Everpure (P)
Market Price (8/11/2026): $103.56 | Market Cap: $34.3 BilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Everpure (P)
Market Price (8/11/2026): $103.56Market Cap: $34.3 BilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% Megatrend and thematic driversMegatrends include Water Infrastructure. Themes include Water Treatment & Delivery, and Wastewater Management. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns2Y Excs Rtn is -3.2%, 3Y Excs Rtn is -26% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 125x, P/EPrice/Earnings or Price/(Net Income) is 143x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.6% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Megatrend and thematic driversMegatrends include Water Infrastructure. Themes include Water Treatment & Delivery, and Wastewater Management. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -3.2%, 3Y Excs Rtn is -26% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 125x, P/EPrice/Earnings or Price/(Net Income) is 143x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.6% |
Qualitative Assessment
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Everpure (P) stock has gained about 35% since 4/30/2026 because of the following key factors:
1. Everpure reported robust fiscal Q1 2027 financial results, exceeding analyst expectations and raising full-year guidance. The company announced Q1 fiscal 2027 revenue of $1.1 billion, representing a 35% year-over-year increase, which surpassed the consensus estimate of $997.88 million. Earnings per share (EPS) of $0.47 also beat analysts' consensus estimates of $0.40. Following this strong performance, Everpure increased its revenue and operating profit guidance for the full fiscal year 2027.
2. The company significantly expanded its position in AI-driven data storage and secured a new hyperscaler design win. Everpure reinforced its presence in the artificial intelligence (AI) infrastructure market by launching new offerings such as FlashBlade//EXA for AI and high-performance computing, and by introducing its Data-Primacy Architecture for the AI Era. This strategic focus was further validated by a new design win with a second top-five hyperscaler, demonstrating increasing demand for its storage and data management technology in the evolving AI landscape.
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Everpure (P) stock has gained about 35% since 4/30/2026 because of the following key factors:
1. Everpure reported robust fiscal Q1 2027 financial results, exceeding analyst expectations and raising full-year guidance. The company announced Q1 fiscal 2027 revenue of $1.1 billion, representing a 35% year-over-year increase, which surpassed the consensus estimate of $997.88 million. Earnings per share (EPS) of $0.47 also beat analysts' consensus estimates of $0.40. Following this strong performance, Everpure increased its revenue and operating profit guidance for the full fiscal year 2027.
2. The company significantly expanded its position in AI-driven data storage and secured a new hyperscaler design win. Everpure reinforced its presence in the artificial intelligence (AI) infrastructure market by launching new offerings such as FlashBlade//EXA for AI and high-performance computing, and by introducing its Data-Primacy Architecture for the AI Era. This strategic focus was further validated by a new design win with a second top-five hyperscaler, demonstrating increasing demand for its storage and data management technology in the evolving AI landscape.
3. Analysts responded with positive sentiment and multiple price target upgrades. Following the strong Q1 fiscal 2027 results and strategic advancements, several analysts raised their price targets for Everpure. Notably, Susquehanna upgraded the stock from "Neutral" to "Positive" and increased its price target from $85 to $120. Morgan Stanley also upgraded Everpure to "Overweight" with a $108 target. This contributed to a consensus "Moderate Buy" rating with an average price target of $98.30.
4. Everpure maintained a strong financial position characterized by ample cash and robust cash flow generation. The company demonstrated solid financial health with $1.5 billion in cash and investments and minimal long-term debt, reported at approximately $186 million. In fiscal Q1 2027, Everpure generated $180 million in operating cash flow and $112 million in free cash flow, indicating strong liquidity and financial flexibility to support ongoing growth initiatives and strategic investments.
