Everpure, Inc. · NYSE:P
Everpure — Investor Day (September 2026)
77 slides from Everpure's investor day presentation, Sep 23, 2026
Slide 1: Financial Analyst Meeting 2026
Financial Analyst Meeting 2026 © 2026 Everpure | Financial Analyst Day
Slide 2: Forward Looking Statements and Non-GAAP Information
Forward Looking Statements and Non-GAAP Information This presentation contains forward-looking statements regarding our products, business, operations and financial performance, including but not limited to our views relating to our future period financial and business results, including our expecta
Slide 3: Everpure strategy overview and expanded opportunity
Everpure strategy overview and expanded opportunity Charles Giancarlo Chairman and Chief Executive Officer © 2026 Everpure | Financial Analyst Day
Slide 4: Agenda
Agenda TECHNOLOGY DEEP-DIVES Live webcast · 9:00–11:05am MAIN SESSION Live webcast · 12:00–2:40pm 9:00am Doors open for a light breakfast 12:00pm Everpure strategy overview & expanding our opportunity 9:30am Opening & introductions Charles Giancarlo, Chairman and CEO Paul Ziots, Vice President Inves
Slide 5: 12 Year enterprise storage market share
12 Year enterprise storage market share 15% 10% NET Gain / Loss 5% Everpure +14.2% NetApp -0.4% 0% HPE - 1.4% CY'13 CY'26 Dell/EMC - 2.7% -5% Hitachi - 3.5% IBM -6.2% -10% CY’2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 FlashArray FlashBlade AIRI Cloud Block EG//1 FlashBlade
Slide 6: Everpure treats data as high technology not a commodity
Everpure’s sustainable competitive advantage Everpure treats data as high technology not a commodity “When a new model changes the economics of an industry and is difficult to replicate, it can by itself create a strong competitive advantage.” — Joan Magretta, “Why Business Models Matter”, Harvard B
Slide 7: Growth funds innovation. Innovation funds more growth.
Growth funds innovation. Innovation funds more growth. LARGEST R&D INVESTMENT IN THE INDUSTRY >$1B* TTM R&D Spend CUSTOMER MOMENTUM A Leader 84 14,500+ ~15,000 64% Net NetPromoter PromoterScore+ Score Customers of the Fortune 500 *Calculated as trailing twelve-month GAAP R&D spend as of Q2'FY27 Gart
Slide 8: Growth funds innovation. Innovation funds more growth.
Growth funds innovation. Innovation funds more growth. LARGEST R&D INVESTMENT IN THE INDUSTRY >$1B* TTM R&D Spend CUSTOMER MOMENTUM A Leader 84 14,500+ ~15,000 64% Net NetPromoter PromoterScore+ Score Customers of the Fortune 500 *Calculated as trailing twelve-month GAAP R&D spend as of Q2'FY27 Gart
Slide 9: Growth funds innovation. Innovation funds more growth.
Growth funds innovation. Innovation funds more growth. LARGEST R&D INVESTMENT IN THE INDUSTRY >$1B* TTM R&D Spend CUSTOMER MOMENTUM A Leader 84 14,500+ ~15,000 64% Net NetPromoter PromoterScore+ Score Customers of the Fortune 500 *Calculated as trailing twelve-month GAAP R&D spend as of Q2'FY27 Gart
Slide 10: One software foundation serves every storage segment
One software foundation serves every storage segment Any workload. Any protocol. Any scale. Any economics. All on Purity. Core & Core AI Scale AI Hyperscale Solutions FlashArray FlashBlade Evergreen//One FlashBlade//EXA DirectFlash Purity One software foundation across every platform Block File Obje
Slide 11: Scaled sales and marketing engine
Scaled sales and marketing engine Global Sales Organization One team, customer driven 84 NET PROMOTER SCORE 2,330 GLOBAL SALES ORG 50 GLOBAL TECHNOLOGY PARTNERS Enterprise/Globals Franchise-account growth 64% OF FORTUNE 500 44% OF GLOBAL 2000 8 GLOBAL STRATEGIC PARTNERS Commercial Scale and velocity
Slide 12: Everpure has reached an inflection point
