Overview

• Hewlett Packard Enterprise reported Q3 revenue of about $9.14 billion versus $8.53 billion expected and adjusted earnings of 44 cents per share versus 43 cents forecast.
• Server revenue rose 16% to $4.9 billion and networking revenue jumped 54% to $1.7 billion, supported by AI-optimized servers using Nvidia GPUs.
• The company lifted its full-year outlook to 14%–16% revenue growth from 7%–9% previously and now targets adjusted EPS of $1.88 to $1.92 and revenue of $34.34 billion to $34.94 billion.
• HPE guided Q4 revenue to a range of $9.7 billion to $10.1 billion, above Wall Street’s estimate of $9.54 billion.
• HPE closed its $14 billion acquisition of Juniper Networks in July, expanding its AI-driven networking business as CEO Antonio Neri highlighted broad-based demand across the portfolio.