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Stock Movement Drivers
Fundamental Drivers
The 37.1% change in P stock from 4/30/2026 to 8/10/2026 was primarily driven by a 14.3% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8102026 | Change |
|---|---|---|---|
| Stock Price ($) | 71.45 | 97.98 | 37.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,663 | 3,937 | 7.5% |
| Net Income Margin (%) | 5.1% | 5.7% | 11.9% |
| P/E Multiple | 125.5 | 143.4 | 14.3% |
| Shares Outstanding (Mil) | 330 | 331 | -0.2% |
| Cumulative Contribution | 37.1% |
Market Drivers
4/30/2026 to 8/10/2026| Return | Correlation | |
|---|---|---|
| P | 37.1% | |
| Market (SPY) | 7.6% | 50.3% |
| Sector (XLK) | 16.8% | 63.0% |
Fundamental Drivers
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Market Drivers
1/31/2026 to 8/10/2026| Return | Correlation | |
|---|---|---|
| P | ||
| Market (SPY) | 12.0% | 49.3% |
| Sector (XLK) | 29.7% | 62.1% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 8/10/2026| Return | Correlation | |
|---|---|---|
| P | ||
| Market (SPY) | 23.3% | 49.3% |
| Sector (XLK) | 42.4% | 62.1% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2023 to 8/10/2026| Return | Correlation | |
|---|---|---|
| P | ||
| Market (SPY) | 74.8% | 49.3% |
| Sector (XLK) | 112.9% | 62.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| P Return | - | - | - | - | - | 34% | 34% |
| Peers Return | 30% | -13% | 52% | 37% | 9% | 94% | 398% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| P Win Rate | - | - | - | - | - | 60% | |
| Peers Win Rate | 62% | 43% | 65% | 60% | 50% | 65% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| P Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -19% | -37% | -16% | -29% | -39% | -27% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DELL, HPE, NTAP, IBM, NTNX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/10/2026 (YTD)
How Low Can It Go
P has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.0% | -7.8% |
| % Gain to Breakeven | 20.4% | 8.5% |
| Time to Breakeven | 92 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.0% | -9.5% |
| % Gain to Breakeven | 11.2% | 10.5% |
| Time to Breakeven | 15 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
P has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.
| Event | XLK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -25.7% | -18.8% |
| % Gain to Breakeven | 34.5% | 23.1% |
| Time to Breakeven | 65 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -33.1% | -24.5% |
| % Gain to Breakeven | 49.5% | 32.4% |
| Time to Breakeven | 246 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.2% | 50.9% |
| Time to Breakeven | 78 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.8% | -19.2% |
| % Gain to Breakeven | 31.2% | 23.8% |
| Time to Breakeven | 100 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.5% | -53.4% |
| % Gain to Breakeven | 106.2% | 114.4% |
| Time to Breakeven | 797 days | 1085 days |
In The Past
State Street Technology Select Sector SPDR ETF's stock fell -25.7% during the 2025 US Tariff Shock. Such a loss loss requires a 34.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Everpure (P)
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Here are 1-3 brief analogies for Pandora Media, Inc. (symbol: P):
- Spotify for personalized radio stations.
- YouTube for audio, specializing in personalized music and comedy.
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Pandora Media, Inc. (P) primarily serves individuals as the end-users of its core music and comedy streaming platform, while also catering to businesses through its advertising and event services. Its major customer categories include:
- Individual Listeners and Subscribers: These are the core users who access Pandora's personalized music and comedy content. This category includes both users of the free, ad-supported service and subscribers to paid tiers such as Pandora Plus and Pandora Premium.
- Advertisers: Businesses and organizations that purchase audio, display, and video advertising space on Pandora's platform to reach its diverse audience across various connected devices.
- Entertainment Industry Businesses: This category encompasses venues and event promoters who utilize Pandora's specialized ticketing and marketing software and services to promote their events and facilitate ticket sales.
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- Universal Music Group (UMG.AS)
- Sony Corporation (SONY)
- Warner Music Group Corp. (WMG)
- Amazon.com, Inc. (AMZN)
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1. Dominance of comprehensive on-demand music streaming platforms: The emergence and rapid growth of services like Spotify and Apple Music, which offered vast on-demand music libraries alongside advanced personalization features, directly threatened Pandora's core internet radio model. These platforms shifted consumer expectations toward greater control over music selection and a more expansive listening experience, putting pressure on Pandora to adapt its offerings.
