Everpure hits record high as analyst day shows accelerating FY28 outlook

Everpure (P) reached new all-time highs and led the S&P 500 after its Analyst Day. The company reaffirmed FY27 but issued a preliminary FY28 revenue outlook of $7.0-7.3 billion, well above consensus. That implies 39-45% growth, accelerating from the 37-38% in FY27. Non-GAAP operating income is expected at $1.7-1.9 billion, up 80-100% year over year, with margins expanding to 24-26%. Management outlined four growth vectors – Core + Core AI, Modern Data Software, Scale AI and Hyperscale Solutions – and sees its total addressable market nearly doubling to $207 billion by 2030. A second top-five hyperscaler design win was secured in August, with meaningful revenue expected in FY28.