Data storage solutions provider Everpure (NYSE:P) reported Q1 CY2026 results topping the market’s revenue expectations , with sales up 35.2% year on year to $1.05 billion. On top of that, next quarter’s revenue guidance ($1.1 billion at the midpoint) was surprisingly good and 5% above what analysts were expecting. Its non-GAAP profit of $0.47 per share was 18.9% above analysts’ consensus estimates.
Correction note: The previous version of this report had an incorrect estimate for Everpure's Q2 2026 sales guidance. This has been corrected in the current version to reflect the reported estimate of $1.1 billion.
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Everpure (P) Q1 CY2026 Highlights:
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Revenue:$1.05 billion vs analyst estimates of $1.00 billion (35.2% year-on-year growth, 5% beat)
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Adjusted EPS:$0.47 vs analyst estimates of $0.40 (18.9% beat)
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Adjusted EBITDA:$182.2 million vs analyst estimates of $175.6 million (17.3% margin, 3.7% beat)
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The company lifted its revenue guidance for the full yearto $4.46 billion at the midpoint from $4.35 billion, a 2.5% increase
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Operating Margin:1.9%, up from -4% in the same quarter last year
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Free Cash Flow Margin:10.6%, down from 27.2% in the same quarter last year
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Market Capitalization:$29.35 billion
"Q1 was another outstanding quarter, reflecting the deepening trust customers place in Everpure to unlock their most valuable asset—their data," said Charles Giancarlo, Chairman and CEO of Everpure.
Company Overview
Founded in 2009 as a pioneer in enterprise all-flash storage technology, Everpure (NYSE:P) provides all-flash data storage hardware and software that helps organizations manage their data more efficiently across on-premises and cloud environments.
Revenue Growth
A company’s long-term sales performance is one signal of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul.
With $3.94 billion in revenue over the past 12 months, Everpure is one of the larger companies in the business services industry and benefits from a well-known brand that influences purchasing decisions.
As you can see below, Everpure’s 17.9% annualized revenue growth over the last five years was incredible. This is a great starting point for our analysis because it shows Everpure’s demand was higher than many business services companies.
Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. Everpure’s annualized revenue growth of 15.8% over the last two years is below its five-year trend, but we still think the results suggest healthy demand.
This quarter, Everpure reported wonderful year-on-year revenue growth of 35.2%, and its $1.05 billion of revenue exceeded Wall Street’s estimates by 5%. Company management is currently guiding for a 35.8% year-on-year decline in sales next quarter.
Looking further ahead, sell-side analysts expect revenue to grow 15.1% over the next 12 months, similar to its two-year rate. This projection is eye-popping and suggests the market sees success for its products and services.
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Adjusted Operating Margin
Adjusted operating margin is a key measure of profitability. Think of it as net income (the bottom line) excluding the impact of non-recurring expenses, taxes, and interest on debt - metrics less connected to business fundamentals.
Everpure has been an efficient company over the last five years. It was one of the more profitable businesses in the business services sector, boasting an average adjusted operating margin of 16.3%.
Analyzing the trend in its profitability, Everpure’s adjusted operating margin rose by 4.2 percentage points over the last five years, as its sales growth gave it operating leverage.
This quarter, Everpure generated an adjusted operating margin profit margin of 13.5%, up 2.9 percentage points year on year. This increase was a welcome development and shows it was more efficient.
Earnings Per Share
Revenue trends explain a company’s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth — for example, a company could inflate its sales through excessive spending on advertising and promotions.
Everpure’s EPS grew at 61.1% compounded annual growth rate over the last five years, higher than its 17.9% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded.
Diving into Everpure’s quality of earnings can give us a better understanding of its performance. As we mentioned earlier, Everpure’s adjusted operating margin expanded by 4.2 percentage points over the last five years. This was the most relevant factor (aside from the revenue impact) behind its higher earnings; interest expenses and taxes can also affect EPS but don’t tell us as much about a company’s fundamentals.
Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business.
For Everpure, its two-year annual EPS growth of 14.3% was lower than its five-year trend. We still think its growth was good and hope it can accelerate in the future.
In Q1, Everpure reported adjusted EPS of $0.47, up from $0.29 in the same quarter last year. This print easily cleared analysts’ estimates, and shareholders should be content with the results. Over the next 12 months, Wall Street expects Everpure’s full-year EPS to grow 12.2% from $2.17 to $2.43.
Key Takeaways from Everpure’s Q1 Results
It was good to see Everpure beat analysts’ EPS expectations this quarter. We were also glad its revenue outperformed Wall Street’s estimates. On the other hand, its revenue guidance for next quarter missed. Overall, this print had some key positives. The market seemed to be hoping for more, and the stock traded down 13.8% to $76.30 immediately after reporting.
Should you buy the stock or not? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it’s free .