2. Deep integration of music services within technology ecosystems: Major technology companies such as Apple, Amazon, and Google leveraged their dominant hardware and software ecosystems (e.g., iPhones, Android devices, smart speakers) to integrate and promote their own music streaming services. This created a significant competitive disadvantage for standalone platforms like Pandora, making it harder to acquire and retain users who increasingly defaulted to pre-installed or seamlessly integrated services within their chosen device ecosystems.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 148.35 |
| Mkt Cap | 56.3 |
| Rev LTM | 22,860 |
| Op Inc LTM | 1,972 |
| FCF LTM | 2,929 |
| FCF 3Y Avg | 1,966 |
| CFO LTM | 4,212 |
| CFO 3Y Avg | 3,246 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.4% |
| Rev Chg 3Y Avg | 11.5% |
| Rev Chg Q | 23.9% |
| QoQ Delta Rev Chg LTM | 5.4% |
| Op Inc Chg LTM | 41.0% |
| Op Inc Chg 3Y Avg | 21.4% |
| Op Mgn LTM | 8.0% |
| Op Mgn 3Y Avg | 7.0% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | 20.6% |
| CFO/Rev 3Y Avg | 22.3% |
| FCF/Rev LTM | 16.1% |
| FCF/Rev 3Y Avg | 17.5% |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.19 | 3.13 | 2.83 | -0.94 | -0.45 | -0.07 |
| Up Beta | 7.55 | 4.17 | 2.39 | 2.49 | -1.31 | 0.54 |
| Down Beta | 0.58 | 2.44 | 2.01 | 0.05 | -0.56 | 0.07 |
| Up Capture | 266% | 363% | 398% | 191% | 85% | 8% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 21 | 33 | 40 | 40 | 40 |
| Down Capture | 270% | 260% | 270% | 142% | 94% | 53% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 22 | 30 | 32 | 32 | 32 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with P | |
|---|---|---|---|---|
| P | 46.5% | 71.7% | 2.01 | - |
| Sector ETF (XLK) | 42.3% | 25.9% | 1.32 | 62.1% |
| Equity (SPY) | 23.4% | 12.8% | 1.37 | 49.3% |
| Gold (GLD) | 28.7% | 28.4% | 0.88 | 26.3% |
| Commodities (DBC) | 37.2% | 20.1% | 1.46 | 8.1% |
| Real Estate (VNQ) | 12.4% | 13.8% | 0.60 | -35.3% |
| Bitcoin (BTCUSD) | -44.9% | 43.0% | -1.27 | 30.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with P | |
|---|---|---|---|---|
| P | 7.9% | 71.7% | 2.01 | - |
| Sector ETF (XLK) | 20.4% | 25.8% | 0.70 | 62.1% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 49.3% |
| Gold (GLD) | 18.9% | 18.6% | 0.83 | 26.3% |
| Commodities (DBC) | 9.2% | 19.6% | 0.36 | 8.1% |
| Real Estate (VNQ) | 2.1% | 18.9% | 0.01 | -35.3% |
| Bitcoin (BTCUSD) | 10.6% | 52.9% | 0.39 | 30.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with P | |
|---|---|---|---|---|
| P | 3.9% | 71.7% | 2.01 | - |
| Sector ETF (XLK) | 24.4% | 24.9% | 0.89 | 62.1% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 49.3% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 26.3% |
| Commodities (DBC) | 7.7% | 18.1% | 0.34 | 8.1% |
| Real Estate (VNQ) | 4.6% | 20.7% | 0.18 | -35.3% |
| Bitcoin (BTCUSD) | 58.3% | 66.2% | 0.98 | 30.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/27/2026 | -14.8% | -5.7% | -19.3% |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 1 | 1 | 1 |
| Median Positive | |||
| Median Negative | -14.8% | -5.7% | -19.3% |
| Max Positive | |||
| Max Negative | -14.8% | -5.7% | -19.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/27/2026 | -14.8% | -5.7% | -19.3% |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 1 | 1 | 1 |