Everpure has reached an inflection point Growth has accelerated for eight consecutive quarters: based on growth of our core business REVENUE GROWTH, YEAR-ON-YEAR 01 Durable, not a spike 38% Eight consecutive quarters of accelerating growth 35% 02 20% Growing with increasing margin 16% 52% TTM Non-GA
Slide 13: One storage architecture, one future target
One storage architecture One future target → Scaled data management Core & Core AI Modern Data Scale AI Hyperscale Software Solutions Enterprise data storage, Software that ensures data GPU-attached storage for Tens of exabytes for the Product and/or subscription, mobility, continuous neoclouds and
Slide 14: Core product growth accelerating
Core & Core AI Core product growth accelerating Product growth continues to accelerate: a trend, not a one-time result PRODUCT REVENUE EQUIVALENT GROWTH, YEAR-ON-YEAR 01 Product 70% of Subscription Services TCV* 65% Accelerating Product Growth 58% Expanding product coverage, adding markets, high lev
Slide 15: Core AI: Accelerating GPU connected arrays
Core & Core AI Core AI: Accelerating GPU connected arrays GPU-Attached systems Accelerating on-prem GPU deployments 2026 models significantly improved open weight models driving adoption Starting with AI Data Platform deployment //S & //EXA synergy Purity & Evergreen value proposition AI data platfo
Slide 16: Data primacy is the new foundation of enterprise IT
Modern Data Software With AI…Data primacy is the new foundation of enterprise IT From Data Processing to Data The industrial and AI revolutions v1.0 v2.0 Primacy: The Agentic Inversion of Work and IT Architecture How sixty years of enterprise computing came full circle — and Repeatability what it me
Slide 17: Data primacy requires data intelligence
Modern Data Software Data primacy requires data intelligence Understand the Data Universal Data Intelligence Govern the Data SaaS Apps Mainframe Store the Data Everpure Data Other Data Discover Classify Contextualize Finding and Identifying and Adding information about connecting to data labeling me
Slide 18: From enterprise AI to exabyte AI
Scale AI Same Purity platform From enterprise AI to exabyte AI 100x the ceiling GROWING SALES FOR //EXA • Neoclouds, Sovereign and AI-native providers • Performance, scale, quality and flexibility SAME PURITY ENGINE - ACROSS ALL NEOCLOUD USE CASES • //EXA extends proven Everpure value into AI build-
Slide 19: Everpure Hyperscale solutions
Hyperscale Solutions Everpure Hyperscale solutions Strategy Customer benefit Potential Replace all SSD & HDD Reliability, performance, Total Available Market architectures with DirectFlash density, simplicity, lifetime >>1,000 Exabytes annually From high performance (AI) to Lower operating cost low
Slide 20: Summing up
Summing up © 2026 Everpure | Financial Analyst Day
Slide 21: Transition to durable accelerated growth
KEY TAKEAWAYS Transition to durable accelerated growth 01 Eight quarters of increasing revenue growth and share gains in core enterprise storage market show durable core sales acceleration 02 Concentrated R&D on one architecture promises highly leveraged operating model 03 New high-growth markets ar
Slide 22: One architecture. Many paths to growth.
One architecture. Many paths to growth. One core of technology and IP Purity Evergreen DirectFlash Data Intelligence CORE BUSINESS NEW MARKETS Core & Core AI Modern Data Scale AI Hyperscale Software Solutions Accelerating share growth and AI-based TAM expansion + AI requires enterprise data to be re
Slide 23: Paths to growth and right-to-win
Paths to growth and right-to-win Rob Lee Chief Technology and Growth Officer © 2026 Everpure | Financial Analyst Day
Slide 24: One foundation. Many paths to growth.
