Keep pulling the thread on Robbiati.
Hyperscalers are projected to spend a cumulative total of approximately $3 trillion on CapEx over the next three years.
Robbiati predicts the supply-demand imbalance for technology components will not ease before the first half of calendar year 2027.
The cost of NAND flash memory increased by 600% to 800% at the end of the last calendar year.
Everpure achieved 35% top-line revenue growth by prioritizing market share over short-term profitability.
Robbiati believes the current high demand for AI infrastructure is a sustainable 'supercycle' rather than a temporary buildout.
Higher demand for flash storage has increased prices, benefiting public companies such as SanDisk, Western Digital, and Micron.
The estimated $3 trillion in hyperscaler CapEx spending over the next three years does not include spending from AI companies like Anthropic and OpenAI.
Neo-cloud providers such as CoreWeave and Crusoe are also contributing to the high demand for AI infrastructure.
Components subject to price inflation account for only about 17% of Everpure's total revenue.
Everpure implemented more gradual and smaller price increases compared to its competitors in response to rising component costs.
Everpure is intentionally operating at a 65.5% product gross margin, which is at the low end of its historical 65% to 70% range.
In its most recent fiscal year, Everpure's subscription revenue has grown to represent more than 46% of its total revenue.