Everpure Hits Billion-Dollar Quarter, Cements AI Data Strategy

SANTA CLARA, CA – February 25, 2026 – Everpure, the data storage and management company formerly known as Pure Storage, today announced a landmark fiscal fourth quarter, surpassing $1.1 billion in revenue for the first time and capping a year of significant growth. The results, which exceeded analyst expectations, underscore the success of the company's strategic pivot from a hardware-centric vendor to a comprehensive data intelligence platform built for the artificial intelligence era.

For the full fiscal year 2026, Everpure reported revenue of $3.7 billion, a 16% increase year-over-year. The fourth quarter was particularly strong, with revenue up 20% compared to the same period last year. This financial milestone coincides with the company's official rebranding, a move designed to reflect its expanded mission.

"Everpure delivered an outstanding fourth quarter, achieving our first billion-dollar revenue quarter and capping off a strong fiscal year," said Charles Giancarlo, Chairman and CEO of Everpure. "These results prove our impact in modernizing data storage. Our new name 'Everpure' represents the next step in our mission—enabling our customers to better manage and utilize their global data in the AI era."

A Strategic Shift to AI-Powered Data Management

Beneath the headline financial figures lies a deliberate, multi-year strategy to align the company's portfolio with the explosive demand for AI-ready infrastructure. The strong performance is not merely a reflection of selling more storage, but of selling a more intelligent, unified platform. Central to this strategy is the Enterprise Data Cloud (EDC), an architecture that allows organizations to manage a virtualized cloud of data with unified control across on-premises, public cloud, and hybrid environments.

This platform is powered by a suite of recent innovations. The company debuted FlashBlade//EXA, a storage solution specifically engineered to handle the massive performance and scale required by demanding AI and high-performance computing (HPC) workloads. This product directly addresses a critical bottleneck for many enterprises looking to deploy AI models at scale.

Further extending its reach into the cloud, Everpure deepened its partnership with Microsoft to launch Everpure Cloud Azure Native. Described as the industry's first fully managed, enterprise-grade block volume service on a major public cloud, it simplifies the migration of storage-intensive applications to Azure. This move positions Everpure not as a competitor to cloud hyperscalers, but as a crucial enabler of hybrid cloud strategies, offering consistent data services wherever a customer's data resides.

Driving the intelligence layer of this ecosystem is an enhanced control plane powered by Everpure Fusion and an AI Copilot. This system automates the management of storage fleets and optimizes data placement, a critical capability for building efficient data pipelines for analytics and AI.

Building the Data Intelligence Layer

Looking ahead, Everpure is moving beyond data management and into data intelligence with its definitive agreement to acquire 1touch. The acquisition is a strategic move to integrate advanced data discovery, classification, and contextualization capabilities directly into its platform. While financial terms were not disclosed, the integration is expected to accelerate Everpure's ability to help customers make their vast, unstructured datasets "AI-ready."

By providing tools to automatically understand the content and context of data at the source, the 1touch acquisition aims to solve a fundamental challenge in enterprise AI: transforming raw data into trusted, actionable insights. This capability is essential for everything from ensuring data governance and sovereignty to enriching datasets for more accurate and powerful AI models. This strategic addition signals Everpure's ambition to own the entire data lifecycle, from storage and management to semantic understanding and enrichment.

Financial Fortitude and a Confident Outlook

The company's financial health extends well beyond its record revenue. A key indicator of future success, Remaining Performance Obligations (RPO), surged by over 40% year-over-year to $3.7 billion. This figure, which represents contracted future revenue, provides strong visibility into the year ahead and validates the market's appetite for Everpure's subscription-based offerings.

Subscription services revenue for the full year climbed to $1.7 billion, a 15% increase, demonstrating the continued success of its business model transformation. The company also posted a robust non-GAAP operating margin of 21.3% in the fourth quarter and generated $616 million in free cash flow for the full year.

This financial strength allows the company to invest in growth while navigating macroeconomic headwinds. "We are entering FY27 with strong momentum as demand for our Everpure solutions across the Enterprise and Hyperscaler sectors remains robust," said CFO Tarek Robbiati. "We are proactively navigating the global imbalances in the supply chain and are confident in our ability to deliver on our priorities this year."

That confidence is reflected in the company's guidance. Everpure projects full-year fiscal 2027 revenue to be between $4.3 billion and $4.4 billion, representing growth of 17% to 20% and indicating that its current momentum is expected to continue.

A New Name for a New Era

The transition from Pure Storage to Everpure, which becomes official on the New York Stock Exchange on March 5, 2026, is the public face of this deep-seated strategic evolution. The former name, while iconic in the all-flash storage market, was seen as increasingly limiting as the company's focus expanded to a platform-centric, software-driven model.

The new brand identity is intended to evoke the idea of a living, ever-evolving system that manages data intelligently and perpetually, a concept embodied in its Evergreen subscription model that eliminates disruptive hardware refresh cycles. The move aims to reposition the company in the minds of customers, partners, and investors as a foundational platform for the AI-powered enterprise.

This strategic vision is validated by numerous industry accolades, including being named a Leader in the 2025 Gartner® Magic Quadrant™ for Enterprise Storage Platforms. With a formidable balance sheet, a clear technology roadmap, and a brand that reflects its forward-looking ambitions, Everpure has positioned itself as a pivotal player in shaping the future of enterprise data.