Overview
- Hewlett Packard Enterprise reported a blockbuster quarter on Monday, June 1, 2026, with $10.68 billion in revenue and $0.79 adjusted earnings per share that beat estimates and sent the stock up about 30% in after‑hours trading.
- The company raised fiscal‑2026 guidance to 29%–33% revenue growth and adjusted EPS of $3.35–$3.45 and said it now expects to achieve earlier multi‑year targets it had planned for 2028.
- At COMPUTEX HPE unveiled a new ProLiant server powered by NVIDIA Vera for agentic AI workloads, with the company saying the system will be available in fall 2026.
- HPE entered the quarter with a $5.0 billion AI Systems backlog and reported massive server demand while the Juniper acquisition drove about 152% reported growth in networking, which now makes up roughly 30% of revenue and more than half of operating profit.
- Management warned memory and NAND shortages remain an execution risk that could limit shipments and raise costs, and analysts note a valuation gap because the average broker price target sits well below the re‑priced share price.