AI all-flash storage
Everpure (formerly Pure Storage)
All-flash data-center storage company. Renamed from Pure Storage to Everpure in March 2026, moving its NYSE ticker from PSTG to P (still listed). Won the industry-first DirectFlash design win at Meta, deploying 1-2 exabytes through FY2026, and licenses Purity and DirectFlash to hyperscalers as a high-margin IP strategy.
P Updated Jul 12, 2026 5 AI consumers· 3 recurring
Per the valuechain.wiki graph, Everpure (formerly Pure Storage) is directly linked to 3 companies (2 supply, 1 revenue relationships) and reaches 61 companies within two hops; the links are backed by 6 dated sources, 1 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · ARR $1.8B (45% subscription)
- Customer concentration · Meta DirectFlash 1-2EB; hyperscaler IP.
- Segments · All-flash storage · DirectFlash IP licensing
Revenue from
- Meta Platforms High confidence
Supplies DirectFlash all-flash storage to Meta (1-2 exabytes, industry-first design win).Confirms EN Blocks & Files Published Aug 29, 2025: Pure Storage hammers revenue guidance as Meta deal boosts bottom line, outlook - hyperscalers · enterprises (storage · IP) High confidence
Licenses Purity/DirectFlash IP to hyperscalers (ARR $1.8B).Confirms EN FinancialContent Published Jan 2, 2026: Pure Storage: the all-flash AI-factory architecture
Pays to
- Kioxia Medium confidence
Sources NAND for all-flash modules from Kioxia and others.Confirms EN FinancialContent Published Jan 2, 2026: Pure Storage: the all-flash AI-factory architecture - SK hynix Medium confidence
Everpure (formerly Pure Storage) co-develops next-gen QLC NAND flash storage with SK hynix (May 2025) — a high-capacity, low-power hyperscaler solution that adds a second axis to its existing NAND source Kioxia, diversifying NAND cost and supply.Confirms KO The Elec (Etnews) Published May 28, 2025: Pure Storage and SK hynix to co-develop next-generation QLC flash storage - manufacturing & R&D (undisclosed) Low confidence
Storage manufacturing and software R&D.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Procter & Gamble | lead2 | +20.5 | -5 | -0.9 | +17.3 | -12.3 | +4.5 |
| Meta Platforms | lead1 | +23.1 | -64.2 | +194.1 | +66 | +13.1 | -6.4 |
| Everpure (formerly Pure Storage) | node | +44 | -17.8 | +33.3 | +72.3 | +9.1 | +48.5 |
| Kioxia | benef1 | · | · | · | · | +1082.1 | +155 |
| SK hynix | benef1 | -0.4 | -25.6 | +53.9 | +48.6 | +361.1 | +81.6 |
| Jusung Engineering | benef2 | +127.9 | -42.6 | +173.3 | -3.1 | +30.7 | +331.2 |
| Global Unichip | benef2 | +21.4 | +67.6 | +99.4 | -13.7 | +101.4 | +122.8 |
| PSK Inc | benef2 | +22.7 | -19.6 | +14.2 | -2.6 | +228.2 | +105.7 |
| SUMCO Corporation | benef2 | -4.3 | -3.9 | +21.3 | -48.1 | +41.7 | +100.6 |
| GlobalWafers | benef2 | +26.9 | -29.9 | +14.3 | -39 | +48.9 | +98.1 |
| Simmtech | benef2 | +119.6 | -34.6 | +12.4 | -63.3 | +392.9 | +94.9 |
| ACM Research | benef2 | +4.9 | -72.9 | +153.4 | -22.7 | +161.3 | +88.7 |
| FormFactor | benef2 | +6.3 | -51.4 | +87.6 | +5.5 | +26.8 | +86.3 |
| Teradyne | benef2 | +36.8 | -46.3 | +24.8 | +16.5 | +54.4 | +84.6 |
| SK Square | benef2 | · | -33.9 | +42.8 | +81.3 | +505.7 | +82.9 |
| Lam Research | benef2 | +53.7 | -40.7 | +88.6 | -6.8 | +139.2 | +80.1 |
| Applied Materials | benef2 | +83.6 | -37.5 | +68 | +1.1 | +59.6 | +77.6 |
| Onto Innovation | benef2 | +112.9 | -32.7 | +124.6 | +9 | -5.3 | +69.8 |
| ASML | benef2 | +64.1 | -30.5 | +39.9 | -7.7 | +55.8 | +61.1 |
| Daeduck Electronics | benef2 | +64.2 | -0.3 | +13.3 | -22.7 | +250.2 | +58.1 |
| ASMPT | benef2 | -29 | -12.4 | +21.8 | -4.8 | +47.6 | +54.5 |
| KLA | benef2 | +68 | -11.2 | +56 | +9.4 | +94.5 | +53.3 |
| Foosung | benef2 | +59.9 | -33.5 | -34.5 | -39.1 | +67.4 | +47.6 |
