Q1 27 EPS
$0.47
BEAT +18.87%
Est. $0.40
Q1 27 Revenue
$1.05B
BEAT +4.85%
Est. $1.00B
vs S&P Since Q1 27
-15.8%
TRAILING MARKET
PSTG -18.6% vs S&P -2.8%
Market Reaction
Did PSTG Beat Earnings? Q1 2027 Results
Everpure, Inc. Posted a strong first quarter for fiscal 2027, beating Wall Street expectations on both the top and bottom lines as the newly rebranded enterprise data management company demonstrated the early payoff of its strategic expansion. Non-GA… Read more Everpure, Inc. Posted a strong first quarter for fiscal 2027, beating Wall Street expectations on both the top and bottom lines as the newly rebranded enterprise data management company demonstrated the early payoff of its strategic expansion. Non-GAAP earnings came in at $0.47 per diluted share, ahead of the $0.40 consensus estimate by 18.87%, while revenue climbed 35.3% year-over-year to $1.05 billion, topping the $1.00 billion consensus by 4.85%. The primary engine behind the outperformance was a 55% surge in product revenue to $576.54 million, complemented by 17% growth in subscription services to $476.35 million, pushing subscription ARR to $2.00 billion. The company also posted GAAP net income of $24.08 million, compared to a loss of $13.99 million in the year-ago quarter. Looking ahead, management raised its full-year FY27 revenue outlook to $4.41 billion to $4.51 billion, representing 20% to 23% growth, while lifting non-GAAP operating income guidance to $820 million to $860 million.
Key Takeaways
- • 55% year-over-year product revenue growth driven by broad-based demand for Everpure solutions
- • Subscription ARR reached $2 billion, up 19% year-over-year
- • Remaining performance obligations (RPO) grew 41% year-over-year to $3.8 billion
- • Non-GAAP operating margin expanded to 15.1% from 10.6% year-over-year
- • Strong execution in challenging supply chain environment
PSTG Forward Guidance & Outlook
Everpure raised its full-year FY27 guidance: revenue is now expected at $4.41B to $4.51B (previously $4.3B to $4.4B), representing 20% to 23% YoY growth. Non-GAAP operating income is now guided at $820M to $860M (previously $780M to $820M), with 29% to 36% YoY growth. For Q2 FY27, the company expects revenue of $1.095B to $1.105B (27%-28% YoY growth), and non-GAAP operating income of $195M to $205M (50%-58% YoY growth).
PSTG YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
PSTG Revenue by Segment
With YoY comparisons, source: SEC Filings
“Q1 was another outstanding quarter, reflecting the deepening trust customers place in Everpure to unlock their most valuable asset—their data. As we expand our Enterprise Data Cloud vision with the integration of 1touch, we are uniquely positioned to help enterprises eliminate infrastructure friction and activate their data for the AI era.”
— Charles Giancarlo, Q1 2027 Earnings Press Release
PSTG Earnings Trends
PSTG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PSTG EPS Trend
Earnings per share: estimate vs actual
PSTG Revenue Trend
Quarterly revenue: estimate vs actual
PSTG Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.40 | $0.47 | +18.87% | $1.05B | +4.85% |
| Q4 26 BEAT FY | $0.64 | $0.69 | +7.81% | $1.06B | +2.58% |
| FY Full Year | $1.94 | — | — | $3.66B | +0.73% |
| Q3 26 BEAT | $0.58 | $0.58 | +0.00% | $964.5M | +0.83% |
| Q2 26 BEAT | $0.39 | $0.43 | +10.26% | $861.0M | +1.72% |
| Q1 26 BEAT | $0.25 | $0.29 | +16.00% | $778.5M | +1.06% |