Everpure, Inc. (P): Results of Operations and Financial Condition

Everpure (NYSE: P) reported Q2 CY2026 revenue of $1.19B, up 37.7% YoY, exceeding expectations. Guidance for Q3 is $1.33B, 16.8% above estimates. Non-GAAP EPS of $0.70 beat consensus by 21%. The company highlights growth in Data Intelligence and AI products.

Everpure reported Q2 FY2027 revenue of $1.2B, up 38% YoY, with product revenue growing 54%. The company raised full-year guidance, citing strong demand. Key wins include a top-five hyperscaler deal and new AI and cloud offerings. Everpure returned $69M to shareholders via buybacks.

Everpure (NYSE:P) shares rose 9.7% after Susquehanna upgraded the stock to Positive from Neutral and lifted its price target to $120 from $85. Susquehanna cited rising demand for high-capacity flash storage for large cloud and AI customers, including 75TB-plus QLC DirectFlash modules used in Pure systems.

Everpure Inc. (NYSE: P) shares rose about 11.35% on Aug. 11, after gaining more than 50% from roughly $69 on July 17 to a $109.38 close. The move followed a Morgan Stanley upgrade to overweight on Aug. 10, citing storage exposure, market share gains, and valuation leverage tied to AI-driven demand.

Everpure Inc. shares rose about 9.26% after Morgan Stanley upgraded the stock to overweight, citing attractive AI storage exposure, market share gains, and valuation upside. The article notes revenue around $1.05B, gross margin above 70%, net income about $24M, and cash and short-term investments over $1.5B.

Plug Power (NASDAQ:PLUG) rose about 13.7% premarket after Q2 results beat estimates and management raised FY2026 revenue growth guidance to 15% to 16%. Everpure (NYSE:P) gained about 7.5% after announcing a design win and supply agreement with a second top-five hyperscaler. Investors will watch Plug’s liquidity monetization and margin progress, and Everpure’s next earnings.