One foundation. Many paths to growth. CORE BUSINESS NEW MARKETS Core & Core AI Modern Data Scale AI Hyperscale Software Solutions Accelerating share growth and AI-based TAM expansion + AI requires enterprise data to be ready, governed and accessible, AI Storage Infrastructure for the most demanding
Slide 25: Core business – A significant growth engine
Core business – A significant growth engine 01 02 03 We continue to gain Enterprise Storage Core AI share across the market growth, GPU-attached storage enterprise accelerated by AI deployment growing in Enterprise © 2026 Everpure | Financial Analyst Day
Slide 26: Core advantages drive accelerating growth
Core advantages drive accelerating growth Complete platform & enterprise-wide value 01 One platform across block, file and object, on-prem and cloud, as a product or a service Stickiness and network-effect 02 Each deployment expands our footprint and makes the next workload easier to win Expanding t
Slide 27: Innovation drives continued market share gains
Innovation drives continued market share gains LARGEST R&D INVESTMENT IN • Highest leadership THE INDUSTRY R&D Expanding position in Gartner MQ >$1B Re-investment Differentiation * • Portfolio and workload expansion to cover Block, File, & Object, across Tier0 - Archive TTM R&D Spend • Expanding our
Slide 28: Enterprise market growth – Accelerated by AI
Enterprise market growth – Accelerated by AI More data, kept longer, held closer CORE TAM GROWTH EXPANDING TAM (CORE AI) Core storage market benefits indirectly from AI GPU-connected storage for AI inference or agents • Data growth increases + • Performance AND enterprise mission-criticality • AI ma
Slide 29: Core AI – Growing as an enterprise workload
Core AI – Growing as an enterprise workload CORE AI WIN Large Multi-National Bank Enterprise • Build and deploy financial AI agents applications Enterprise AI Databases · RAG · Inference • FlashBlade providing agent and VMs · Analytics · Agents user-memory to 1000’s of users • FlashBlade deployed as
Slide 30: Core AI – Growing as an enterprise workload
Core AI – Growing as an enterprise workload CORE AI WIN Large Multi-National Bank Performance Enterprise • Build and deploy financial AI agents Concurrency Enterprise AI applications Resiliency RAG · Inference • FlashBlade providing agent and Databases · VMs · Analytics Governance · Agents user-memo
Slide 31: Core business growth – A simple equation
Core business growth – A simple equation Customer Platform Innovation & differentiation + outcomes & + stickiness & = Continued share gains NPS network-effect × Inference and Data growth + AI increases value of data + agent workloads = Accelerated market growth (Core AI) Core growth © 2026 Everpure
Slide 32: Three distinct new opportunities
Three distinct new opportunities Different customers, different dynamics, one shared foundation 01 Modern data software Expanding from storing data to managing it 02 Scale AI Concentrated GPU infrastructure for AI workloads 03 Hyperscale solutions Bringing benefits of DirectFlash to the largest Hype
Slide 33: Modern data software
Modern data software 01 AI needs the right data – organized, governed, and accessible first 02 The applications consuming it, and where they run, are modernizing 03 We start where the data already lives © 2026 Everpure | Financial Analyst Day
Slide 34: Modern data software
Modern data software AI needs the right data Organizing data for AI Modern applications Hybrid & multi-cloud • Finding and cataloguing • Automatic data ingestion, • Data pipelines, inference • Connect and access data across silos indexing and vectorization and agents applications data-assets in-plac
Slide 35: Scale AI opportunity
Scale AI opportunity 01 Largest-scale AI infrastructure demands new solutions 02 Extending core IP and enterprise capabilities to Neoclouds 03 Entire spectrum of AI infrastructure © 2026 Everpure | Financial Analyst Day
Slide 36: AI infrastructure needs 10–100x
AI infrastructure needs 10–100x Enterprise (Core AI) Large-scale AI 10s-100s of GPUs 1K-100K GPUs 1-10s PB 100s of PB to 1 EB+ 100s users scale 10000s users Extension of same technology FlashBlade//S FlashBlade//EXA 100s GB/s performance 10s TB/s performance RAG, inference, agent Large-scale trainin
Slide 37: From enterprise AI to exabyte AI
