Everpure (P) Tumbles 16% After Q2 Revenue Guidance Falls Short of Estimates

Shares of data storage provider Everpure (NYSE:P) dropped 16% on May 28, 2026, after the company issued second-quarter revenue guidance that missed Wall Street forecasts, even as first-quarter results beat expectations. Q1 revenue rose 35% year-over-year and product revenue surged 55%, confirming robust AI-driven storage demand. However, the Q2 revenue midpoint of $1.1 billion fell below analyst models, and gross margins remained flat rather than expanding. The flat margin performance raised concerns that elevated memory and component costs are absorbing the AI demand tailwind before it reaches the bottom line. CFO Tarek Robbiati acknowledged executing in a “challenging supply chain environment,” signaling persistent cost pressures. Everpure raised its full-year revenue outlook to $4.41–$4.51 billion, but the near-term guidance miss overshadowed the raise. The stock remains up 9.9% year-to-date at $75.86, yet trades 23.1% below its 52-week high of $98.70 from October 2025.