Published
# Everpure, Inc. (NYSE: P) - Recent Events ## Filings that contain financial statements - Form 8-K filed August 26, 2026 (accession 0001474432-26-000084), Exhibit 99.1: unaudited condensed consolidated balance sheet at August 2, 2026 (with fiscal 2026 year-end comparative), statements of operations for the second quarter and first two quarters of fiscal 2027 and 2026, and statements of cash flows for the same periods, plus non-GAAP reconciliations. - Form 8-K filed May 27, 2026 (accession 0001474432-26-000046), Exhibit 99.1: the same set of unaudited statements for the first quarter of fiscal 2027, ended May 3, 2026. - Form 8-K filed February 25, 2026 (accession 0001474432-26-000015), Exhibit 99.1: unaudited statements for the fourth quarter and full fiscal year 2026, ended February 1, 2026. ## Earnings and guidance - **August 26, 2026 - Second quarter fiscal 2027 results** (0001474432-26-000084). Quarter ended August 2, 2026. Revenue $1.19 billion (up 38% year over year); product revenue $687 million (up 54%); subscription services revenue $499 million (up 20%). Subscription ARR $2.1 billion (up 20%); remaining performance obligations $4.1 billion (up 44%). GAAP operating income $63 million (5.3% margin); non-GAAP operating income $230 million (19.4%). Net income $74 million ($0.21 diluted per share). Operating cash flow was negative $136 million and free cash flow negative $238 million; the release shows prepaid expenses and other assets up by $577 million in the quarter. The company repurchased 0.9 million shares for about $69 million. The release also reports a second top-five hyperscaler design win announced August 10, and schedules a Financial Analyst Meeting for September 23, 2026. - **Guidance raised substantially (August 26, 2026)**. Full-year fiscal 2027 revenue guidance rose to $5.03 billion-$5.07 billion from $4.41 billion-$4.51 billion; non-GAAP operating income guidance rose to $940 million-$960 million from $820 million-$860 million. Third quarter guidance: revenue $1.325 billion-$1.335 billion, non-GAAP operating income $265 million-$275 million. - **May 27, 2026 - First quarter fiscal 2027 results** (0001474432-26-000046). Quarter ended May 3, 2026. Revenue $1.1 billion (up 35%); GAAP operating income $20 million; non-GAAP operating income $159 million; free cash flow $112 million; repurchases of about $84 million. Full-year revenue guidance was raised to $4.41 billion-$4.51 billion from $4.3 billion-$4.4 billion, and non-GAAP operating income guidance to $820 million-$860 million from $780 million-$820 million. - **February 25, 2026 - Fourth quarter and fiscal 2026 results** (0001474432-26-000015). Year ended February 1, 2026: revenue $3.7 billion (up 16%), GAAP operating income $115 million, non-GAAP operating income $635 million, operating cash flow $880 million, free cash flow $616 million; fourth quarter revenue exceeded $1 billion for the first time. Initial fiscal 2027 guidance was given in this release. - **December 2, 2025 and November 4, 2025.** Third quarter fiscal 2026 results (0001474432-25-000062). On November 4, 2025 the company, then named Pure Storage, reaffirmed its third quarter and full-year fiscal 2026 guidance (0001628280-25-049165). ## Acquisition - **1touch (data intelligence and orchestration).** The February 25, 2026 results release described a definitive agreement to acquire 1touch (signed; 0001474432-26-000015). The May 27, 2026 release states the company "completed the strategic acquisition" in May (0001474432-26-000046). The Form 10-Q for the quarter ended August 2, 2026 (0001474432-26-000088) states that the company acquired all outstanding equity interests on May 7, 2026 for total cash consideration of $125.9 million, recording $19.5 million of intangible assets and $101.2 million of goodwill. The deal is closed. ## Corporate - **Name and ticker change.** A Form 8-K dated February 23, 2026 (0001474432-26-000011, Item 5.03) reports that Pure Storage, Inc. changed its name to Everpure, Inc. via a certificate of amendment filed in Delaware on February 20, 2026, with amended bylaws effective February 23, 2026; at that time the Class A common stock continued to trade as "PSTG". The May 27, 2026 release states the company has since updated its ticker symbol to "P" on the NYSE. - **Annual meeting (June 10, 2026; 0001474432-26-000066).** Stockholders elected three Class II directors (Andrew Brown, John Colgrove, Roxanne Taylor) to terms ending at the 2029 annual meeting, ratified Deloitte & Touche LLP for the fiscal year ending January 31, 2027, and approved executive compensation on an advisory basis. Roxanne Taylor received 142,970,331 votes for and 119,225,647 withheld. - **Executive change (June 24, 2025; 0001474432-25-000025, Item 5.02).** Pure Storage appointed Tarek Robbiati, formerly Chief Financial Officer of Hewlett Packard Enterprise (September 2018 to August 2023), as Chief Financial Officer. The filing states Kevan Krysler is no longer Chief Financial Officer, though he remains an employee providing transition services. - **Executive change (November 4, 2025; 0001628280-25-049165).** Patrick S. Finn was appointed Chief Revenue Officer, succeeding Dan FitzSimons, who moved to a senior advisor role. ## Capital - The Form 10-Q (0001474432-26-000088) reports a $1.8 billion share repurchase authorization with $176.0 million remaining at August 2, 2026, and a $500.0 million senior unsecured revolving credit facility (expiring June 10, 2030) with no borrowings outstanding. It also discloses that conditions of a long-term supply arrangement were met in the second quarter, triggering a commitment to acquire about $1.1 billion of component supply through calendar year 2027. - The company has never paid a dividend (Form 10-K, 0001474432-26-000027), and the Form 10-Q (0001474432-26-000088) reports no borrowings outstanding under the revolving credit facility.