Scale AI From enterprise AI to exabyte AI METADATA PERFORMANCE Key-value database on FlashBlade Highly consumable metadata Native NFS solution, no database Built on open-standards SCALE Performance and capacity scaling 1 TB/s to 50 TB/s 100 PB to multiple EB Near-unlimited namespaces RELIABILITY AND
Slide 38: FlashBlade//EXA: #1 AI Storage Platform in MLPerf
FlashBlade//EXA The #1 AI Storage Platform in MLPerf® v3.0 #1 877 GiB/s 85,736 tok/s in EVERY checkpointing peak checkpoint write throughput KV-cache throughput & KV-cache metric submitted 1T model, 30 data nodes Llama 3.1 8B, storage-only Closed Division (Standardized) MLPerf Storage v3.0, Closed d
Slide 39: Buying criteria are shifting toward Everpure's strengths
Buying criteria are shifting toward Everpure's strengths THE INITIAL RUSH Raw performance 01 02 03 and benchmarks Large scale AI Needs expanded We are uniquely environments are from just raw positioned to AS THE MARKET MATURES mission critical perf to also all meet both needs Performance still matte
Slide 40: Hyperscale solutions
Hyperscale solutions 01 We deliver technical and structural advantages 02 A single consistent architecture across performance tiers 03 Limited competitive options © 2026 Everpure | Financial Analyst Day
Slide 41: Last 10 years of Hyperscale storage
Last 10 years of Hyperscale storage Perf/TB Perf/TB Exabytes required provided shipped Flash QLC Flash + = HDD Time Time Time Performance needs growing HDDs keep getting slower Driving race to deploy QLC © 2026 Everpure | Financial Analyst Day
Slide 42: Every Hyperscaler is scrambling to secure QLC SSD supply
Every Hyperscaler is scrambling to 1 Secure QLC SSD supply contracts 2 Qualify SSDs from multiple vendors for rapidly changing workloads 3 Maximize efficiency of the investment OPTION A OPTION B OPTION C Conventional SSDs Build it in-house Everpure Will continue, but require long qual cycles Mainten
Slide 43: We offer technical and structural advantages
We offer technical and structural advantages Hard Disk Drives Solid State Drives Hyperscale Solutions • Growing slightly larger, but also • SSDs present NAND as an HDD • Purpose-built to natively access much slower NAND flash • Complex, inefficient and unreliable • Additional complexity required to
Slide 44: One consistent, software-controlled architecture
One consistent, software-controlled architecture Hyperscaler Distributed Storage Software SSD HOT PERFORMANCE One architecture SOFTWARE & Hybrid HDD & SSD WARM across tiers MEDIA CONTROLLED Same media, same software, same operations from hot to archive Hard Disk Drive COLD / ARCHIVE Same media, same
Slide 45: One consistent, software-controlled architecture
One consistent, software-controlled architecture DATA WORKLOADS CONTENT DB OBJECT DATALAKE LOGS AI/ML CACHE NEW NEW Hyperscaler Distributed Storage Software SSD SSD SSD HOT PERFORMANCE One architecture SOFTWARE & Hybrid HDD & SSD WARM across tiers MEDIA CONTROLLED Same media, same software, same ope
Slide 46: Our innovation enables Hyperscale success
Our innovation enables Hyperscale success 17 YEARS OF ACCUMULATED FLASH ENGINEERING Multiple Multiple Continuous Reliability Media Production NAND suppliers qualification engineering optimization experience generations DirectFlash + Purity · refined every generation 2015 2016 2017 2018 2019 2020 202
Slide 47: Why Hyperscalers choose Everpure
Why Hyperscalers choose Everpure 300 TB More capacity per rack, fewer racks per exabyte DENSITY 2× Increased resiliency and uptime, lower failure rates LIFETIME 80–90% Power, space and cooling reclaimed for AI and others LOWER FOOTPRINT 2–5× Fewer device-level failures than enterprise SSDs MORE RELI
Slide 48: What Hyperscalers are balancing and our value
What Hyperscalers are balancing and our value HYPERSCALERS BALANCE WE GIVE THEM Technical efficiencies Efficiency Power, rack space, density, reliability, lifetime and operating cost The density, power, reliability and lifecycle attributes of DirectFlash Predictable behavior across scale and A singl
Slide 49: One foundation, for every customer
One foundation, for every customer ← CUSTOMER SCALE OF DEPLOYMENT → Commercial Enterprise Neocloud Tech Titan Hyperscaler Core & Core AI Modern Data Software Scale AI Hyperscale Solutions Two Hyperscaler One Architectural One Global Sales ONE FOUNDATION 15K Customers 17 Years of IP Design Wins Found
