Overview

• Hewlett Packard Enterprise reported third-quarter revenue of about $9.14 billion, beating consensus, with earnings of $0.44 per share ahead of estimates.
• Server revenue rose 16% to $4.9 billion and networking jumped 54% to $1.7 billion, aided by Nvidia-powered AI systems and early contributions from the Juniper business.
• The company guided fourth-quarter revenue to $9.7 billion–$10.1 billion and lifted full-year targets to $34.34 billion–$34.94 billion in revenue and $1.88–$1.92 in adjusted EPS.
• HPE closed its $14 billion Juniper Networks acquisition on July 2 under DOJ terms that include divesting the Instant On WLAN unit and licensing Mist AI software.
• Governance updates included adding Robert Calderoni to the board and reaching a working arrangement with activist Elliott Investment Management, as shares ticked higher after hours.