Everyone knows AI companies need powerful chips. But they also need a place to store the enormous amounts of data those chips use. That helps explain why investors are paying attention to Everpure (NYSE: P). The company, formerly called Pure Storage, sells data-storage technology and saw its stock take off after management said demand from AI companies and large cloud providers could drive much faster growth.
The company expects revenue of $7 billion to $7.3 billion, up 39% to 45% from the previous year. It also expects adjusted operating income of $1.7 billion to $1.9 billion, nearly double its forecast for fiscal 2027 at the high end.
What Everpure Does for AI Data Centers
Companies can spend billions of dollars on chips and data centers, but those systems still need quick access to huge amounts of information. They also need somewhere to store the data they create. Everpure makes storage systems and software designed to handle that work.
It uses flash storage, which can provide faster access to data than older types of storage. The company wants to help customers get more use from their expensive AI equipment while managing the growing amount of information they collect. That makes storage an important part of the AI buildout, even if it attracts less attention than chips.
Everpure Targets the Hyperscale Storage Market
A major part of the company’s growth plan involves hyperscalers, which need storage on a massive scale. Everpure is offering them technology called DirectFlash, which is designed to meet their demands. If more hyperscalers adopt it and place large orders, it could gain a substantial new source of revenue.
But management is looking beyond those customers. It also wants to sell more storage to businesses running AI applications, provide systems for companies building AI services, and expand its data-management software. The comapny expects these newer areas to make up about 20% of its revenue by fiscal 2030.
Why the Growth Forecast Excited Investors
Investors already knew AI was creating more demand for data centers. What stood out was how much growth Everpure expects to capture.
For fiscal 2027, the company forecast revenue growth of 37% to 38%. Its early forecast calls for growth of 39% to 45% in fiscal 2028. In other words, management expects sales to keep climbing quickly even after a strong fiscal 2027.
Everpure also expects profit to grow faster than revenue. Its forecast for adjusted operating income points to growth of 80% to 100% in fiscal 2028. That suggests management believes it can make much more money as sales increase, rather than having to spend an equally large amount to support that growth. That combination of fast sales growth and rising profitability gave investors a reason to look at Everpure differently. The company is making a case that it can become a bigger supplier to the AI industry.
Can Everpure Turn AI Demand Into Profits?
There is a reason to be excited about this stock. AI companies need fast access to data every time they train a model or run an application. As they build larger systems, storage could become an increasingly valuable part of the infrastructure. Everpure has made a strong case that it can benefit from that spending.
The stock’s rally also raises the stakes. Management has set ambitious targets, and investors will expect steady progress toward them. For Everpure, the opportunity is clear: prove that its technology can win major customers, keep sales growing and turn that growth into lasting profits. If it delivers, storage may prove to be one of the AI boom’s more rewarding businesses.
The next question is whether Everpure can turn its forecast into orders. Investors should watch for evidence that large cloud providers are adopting DirectFlash, along with signs that AI customers are spending more on Everpure’s storage systems and software. Those results would show whether the company’s growth plans are taking hold.