Slide 50: Foundation for further growth and long-term financial framework
Foundation for further growth and long-term financial framework Tarek Robbiati Chief Financial Officer © 2026 Everpure | Financial Analyst Day
Slide 51: We are at an inflection point in our company's history
We are at an inflection point in our company’s history 01 02 03 Our foundation is We intend to grow Our long-term solid and our beyond our core and financial profile is performance capture share in new resetting durably is accelerating adjacent markets © 2026 Everpure | Financial Analyst Day
Slide 52: Q2FY27 Everpure at-a-glance
Q2FY27 Everpure at-a-glance Total Revenue Subscription ARR (1) Storage as a Service Offerings (2) Remaining Performance Obligations $1.19B $2.13B $277M $4.09B 38% Y/Y Growth 20% Y/Y Growth 121% Y/Y Growth 44% Y/Y Growth Non-GAAP Operating Margin (3) Total Cash & Marketable Global Customers Customer
Slide 53: Total revenue
Total revenue Long-term growth across economic cycles and last 18-months acceleration 18%+ $5.05B* $3.66B CAGR $3.17B FY22 – FY27E $2.75B $2.83B $2.18B 38% Year-on-Year growth FY26 – FY27E FY22 FY23 FY24 FY25 FY26 FY27E *Midpoint of FY27E Guidance. © 2026 Everpure | Financial Analyst Day
Slide 54: Evergreen//One is driving recurring revenue and earnings
Evergreen//One is driving recurring revenue and earnings FY27E Evergreen//One $1B+ TCV* annualized run rate of $1B+ $520M $404M $393M $181M $141M FY22 FY23 FY24 FY25 FY26 FY27E *Total Contract Value (TCV) Sales, or bookings, of Everpure's Evergreen//One and similar consumption- and subscription-base
Slide 55: Non-GAAP operating income & margin
Non-GAAP operating income & margin (1) Long-term profitable growth and ability to scale (2) 18.8% 32%+ 17.7% 16.6% 17.3% 16.2% 10.8% (2) $950M CAGR Operating Income · FY22 – FY27E $635M $559M 50% $457M $458M $235M Year-on-Year growth FY26 – FY27E FY22 FY23 FY24 FY25 FY26 FY27E Non-GAAP Operating Inc
Slide 56: Highest rate of R&D investment in the industry
Highest rate of R&D investment in the industry* Constantly enhancing unique platform to expand the core 19.7% 19.5% 19.2% 18.6% 18.7% $714M ~19% $593M $556M $513M $418M of revenue R&D Expense · FY22 – FY26 FY22 FY23 FY24 FY25 FY26 Non-GAAP R&D expense Non-GAAP R&D as % of revenue *See GAAP to Non-GA
Slide 57: We are at an inflection point in our company's history
We are at an inflection point in our company’s history 01 02 03 Our foundation is We intend to grow Our long-term solid and our beyond our core and financial profile is performance capture share in new resetting durably is accelerating adjacent markets © 2026 Everpure | Financial Analyst Day
Slide 58: Cumulative component cost increases in FY27
Cumulative component cost increases in FY27 Since Q3FY26: • QLC NAND up 560% • TLC NAND up 465% • System COGS up 153% Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Q3 FY27 © 2026 Everpure | Financial Analyst Day
Slide 59: Gaining share through every NAND cycle
Gaining share through every NAND cycle Everpure external enterprise storage market share Cumulative share gain by regime 15% +3.5pp +3.5 14.2pp 14.2% 10% +10.7pp +10.7 5% 0% -5% -10% CY'13 CY'26 Deflationary Inflationary ■ Inflationary (NAND price rising) ■ Deflationary (NAND price falling) +1.1pp/y
Slide 60: While maintaining premium margins
While maintaining premium margins Everpure vs. next nearest competitor product gross margin (Non-GAAP) across NAND supply cycles* Product GM % premium to next nearest competitor (Avg. Q1 FY17–Q2 FY27) 66% next nearest competitor 55% Q1 FY17 Q2 FY27 ■ Inflationary (NAND price rising) ■ Deflationary (
Slide 61: Value premium driven by differentiated software
Value premium driven by differentiated software 2-5x* Less power and space 10x vs existing hard disk systems >10x More reliable Driving >10-30x fewer service visits customer outcomes NPS score 84 5-10x Less labor to operate Automation-driven cloud operating model Products are never obsolete Always-i
Slide 62: We will track our progress in the core and new markets
We will track our progress in the core and new markets Core + Core AI New Revenue Includes revenue from Core products on an Includes (on an aggregated basis): aggregated basis: • Scale AI: EXA Solutions for Neoclouds • FlashArray • Modern Data Software: • FlashBlade • Portworx, Pure Protect, Everpur
