On August 11, Everpure rose 6.13% in pre-market trading, trading at $103.19/share, with turnover of $73,600. The rally was driven by the company announcing a second design and supply contract with an undisclosed top-five global hyperscaler, combined with dual analyst upgrades.

The new contract leverages Everpure's advanced software-powered DirectFlash technology to optimize hyperscale storage and is expected to become a significant contributor to revenue starting in fiscal 2028. The first hyperscaler contract was announced in late 2024. Meanwhile, Morgan Stanley upgraded Everpure from Equal-weight to Overweight with a price target raised from $87 to $108, while Susquehanna upgraded from Neutral to Positive with a target lifted from $85 to $120. Both firms noted that approximately two-thirds of revenue growth is driven by volume and market share expansion, with the product portfolio well-positioned to serve hyperscale data center storage demands.

Everpure is scheduled to report fiscal Q2 earnings on August 26 after market close, with consensus expectations of $1.1 billion in revenue and adjusted EPS of $0.58.

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