Hewlett Packard Enterprise reported Q2 revenue of $10.7 billion, up 40%, and adjusted EPS of $0.79, up 108%, driven by record server backlog and doubled AI server orders. The company raised its full-year outlook, accelerated long-term financial targets by two years and said AI-inferencing demand will remain strong through 2027.
HPE posted Q2 revenue of $10.7 billion, up 40%, and adjusted earnings per share of $0.79, a 108% increase that surpassed its prior outlook.
Traditional server orders rose by over 100%, bolstering a record backlog without cancellations as enterprises ramp up on-premises AI-inferencing using CPU-based infrastructure.
Management raised its full-year outlook and accelerated long-term financial targets by two years, forecasting sustained demand for servers and networking products through 2027.
Shares surged more than 35% at open and have climbed over 90% year-to-date, reflecting unprecedented retail investor inflows into HPE ahead of earnings.
