Summary of Everpure (NYSE:PSTG) FY Conference Call - February 26, 2026 Company Overview - **Company Name Change**: Pure Storage has rebranded to Everpure to reflect its expanded capabilities in the enterprise storage industry [11][14] - **Acquisition**: The company acquired 1touch to enhance its data management capabilities, allowing for better context and usability of stored data [13][19] Financial Performance - **Quarterly Earnings**: Everpure reported its first billion-dollar quarter with revenues of approximately $1.06 billion, marking a 16% year-over-year growth for the full year and a 20% growth in Q4 compared to the previous year [15][16] - **Future Guidance**: The company anticipates a 28% growth in Q1 year-over-year and a 19% growth for the entire year [15][16] - **Competitor Comparison**: Competitors are experiencing low single-digit growth rates, indicating Everpure's strong market position [16] Industry Dynamics - **NAND Flash Supply Chain**: Everpure has begun selling to hyperscalers, significantly increasing its responsibility for NAND flash supply. The company has long-term contracts in place but acknowledges the volatility in the spot market due to high demand and supply shortages [22][23][24] - **NAND Pricing**: The company noted that NAND prices have seen dramatic increases, with some products doubling in price within four months [23][24][90][96] - **Transition from HDD to Flash**: Everpure predicts that by 2028, virtually no new HDD enterprise data center systems will be sold, despite HDDs currently representing around 80% of gigabytes in hyperscalers [45][60] Competitive Positioning - **DirectFlash Technology**: Everpure's DirectFlash technology offers a 30%-40% price performance improvement over traditional SSDs, positioning the company uniquely in the market [66][67] - **Power and Cooling Efficiency**: Everpure's solutions require significantly less power, space, and cooling compared to HDDs and SSDs, making them attractive to hyperscalers [67][71] Market Trends - **AI and Data Management**: The company is focusing on making data more manageable and useful for analytics and AI, addressing the need for real-time data processing [135][136] - **Hyperscaler Demand**: Hyperscalers are currently price insensitive due to their urgent need for capacity, which is driving demand for Everpure's solutions [116][117] Strategic Partnerships - **Nutanix Partnership**: Everpure is seeing increased demand for alternatives to VMware, with Nutanix being a key partner in providing solutions for customers looking to transition away from VMware [172][173] Key Takeaways - **Market Share Growth**: Everpure is experiencing significant growth in its core business, with expectations to capture more market share in a $40 billion industry [187] - **Focus on Core Business**: The company emphasizes that the core business, which is growing rapidly, should receive more attention than the smaller AI segment, which currently contributes less than 10% of revenues [188][190] Conclusion - Everpure is positioned strongly in the enterprise storage market with innovative technology, robust financial performance, and strategic acquisitions. The company is navigating industry challenges effectively while focusing on long-term growth and market share expansion.

Group 1 - Dell Technologies Inc. is recognized as one of the 20 Best Investments for 2026, indicating strong future potential [1] - Morgan Stanley has reduced its price target for Dell from $111 to $101, assigning an Underweight rating due to expected solid but not exceptional performance in the upcoming quarters [3] - Dell continues to strengthen its partnership with McLaren Racing, providing advanced AI infrastructure and technology to enhance the team's performance and operations [4][5] Group 2 - Dell Technologies offers a wide range of IT hardware, software, and services, including servers, storage, networking, and cloud solutions, aimed at helping businesses and consumers manage digital infrastructures effectively [6] - Despite the potential of Dell as an investment, there are AI stocks perceived to have greater upside potential and lower downside risk, suggesting a competitive landscape in the tech sector [7]

Key Takeaways PSTG posts first $1B quarter as Q4 EPS of 69c beats estimates and revenue climbs 20%.Everpure grows RPO 40% and ARR 16% amid strong enterprise and hyperscaler demand.PSTG guides FY27 revenue of $4.3-$4.4B, sees ~19% growth and rising margins.Pure Storage (PSTG) reported fourth-quarter fiscal 2026 non-GAAP earnings per share (EPS) of 69 cents, which beat the Zacks Consensus Estimate of 65 cents. The company reported non-GAAP EPS of 45 cents in the prior-year quarter.From March 5, 2026, the comp ...

Pure Storage (PSTG) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +5.83%. A quarter ago, it was expected that this data storage company would post earnings of $0.59 per share when it actually produced earnings of $0.58, delivering a surprise of -1.69%.Over the last four quarters, th ...

Everpure (NYSE:PSTG) Q4 2026 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsAmit Daryanani - Senior Managing Director of Equity ResearchCharlie Giancarlo - Chairman and CEOMax Michaelis - Equity Research AssociatePaul Ziots - VP of Investor RelationsRob Lee - CTO and Growth OfficerTarek Robbiati - CFOConference Call ParticipantsAaron Rakers - Managing Director and Senior Equity AnalystAsiya Merchant - Director and Equity Research AnalystErik Woodring - Head of U.S. IT Hardware Research and ...

Everpure (NYSE:PSTG) Q4 2026 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsAmit Daryanani - Senior Managing Director of Equity ResearchCharlie Giancarlo - Chairman and CEOMax Michaelis - Equity Research AssociatePaul Ziots - VP of Investor RelationsRob Lee - Chief Technology and Growth OfficerTarek Robbiati - CFOConference Call ParticipantsAaron Rakers - Managing Director and Senior Equity AnalystAsiya Merchant - Director, Equity Research AnalystErik Woodring - Head of U.S. IT Hardware Res ...

Everpure (NYSE:PSTG) Q4 2026 Earnings call February 25, 2026 05:00 PM ET Speaker9Good day. Welcome to Everpure's fourth quarter fiscal 2026 financial results conference call. Today's conference is being recorded. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. If you would like to ask a question, please press star one on your telephone keypad. At this time, I'd like to turn the call over to Paul Ziots, Vice President of Investor ...

Fiscal Q4 & Full Year 2026 Financial Results February 25, 2026 1 2 3 4 5 6 7 8 9 10 11 12 © 2026 Everpure Forward Looking Statements and Non-GAAP Information This presentation contains forward-looking statements regarding our products, business and operations, including but not limited to our views relating to our future period financial and business results, our ability to manage potential disruptions to our supply chain, our ability to procure a sufficient supply of flash and other components, the impact ...

Exhibit 99.1 Everpure Announces Fiscal Fourth Quarter and Full Year 2026 Financial Results Full year 2026 revenue surpasses $3.6 billion, representing growth of 16% year-over-year Delivers over $1 Billion in Q4 revenue, representing growth of 20% year-over-year Q4 remaining performance obligations (RPO) growth of over 40% year-over-year SANTA CLARA, Calif. – February 25, 2026 – Everpure (NYSE: PSTG), the company revolutionizing storage and data management, today announced financial results for its fiscal fo ...

Ended2026202520262025Cash flows from operating activitiesNet income$ 100,252$ 42,435$ 188,181$ 106,739Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization40,33229,125147,815126,654Stock-based compensation expense133,497102,350481,652421,306Noncash portion of lease impairment and abandonment—1,360—4,630Gain on equity security——(27,486)—Other3,3073,06114,0158,168Changes in operating assets and liabilities:Accounts receivable, net(323,905)(102,638)(264, ...