Slide 63: Total Addressable Market
Total Addressable Market $207B $9B 18%+ CAGR $22B 26%+ CAGR Scale AI 22%+ CAGR $97B Modern Data Software $108B Hyperscale Solutions $5B $9B Core & Core AI Historical TAM $44B $50B 12%+ CAGR $79B ~9%+ $51B Historical CAGR Previous 2026 2030E Note: Worldwide market excluding China, CY2026 and CY2030,
Slide 64: Serviceable Addressable Market
Serviceable Addressable Market $69B 55%+ CAGR $5B $7B Scale AI 31%+ CAGR Modern Data Software $22B $34B 26%+ CAGR Hyperscale Solutions $1B $2B Core & Core AI $9B 12%+ CAGR $34B $22B 2026 2030E Note: Worldwide market excluding China, CY2026 and CY2030, product revenue basis. All figures are Everpure
Slide 65: FY28 – Preliminary revenue growth outlook
FY28 – Preliminary revenue growth outlook Total Revenue 38-41% $7.0B - $7.3B 39% – 45% YoY FY26-FY28E CAGR $5.03B - $5.07B 37% – 38% YoY $3.7B Total Revenue 39-45% Year-on-Year growth FY27E – FY28E FY26 FY27E FY28E Core + Core AI Revenue New Revenue © 2026 Everpure | Financial Analyst Day
Slide 66: FY28 – Preliminary operating income outlook
FY28 – Preliminary operating income outlook* Total Non-GAAP Operating Income 64-73% 18.7% - 18.9% 24.0% - 26.0% FY26-FY28E CAGR 17.3% 7pp to 9pp Margin Expansion $1.7B - $1.9B Total Non-GAAP Operating Income 80-100% 80% - 100% YoY $940M - $960M $635M 48% – 51% YoY Year-on-Year growth FY27E – FY28E F
Slide 67: We are at an inflection point in our company's history
We are at an inflection point in our company’s history 01 02 03 Our foundation is We intend to grow Our long-term solid and our beyond our core and financial profile is performance capture share in new resetting durably is accelerating adjacent markets © 2026 Everpure | Financial Analyst Day
Slide 68: Long-term financial profile FY2027-30
Long-term financial profile FY2027-30 Rule of 40 score Rule of 40 – Durable reset ~60–70 ~50–70 • Revenue growth + Operating Profit margin; a durable growth-and-profitability profile through FY30 ~56–57 FY29E–FY30E Range 24–26% Revenue growth sustaining 18.7–18.9% • Core+Core AI to continue share ga
Slide 69: Capital allocation priorities
Capital allocation priorities 01 02 03 Invest in the core business Strategic M&A Return of excess capital • R&D led investments to maintain • Strengthen position in Core • Continue practice of share our industry lead in the core and New Markets, extending buy-backs to offset SBC dilution: and grow p
Slide 70: Financial Analyst Meeting 2026
Financial Analyst Meeting 2026 © 2026 Everpure | Financial Analyst Day
Slide 71: Q&A
Q&A Charles Giancarlo Chairman and Chief Executive Officer Tarek Robbiati Chief Financial Officer Rob Lee Chief Technology and Growth Officer John “Coz” Colgrove Founder and Chief Visionary Officer Bill Cerreta GM of Hyperscale Prakash Darji General Manager, DDX © 2026 Everpure | Financial Analyst D
Slide 72: © 2026 Everpure | Financial Analyst Day
© 2026 Everpure | Financial Analyst Day
Slide 73: Non-GAAP Reconciliations
Everpure Financial Analyst Meeting Non-GAAP Reconciliations © 2026 Everpure | Financial Analyst Day
Slide 74: Product Gross Profit and Gross Margin (GAAP to Non-GAAP Reconciliation)
Product Gross Profit and Gross Margin (GAAP to Non-GAAP Reconciliation) © 2026 Everpure | Financial Analyst Day
Slide 75: R&D Expense (GAAP to Non-GAAP Reconciliation)
R&D Expense (GAAP to Non-GAAP Reconciliation) ($ in Millions) FY22 FY23 FY24 FY25 FY26 $ (%) $ (%) $ (%) $ (%) $ (%) R&D (GAAP) $ 581.9 26.7 % $ 692.5 25.2 % $ 736.8 26.1 % $ 804.4 25.4 % $ 963.3 26.3 % Less: SBC (142.3) (6.5) % (161.7) (5.9) % (167.3) (6.0) % (201.1) (6.3) % (238.0) (6.5) % Less: P
Slide 76: Operating Income & Margin (GAAP to Non-GAAP Reconciliation)
Operating Income & Margin (GAAP to Non-GAAP Reconciliation) © 2026 Everpure | Financial Analyst Day
Slide 77: Product Revenue Equivalent (GAAP to Non-GAAP Reconciliation)
Product Revenue Equivalent (GAAP to Non-GAAP Reconciliation) ($ in Millions, unaudited) The following table presents a reconciliation of GAAP product revenue growth, year over year, to Product Revenue Equivalent growth, year over year Definition Product Revenue Equivalent ("PRE") is a non-GAAP finan