Everpure (P) 46th Annual William Blair Growth Stock Conference summary

Company evolution and strategy

• Transitioned from a point solution provider to a broad-based storage infrastructure leader, now expanding into data management and intelligence layers through acquisitions and rebranding.

• Focused on making data more usable and accessible, scaling from single workloads to full fleet and cloud-integrated solutions.

• Leveraged intellectual property to address new market segments, including hyperscalers, neoclouds, and AI-focused tech companies.

• Expanded offerings to Fortune 500 and large-scale enterprises, emphasizing modernization and flexibility.

Hyperscaler and cloud opportunity

• Hyperscaler business is growing, driven by software that optimizes flash management for efficiency and reliability.

• Customer base for hyperscale solutions is broadening to include more cloud providers and AI tech titans.

• Revenue from hyperscalers reached tens of millions in FY 2026, expected to multiply this year, with supply constraints noted.

• Anticipates more clarity on hyperscaler contributions at the upcoming Financial Analyst Day.

• Hyperscaler solutions require co-engineering and integration with customer software/hardware, leading to long sales cycles.

Enterprise market dynamics

• Achieved strong organic growth, with momentum accelerating from 11% to 17% in FY 2026 and continuing into Q1.

• About one-third of recent growth attributed to pricing actions and some pull-forward, but underlying demand remains robust.

• AI adoption is driving increased storage demand, leading enterprises to modernize infrastructure for flexibility and performance.

• Enterprises are preparing for AI by upgrading storage to handle greater capacity and performance needs.

• Expects AI to be a constructive tailwind for storage market growth in the medium and long term.