Everpure stock surges 18% on announcement
Everpure the storage and data management company that rebranded from Pure Storage earlier this year, saw its stock jump 18% on Thursday after outlining an ambitious growth strategy and preliminary fiscal 2028 financial outlook at its 2026 Financial Analyst Meeting, according to the company’s official press release and multiple market reports.
The company reaffirmed its fiscal 2027 guidance of $5.03 billion to $5.07 billion in revenue and $940 million to $960 million in non-GAAP operating income, both previously issued on its second-quarter earnings call. But it was the newly introduced fiscal 2028 preliminary outlook that drove the rally: Everpure projected revenue of $7.0 billion to $7.3 billion, representing 39% to 45% year-over-year growth, alongside non-GAAP operating income of $1.7 billion to $1.9 billion, implying growth of 80% to 100%, according to Investing.com’s coverage of the announcement.
A strategy built around four growth pillars
Everpure said its long-term strategy now centers on four areas: Core and Core AI, which includes its established FlashBlade and FlashArray product lines; Modern Data Software; Scale AI solutions aimed at neoclouds; and Hyperscale Solutions built around its DirectFlash technology, according to reporting from Benzinga. The company said the three newer growth areas (beyond its traditional storage business) are expected to account for roughly 20% of total revenue by fiscal 2030.
Chairman and CEO Charlie Giancarlo framed the moment as pivotal for the company, saying Everpure is “at an inflection point as we expand our horizons to managing data in the enterprise,”. He added that a decade of investment in the company’s core architecture has created a structurally higher growth baseline, and that the same underlying technology has unlocked three additional markets that expand the company’s opportunity and improve long-term financial visibility.
Momentum building ahead of the annoucement
The guidance reset capped a strong month for Everpure; The company was added to the S&P 500 effective September 21, 2026, replacing The Trade Desk as part of the index’s quarterly rebalance, a move that brought mandatory passive-fund buying and increased the stock’s sensitivity to positive news, according to Investing.com. Everpure had also drawn bullish analyst attention a week earlier when Needham analyst Matthew Calitri assumed coverage with a Buy rating and a $140 price target, citing robust customer demand and rising storage needs even after price increases.
Why it matters for the data center sector
Everpure’s pivot underscores a broader trend across the AI infrastructure stack: storage vendors are increasingly positioning themselves as essential partners to hyperscalers and neoclouds building out massive AI training and inference capacity, not just enterprise IT departments. With DirectFlash aimed specifically at helping hyperscalers achieve greater storage performance with less power and space – a critical constraint as data centers scale – Everpure’s guidance suggests storage infrastructure is emerging as a meaningful growth vector within the broader AI data center capital expenditure cycle, alongside compute, networking and cooling.
