Everpure, Inc.

Q3 FY26 performance beat expectations; operating leverage strong - Revenue $964M, +16% YoY; operating profit $196M, +17% YoY (company record) and 20.3% operating margin. - Continued strength across enterprise and hyperscaler plus momentum in Evergreen One and modern virtualization (including Cloud Block Store / Portworx). - Total gross margin 74.1%; subscription services gross margin 75.5% and product gross margin 72.9%.

Key recurring metrics improving (Evergreen/subscription momentum) - Subscription services revenue $430M (+14% YoY) = 45% of total revenue. - ARR $1.8B (+17%). - RPO $2.9B (+24%); exiting Q3 RPO for storage-as-a-service + Evergreen grew 22%. - Added 258 new customers; Fortune 500 penetration now 63%.

Growth driven by the “Pure platform” + product mix; hyperscaler shipments already ahead - Company exceeded its full-year hyperscaler shipment plan (2 exabytes)—Tarek said hyperscaler shipments YTD exceeded the original FY26 forecast of 1–2 exabytes, with more expected in Q4. - Hyperscaler economics remain central to gross margin but mix effects and modeling are important because hyperscaler revenue recognition is different (more software licensing recognized) vs traditional product shipments. - Strategic platform messaging: Purity OS (now enhanced with Fusion) underpins Evergreen nondisruptive upgrades and “enterprise data cloud” vision.