Hewlett Packard Enterprise Q1 Revenue Climbs 18.4% to $9.3B, EPS Beats Forecast
Hewlett Packard Enterprise’s Q1 revenue rose 18.4% year over year to $9.3 billion with non-GAAP EPS up 32.7% to $0.65, topping forecasts, while shares trade 18.4% below a $26.44 52-week high and sit 9.6% lower over three months. Management forecasts Q2 revenue of $9.6–10 billion and EPS of $0.51–0.55.
1. Fiscal 2026 First-Quarter Results
Hewlett Packard Enterprise reported fiscal 2026 Q1 revenue of $9.3 billion, up 18.4% year over year, and non-GAAP EPS of $0.65, a 32.7% increase, both surpassing forecasts. Strong demand for servers, hybrid cloud and networking products, disciplined cost controls and faster-than-expected synergies from Juniper and Catalyst integrations drove the quarter’s outperformance.
2. Share Price Trends and Technical Indicators
HPE shares currently trade 18.4% below their 52-week high of $26.44 reached in October 2025 and have fallen 9.6% over the past three months compared with a 3.9% decline in the Dow. The stock has traded below its 50-day moving average of $21.99 and its 200-day moving average of $22.07 since February, indicating near-term resistance.
3. Guidance for Second Quarter
Management forecasts fiscal Q2 revenue between $9.6 billion and $10 billion and non-GAAP diluted EPS of $0.51–0.55, reflecting confidence in sustained infrastructure demand and continued integration efficiencies.