| KC Tech | benef2 | -24.2 | -6.1 | +57.9 | +5.9 | +56.7 | +45.5 |
| Camtek | benef2 | +110.1 | -52.3 | +215.9 | +18.3 | +31.7 | +37 |
| SCREEN Holdings | benef2 | +40.7 | -13.2 | +220.1 | -24.1 | +84.9 | +33.7 |
| Tokyo Electron (TEL) | benef2 | +40.4 | -14.5 | +89.8 | -4.4 | +61.6 | +30.3 |
| Kokusai Electric | benef2 | · | · | · | -35.4 | +165.3 | +30.1 |
| Advantest | benef2 | +17 | -2.3 | +155.7 | +49.5 | +196 | +29.9 |
| Sumitomo Chemical | benef2 | +19.6 | -9.1 | -27.7 | -2.2 | +43.9 | +28.4 |
| Fujimi Incorporated | benef2 | +64.7 | -1.6 | +40.4 | -24.2 | +28.4 | +23.4 |
| Eugene Technology | benef2 | +28.1 | -45.1 | +64.1 | -12.6 | +202.5 | +23.2 |
| Air Liquide | benef2 | +14.3 | +8.1 | +21.1 | +8.7 | -4.6 | +21.3 |
| ISC | benef2 | +43.2 | +14.2 | +116.5 | -11.9 | +126.8 | +20.8 |
| BESI | benef2 | +33.7 | -6.1 | +121.8 | -9.3 | +35 | +20.3 |
| EO Technics | benef2 | +7.6 | -28.2 | +130.5 | -16.2 | +163.2 | +17.8 |
| ASM International | benef2 | +44.2 | +2.9 | +68.7 | +10.3 | +25.9 | +16.7 |
| Tokyo Ohka Kogyo (TOK) | benef2 | -2.7 | -3 | +63.8 | +4.3 | +111.5 | +14.1 |
| Shin-Etsu Chemical | benef2 | +6.3 | +3.1 | +57.8 | -15.6 | +7.6 | +13.8 |
| Linde | benef2 | +33.4 | -4.4 | +27.7 | +3.2 | +3.2 | +13.1 |
| Nepes | benef2 | -29.5 | -44 | +6.7 | -62.7 | +179.2 | +12.5 |
| Powertech Technology (PTI) | benef2 | +4.8 | -7.5 | +86 | -16 | +128.6 | +11 |
| Merck KGaA (EMD) | benef2 | +42.2 | -0.4 | -19.1 | -2.5 | -12.7 | +10.4 |
| Hanmi Semiconductor | benef2 | +98.5 | -21.7 | +313.1 | +93.7 | +87.9 | +9.3 |
| HPSP | benef2 | · | · | +216.5 | -30.4 | +54.7 | +9.2 |
| Montage Technology | benef2 | -18.2 | -21.8 | -18 | +51.4 | +169 | +3.4 |
| Canon | benef2 | +22.5 | +11.1 | +46.4 | +27 | -3.2 | +0.4 |
| Wonik IPS | benef2 | -19.7 | -19.8 | -0.2 | -25.5 | +408.8 | +0.3 |
| Ebara | benef2 | +58.1 | +2.3 | +76.1 | +41 | +84 | -4.2 |
| Hana Micron | benef2 | +109 | -41 | +143.5 | -52.4 | +269.3 | -7.7 |
| Park Systems | benef2 | +25.1 | +1.6 | +41.6 | +37.3 | +28.9 | -13.5 |
| Disco Corporation | benef2 | -6.6 | +27.7 | +218.5 | +11.6 | +49.6 | -17.3 |
| Uni Test | benef2 | +23.4 | -57.8 | +11.3 | -1.6 | +6.8 | -21.4 |
| Dongjin Semichem | benef2 | +28.1 | -13.7 | +16.1 | -42.8 | +160.1 | -28.1 |
| SFA Semicon | benef2 | -5.8 | -34.1 | +48.7 | -48.7 | +139.8 | -28.4 |
| ENF Technology | benef2 | -32.9 | -23.6 | +1.3 | -16.1 | +204.6 | -28.8 |
| Soulbrain | benef2 | -8.2 | -3.9 | +16.6 | -37.6 | +192.8 | -33.1 |
| Leeno Industrial | benef2 | +21 | -5.3 | +18.3 | +9.5 | +150.1 | -37.1 |
| S&S Tech | benef2 | -17.3 | -5 | +45.8 | -31.2 | +210.8 | -56 |
YTD as of 2026-09-04 · source: Yahoo Finance
Everpure (formerly Pure Storage) operates across AI all-flash storage. Momentum stayed firm and it is +48.5% in 2026. The supply side (avg +118.3%) has moved harder than the stock (+48.5%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is Kioxia (+155%) and the furthest behind is Meta Platforms (-6.4%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Won the industry-first DirectFlash design win at Meta, deploying 1-2 exabytes through FY2026, and licenses Purity and DirectFlash to hyperscalers as a high-margin IP strategy.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 2 · Hold 0 · Sell 1 · Avg. target $87 · Price $99.51 (09-04) · Upside -13%
| Broker | Rating | Target | Published | |
|---|---|---|---|---|
| Oppenheimer · Param Singh | Outperform | $100 | Jun 10, 2026 | Report ↗ |
| J.P. Morgan · Samik Chatterjee | Overweight | $92 | May 28, 2026 | Report ↗ |
| UBS · David Vogt | Sell | $70 | May 28, 2026 | Report ↗ |
J.P. Morgan ($92) and Oppenheimer ($100) stayed bullish in May-June 2026 on AI and hyperscaler storage demand, while UBS kept its Sell with a $70 target, splitting the Street.