.
About Gartner Magic Quadrant
Magic Quadrant™ reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables organizations to get the most from market analysis in alignment with their unique business and technology needs.
To learn more, access the full 2026 Gartner Magic Quadrant for Enterprise Storage Platforms report on Everpure's website.
Disclaimer:
Gartner and Magic Quadrant are trademarks of Gartner, Inc. and/or its affiliates. Peer Insights is a registered trademark of Gartner, Inc. and/or its affiliates.
Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner's business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.
About Gartner Peer Insights
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About Everpure
Everpure (NYSE: P) allows organizations to take control of their data with an industry-leading, ever-evolving storage and data management platform. We help companies unleash the power of their data by ensuring it is accessible, intelligent, and ready to perform in the AI era. We make data management effortless while simultaneously scaling performance and significantly reducing energy consumption. With one of the highest Net Promoter Scores for over a decade, Everpure is the choice of the world's most innovative organizations. For more information, visit www.everpuredata.com.
The release timing of any discussed functionality remains at Everpure's sole discretion. The information provided is not a commitment to deliver discussed functionality based on any timeline.
Everpure, the Everpure P Logo, Pure Storage, Everpure Data Intelligence and the marks in the Everpure Trademark List are trademarks or registered trademarks of Everpure, Inc. or its licensed subsidiaries in the U.S. and/or other countries. The Trademark List can be found at everpuredata.com/trademarks. Other names may be trademarks of their respective owners.
The fine print
1 This includes five years as a Leader in the Gartner Magic Quadrant for Solid-State Arrays; six years as a Leader in the Gartner Magic Quadrant for Primary Storage; and now two years as a Leader in the Gartner Magic Quadrant for Enterprise Storage Platforms
2Gartner, Magic Quadrant for Enterprise Storage Platforms, Jeff Vogel, Joseph Unsworth, Julia Palmer, Chandra Mukhyala, 19 August 2026
Correction: A change was made to the last sentence in the first paragraph.
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