| Median Positive | |||
| Median Negative | -14.8% | -5.7% | -19.3% |
| Max Positive | |||
| Max Negative | -14.8% | -5.7% | -19.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/05/2026 | 10-Q |
| 01/31/2026 | 03/25/2026 | 10-K |
| 10/31/2025 | 12/10/2025 | 10-Q |
| 07/31/2025 | 09/10/2025 | 10-Q |
| 04/30/2025 | 06/11/2025 | 10-Q |
| 01/31/2025 | 03/27/2025 | 10-K |
| 10/31/2024 | 12/12/2024 | 10-Q |
| 07/31/2024 | 09/11/2024 | 10-Q |
| 04/30/2024 | 06/13/2024 | 10-Q |
| 01/31/2024 | 04/01/2024 | 10-K |
| 10/31/2023 | 12/15/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 06/16/2023 | 10-Q |
| 01/31/2023 | 04/03/2023 | 10-K |
| 10/31/2022 | 12/15/2022 | 10-Q |
| 07/31/2022 | 09/15/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 04/30/2026 | 06/05/2026 | 10-Q |
| 01/31/2026 | 03/25/2026 | 10-K |
| 10/31/2025 | 12/10/2025 | 10-Q |
| 07/31/2025 | 09/10/2025 | 10-Q |
| 04/30/2025 | 06/11/2025 | 10-Q |
| 01/31/2025 | 03/27/2025 | 10-K |
| 10/31/2024 | 12/12/2024 | 10-Q |
| 07/31/2024 | 09/11/2024 | 10-Q |
| 04/30/2024 | 06/13/2024 | 10-Q |
| 01/31/2024 | 04/01/2024 | 10-K |
| 10/31/2023 | 12/15/2023 | 10-Q |
| 07/31/2023 | 09/14/2023 | 10-Q |
| 04/30/2023 | 06/16/2023 | 10-Q |
| 01/31/2023 | 04/03/2023 | 10-K |
| 10/31/2022 | 12/15/2022 | 10-Q |
| 07/31/2022 | 09/15/2022 | 10-Q |
| 04/30/2022 | 06/16/2022 | 10-Q |
| 01/31/2022 | 04/07/2022 | 10-K |
| 10/31/2021 | 12/07/2021 | 10-Q |
| 07/31/2021 | 09/08/2021 | 10-Q |
| 04/30/2021 | 06/08/2021 | 10-Q |
| 01/31/2021 | 03/25/2021 | 10-K |
| 10/31/2020 | 12/09/2020 | 10-Q |
| 07/31/2020 | 09/11/2020 | 10-Q |
| 04/30/2020 | 06/11/2020 | 10-Q |
| 01/31/2020 | 03/27/2020 | 10-K |
| 10/31/2019 | 12/09/2019 | 10-Q |
| 07/31/2019 | 08/30/2019 | 10-Q |
Recent Forward Guidance
Updated 7/27/2026Latest: Q1 2027 Earnings Reported 5/27/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2027 Revenue | 1.09 Bil | 1.10 Bil | 1.10 Bil | ||||
| Q2 2027 Revenue YoY Growth Rate | 27.0% | 27.5% | 28.0% | ||||
| Q2 2027 Non-GAAP Operating Income | 195.00 Mil | 200.00 Mil | 205.00 Mil | ||||
| Q2 2027 Non-GAAP Operating Income YoY Growth Rate | 50.0% | 54.0% | 58.0% | ||||
| 2027 Revenue | 4.41 Bil | 4.46 Bil | 4.51 Bil | 2.5% | Raised | Guidance: 4.35 Bil for 2027 | |
| 2027 Revenue YoY Growth Rate | 20.0% | 21.5% | 23.0% | 3.0% | Raised | Guidance: 18.5% for 2027 | |
| 2027 Non-GAAP Operating Income | 820.00 Mil | 840.00 Mil | 860.00 Mil | 5.0% | Raised | Guidance: 800.00 Mil for 2027 | |
| 2027 Non-GAAP Operating Income YoY Growth Rate | 29.0% | 32.5% | 36.0% | 6.5% | Raised | Guidance: 26.0% for 2027 | |
Prior: Q4 2026 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Revenue | 990.00 Mil | 1.00 Bil | 1.01 Bil | -2.9% | Lower New | Actual: 1.03 Bil for Q4 2026 | |
| Q1 2027 Revenue YoY Growth Rate | 27.0% | 28.5% | 30.0% | 11.4% | Higher New | Actual: 17.05% for Q4 2026 | |
| Q1 2027 Non-GAAP Operating Income | 125.00 Mil | 130.00 Mil | 135.00 Mil | -42.2% | Lower New | Actual: 225.00 Mil for Q4 2026 | |
| Q1 2027 Non-GAAP Operating Income YoY Growth Rate | 51.0% | 57.0% | 63.0% | 10.0% | Higher New | Actual: 46.95% for Q4 2026 | |
| 2027 Revenue | 4.30 Bil | 4.35 Bil | 4.40 Bil | 19.7% | Higher New | Actual: 3.63 Bil for 2026 | |
| 2027 Revenue YoY Growth Rate | 17.0% | 18.5% | 20.0% | 3.8% | Higher New | Actual: 14.7% for 2026 | |
