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Everpure's head-turning fiscal 2028 guidance Financial analysts were told Everpure is at an inflexion point with three growth drivers and accelerated growth leading to a stunning fiscal 2028 revenue projection. CTO Rob Lee said the core all-flash array business, incuding an AI component, is growing steadily. But there are three new growth markets which do not overlap; - Modern data software ( Portworx for Kubernetes data management, Pure Protect for backup and cyber recovery, Everpure Cloud for hybrid- and multi-cloud data mobility, Data Intelligence from 1Touch, and Data Stream), which organizes, governs, and makes data accessible for AI, not just storing it, - Scale AI providing GPU-attached storage for exabyte-scale AI workloads at Neoclouds and larger enterprises, - Hyperscale solutions licensing DirectFlash Module intellectual property to the largest hyperscalers (with 2 design wins already and limited competitive options). Everpure reported fiscal 2026 revenues of $3.66 billion, up 16 percent YoY. After reporting a terrific fiscal Q2 fy 2027, it’s guiding fiscal 2027 revenues to be $5.05 billion ± $20 million; up $500 million on its initial fy2027 guidance 3 months prior, and a 38 percent jump on fiscal 2026. Now it has pushed the forecasting boat out further, telling the analysts it expects fiscal 2028 revenues to be $7.15 billion ± $150 million, representing a 41.6 percent uplift on fiscal 2027. That’s because, it says, its four growth drivers come together ad operate in concert. An Everpure annual revenue history chart with the estimated fy 2027 and 2028 mid-point numbers shows this accelerated growth clearly; CEO Charles Giancarlo and CFO Tarek Robbiati have put themselves out in the open for analyst and investor ire if the company fails to meet these targets, and are setting themselves up as heroes if it does reach them. William Blair analyst Jason Ader said this was “head-turning guidance” with Everpure’s execs providing “a meaningful reset of the company's long-term growth narrative and financial profile.” He pointed out Everpure execs “highlighted 8 consecutive quarters of accelerating revenue growth and 12 consecutive years of enterprise storage share gains, arguing that the current acceleration reflects structural improvements in the business rather than cyclical tailwinds.” Everpure “management believes Everpure’s future growth profile will increasingly be driven by multiple independent growth vectors, not enterprise storage share gains alone. Notably, management repeatedly characterized the company's current position as an “inflection point,” emphasizing that the acceleration is “durable” and “not a spike.” He reckons the three new growth vectors (markets) roughly double Everpure’s TAM and together are expected to reach 20 percent of total revenue by fiscal 2030.
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