Everpure (formerly Pure Storage) rebrands, raises prices amid cost pressures, hyperscaler ramp uncertain

Filed March 25, 2026 · Period ending February 1, 2026 · Compared to 10-K Mar 27, 2025 · ~1 min read

Key Changes

• high

  Company raised prices in Q1 FY2027 to offset significant component cost increases in FY2026; ongoing volatility expected to pressure gross margins despite price actions.

  Risk Factors: Component Costs verify on EDGAR →
• high

  Hyperscaler design win converted to active customer relationship, but company removed prior expectation of 'meaningful revenue contribution beginning in FY2027' and added inventory-commitment risk if customer reduces demand.

  Risk Factors: Hyperscaler Revenue verify on EDGAR →
• high

  Subscription ARR growth decelerated from 21% to 16% year-over-year; Net Dollar Retention declined from 117% to 113%, signaling slower expansion within existing customer base.

  MD&A: Subscription Metrics verify on EDGAR →