| 2027 Non-GAAP Operating Income | 780.00 Mil | 800.00 Mil | 820.00 Mil | 26.2% | Higher New | Actual: 634.00 Mil for 2026 | |
| 2027 Non-GAAP Operating Income YoY Growth Rate | 23.0% | 26.0% | 29.0% | 12.7% | Higher New | Actual: 13.3% for 2026 | |
Q3 2026 Earnings Reported 12/2/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | 1.02 Bil | 1.03 Bil | 1.04 Bil | ||||
| Q4 2026 Revenue Growth | 16.5% | 17.05% | 17.6% | ||||
| Q4 2026 Operating Income | 220.00 Mil | 225.00 Mil | 230.00 Mil | ||||
| Q4 2026 Non-GAAP Operating Income Growth | 43.7% | 46.95% | 50.2% | ||||
| 2026 Revenue | 3.63 Bil | 3.63 Bil | 3.64 Bil | 0.6% | Raised | Guidance: 3.62 Bil for 2026 | |
| 2026 Revenue Growth | 14.5% | 14.7% | 14.9% | 0.7% | Raised | Guidance: 14.0% for 2026 | |
| 2026 Operating Income | 629.00 Mil | 634.00 Mil | 639.00 Mil | 3.1% | Raised | Guidance: 615.00 Mil for 2026 | |
| 2026 Non-GAAP Operating Income Growth | 12.4% | 13.3% | 14.2% | 3.4% | Raised | Guidance: 9.95% for 2026 | |
Insider Activity
Updated 8/6/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8062026 | 85.66 | 89,720 | Form | ||
| 2 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 7142026 | 79.82 | 100,000 | 7,982,329 | 204,746,739 | Form |
| 3 | Giancarlo, Charles H | CEO | Direct | Sell | 7132026 | 80.68 | 70,000 | 5,647,773 | 135,514,044 | Form |
| 4 | Giancarlo, Charles H | CEO | Direct | Sell | 7132026 | 80.05 | 65,800 | 5,267,290 | 140,055,240 | Form |
| 5 | Taylor, Susan JS | Direct | Sell | 7132026 | 81.74 | 8,543 | 698,305 | 7,733,258 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8062026 | 85.66 | 89,720 | Form | ||
| 2 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 7142026 | 79.82 | 100,000 | 7,982,329 | 204,746,739 | Form |
| 3 | Giancarlo, Charles H | CEO | Direct | Sell | 7132026 | 80.68 | 70,000 | 5,647,773 | 135,514,044 | Form |
| 4 | Giancarlo, Charles H | CEO | Direct | Sell | 7132026 | 80.05 | 65,800 | 5,267,290 | 140,055,240 | Form |
| 5 | Taylor, Susan JS | Direct | Sell | 7132026 | 81.74 | 8,543 | 698,305 | 7,733,258 | Form | |
| 6 | Singh, Ajay | Chief Product Officer | Direct | Sell | 7102026 | 78.12 | 9,787 | 764,560 | 26,634,155 | Form |
| 7 | Giancarlo, Charles H | CEO | Direct | Sell | 7022026 | 80.01 | 4,200 | 336,042 | 145,249,914 | Form |
| 8 | Brown, Andrew William Fraser | Direct | Sell | 6292026 | 72.57 | 4,735 | 343,619 | 2,008,955 | Form | |
| 9 | Yen, Mallun | Direct | Sell | 6242026 | 76.90 | 4,735 | 364,122 | 3,328,309 | Form | |
| 10 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 6122026 | 71.04 | 99,900 | 7,096,769 | 185,766,288 | Form |
| 11 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 6122026 | 70.00 | 100 | 7,000 | 186,543,000 | Form |
| 12 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 6042026 | 85.32 | 10,280 | Form | ||
| 13 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 5132026 | 84.04 | 100,000 | Form | ||
| 14 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 5132026 | 87.82 | 100,000 | 8,781,933 | 234,038,511 | Form |
| 15 | Giancarlo, Charles H | CEO | Direct | Sell | 5132026 | 87.66 | 580,000 | 50,845,327 | 162,146,889 | Form |
| 16 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 5072026 | 75.31 | 29,108 | 2,192,123 | 35,222,035 | Form |
