On September 24, Everpure rose 7.3% in regular trading, trading at $119.715/share, with turnover of $104 million.

On the news front, Everpure unveiled a more ambitious long-term growth strategy and issued preliminary FY2028 guidance well above Wall Street expectations. The company projected FY2028 revenue of $7.0 billion to $7.3 billion, representing 39%-45% year-over-year growth, with non-GAAP operating profit of $1.7 billion to $1.9 billion, implying 80%-100% growth. Simultaneously, Everpure reaffirmed its FY2027 revenue guidance of $5.03 billion to $5.07 billion and non-GAAP operating profit of $940 million to $960 million, largely in line with the FactSet consensus of $5.05 billion.

The guidance builds on strong recent momentum. In its FY2027 Q2 report released in August, the company posted adjusted EPS of $0.70, beating estimates by 20.69%, and revenue of $1.186 billion, exceeding expectations by approximately 8%. Piper Sandler subsequently raised its price target to $162 from $133, maintaining an Overweight rating. The stock has also benefited from its formal inclusion in the S&P 500 index on September 21 and the recent announcement of a second hyperscaler design and supply contract.

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