Strong Q2 earnings beat with raised FY27 guidance

EVERPURE $P Q2’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.2B (Est. $1.1B) 🟢; +38% YoY 🔹 Adj. EPS: $0.70 (Est. $0.58) 🟢 🔹 Product Revenue: $687M; +54% YoY 🔹 Non-GAAP Oper Income: $230M (Est. $201M) 🟢 Raises FY27 Guide: 🔹 Revenue: $5.03B-$5.07B (Est. $4.5B) 🟢 🔹 Non-GAAP Oper Income: $940M-$960M (Est. $849M) 🟢 🔹 Revenue YoY Growth Rate: 37% to 38%; from 20% to 23% 🔹 Non-GAAP Oper Income YoY Growth Rate: 48% to 51%; from 29% to 36% Q3 Guide: 🔹 Revenue: $1.33B-$1.34B (Est. $1.14B) 🟢 🔹 Non-GAAP Oper Income: $265M-$275M (Est. $227M) 🟢 🔹 Revenue YoY Growth Rate: 37% to 38% 🔹 Non-GAAP Oper Income YoY Growth Rate: 35% to 40% Segment Net Revenue: 🔹 Product: $687M; +54% YoY 🔹 Subscription Services: $499M; +20% YoY Other Q2 Metrics: 🔹 Subscription ARR: $2.1B; +20% YoY 🔹 RPO: $4.1B; +44% YoY 🔹 Non-GAAP Gross Margin: 69.9%; -220 bps YoY 🔹 Free Cash Flow: -$238M (Est. $201M) 🔴 Key Updates: 🔹 Second Top-Five Hyperscale Win: Design win with a second top-five hyperscaler Comments: 🔸 “We are raising guidance significantly for the second half of the year to reflect our confidence in continued revenue momentum.” 🔸 “Our expansion into Data Intelligence, and our increasing momentum in AI and hyperscale products, ensures we are well-positioned to capture enduring long-term growth.”