| 17 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 5072026 | 75.01 | 27,578 | 2,068,626 | 37,265,118 | Form |
| 18 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 5072026 | 75.12 | 77,579 | 5,827,734 | 39,391,426 | Form |
| 19 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 4282026 | 70.01 | 28,935 | Form | ||
| 20 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 4232026 | 70.06 | 71,959 | 5,041,367 | 2,027,154 | Form |
| 21 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 4232026 | 70.50 | 82,266 | 5,799,879 | 4,718,456 | Form |
| 22 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 4232026 | 70.06 | 16,840 | 1,179,810 | 6,613,033 | Form |
| 23 | Murphy, John Francis | Direct | Sell | 1062026 | 68.89 | 4,038 | 278,178 | 1,079,369 | Form | |
| 24 | Singh, Ajay | Chief Product Officer | Direct | Sell | 12232025 | 67.14 | 7,178 | 481,931 | 14,441,210 | Form |
| 25 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 12092025 | 71.31 | 100,000 | Form | ||
| 26 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 11122025 | 91.59 | 100,000 | 9,158,935 | 9,158,935 | Form |
| 27 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 10162025 | 92.49 | 100,000 | 9,248,931 | 18,497,863 | Form |
| 28 | Chu, Mona | Chief Accounting Officer | Direct | Sell | 10012025 | 84.91 | 9,091 | 771,917 | 9,115,343 | Form |
| 29 | Singh, Ajay | Chief Product Officer | Direct | Sell | 9262025 | 85.85 | 7,014 | 602,152 | 19,686,006 | Form |
| 30 | Chu, Mona | Chief Accounting Officer | Direct | Sell | 9232025 | 88.08 | 5,155 | 454,052 | 10,256,388 | Form |
| 31 | Fitzsimons, Dan | Chief Revenue Officer | Direct | Sell | 9232025 | 87.42 | 6,051 | 528,978 | 5,486,392 | Form |
| 32 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 9222025 | 87.33 | 100,000 | 8,733,094 | 26,199,282 | Form |
| 33 | Chu, Mona | Chief Accounting Officer | Direct | Sell | 9172025 | 84.39 | 12,299 | 1,037,913 | 10,683,774 | Form |
| 34 | Singh, Ajay | Chief Product Officer | Direct | Sell | 9122025 | 82.38 | 18,280 | 1,505,906 | 20,033,580 | Form |
| 35 | Taylor, Roxanne | Direct | Sell | 9052025 | 76.93 | 3,000 | 230,790 | 1,257,267 | Form | |
| 36 | Chu, Mona | Chief Accounting Officer | Direct | Sell | 9042025 | 76.51 | 17,500 | 1,338,925 | 10,627,162 | Form |
| 37 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8282025 | 60.08 | 95,300 | 5,725,624 | 24,032,000 | Form |
| 38 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 8282025 | 60.01 | 4,700 | 282,047 | 29,722,953 | Form |
| 39 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 7312025 | 60.32 | 34,824 | 2,100,581 | 42,342,106 | Form |
| 40 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 7312025 | 60.32 | 163,925 | 9,887,942 | 30,159,957 | Form |
| 41 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 7312025 | 60.02 | 60,672 | 3,641,533 | 44,221,716 | Form |
| 42 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 7312025 | 60.02 | 127,068 | 7,626,621 | 39,848,778 | Form |
| 43 | Colgrove, John | Chief Visionary Officer | Trust | Sell | 7312025 | 60.09 | 4,504 | 270,645 | 47,919,071 | Form |
| 44 | Colgrove, John | Chief Visionary Officer | CRT | Sell | 7312025 | 60.09 | 9,007 | 541,231 | 47,530,769 | Form |
Investor Activity (13F)
Updated Aug 11, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
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