Everpure, Inc.

Strong Q2 results; guidance raised materially (growth + profitability): - Revenue +38% YoY to $1.17B (exceeded guidance); operating profit +77% YoY to $230M (operating margin 19.4%). - Performance reflects broad-based demand (not tied to a single product/customer/geo) and continued sales momentum from Q1. - Full-year fiscal 2027 guidance raised: revenue $5.030B–$5.070B (~38% YoY growth at midpoint); operating profit $940M–$960M (~50% YoY at midpoint).

Q3 and near-term outlook: strong visibility and continued momentum (even with pricing pressure): - Q3 forecast: revenue $1.325B–$1.335B (~38% YoY at midpoint); operating profit $265M–$275M (~38% YoY at midpoint). - Management emphasized they typically have 1–2 quarter visibility, and the guidance raise became possible because (1) supply concerns eased and (2) the market’s response to higher prices in Q2 became clearer.

Evergreen//One “Storage-as-a-Service” is accelerating and materially reshaping reported growth mix: - Evergreen//One TCV accelerated to an annualized run rate above $1B for FY27; subscription results are increasingly important. - Q2 Storage-as-a-Service TCV +121% YoY to $277M; Evergreen//One growth is driving stronger growth than product-only numbers. - Explanation for a “why growth looks different” dynamic: as-a-service / Evergreen//One can dilute near-term product revenue growth optics, but is expanding long-duration contracted value.