Everpure delivered a significant beat for its second quarter of fiscal 2027, driven by a 54% surge in product revenue and the addition of a second top-five hyperscale design win. Management notably raised full-year fiscal 2027 revenue guidance by over $500 million at the midpoint, reflecting robust demand for AI-driven storage and data management solutions.
Key Highlights
- Revenue of $1.19 billion exceeded the $1.10 billion estimate, representing 38% year-over-year growth.
- Non-GAAP diluted EPS reached $0.70, a 20% beat against the $0.58 consensus estimate.
- Raised full-year fiscal 2027 revenue guidance to a range of $5.03 billion to $5.07 billion, up from the prior $4.41 billion to $4.51 billion range.
- Remaining performance obligations (RPO) increased 44% year-over-year to $4.1 billion, signaling strong long-term visibility.
- Non-GAAP operating margin expanded to 19.4%, though free cash flow was negative $238 million due to strategic inventory positioning.