Hewlett Packard Enterprise reported fiscal Q2 revenue of $10.7 billion, up 40% year-over-year, and non-GAAP EPS of $0.79, marking its biggest earnings beat since 2018. Shares surged 30% as HPE doubled its AI backlog to $5.9 billion, raised EPS guidance to $3.35–$3.45, and set 2027 revenue growth targets of 8%–12%.
Hewlett Packard Enterprise reported fiscal second-quarter revenue of $10.7 billion, up 40% year-over-year, and non-GAAP EPS of $0.79, marking its largest earnings beat since 2018 with non-GAAP EPS guidance raised by $1 from prior targets.
Shares of HPE jumped approximately 30% in premarket trading, extending gains to eight wins in nine sessions and pushing the stock above $60 for the first time, reflecting investor enthusiasm around its AI infrastructure momentum.
The company lifted full-year non-GAAP EPS guidance to $3.35–$3.45 and raised fiscal 2026 revenue growth targets to 29%–33%, while introducing a fiscal 2027 framework projecting 8%–12% revenue growth and at least $4.5 billion in free cash flow.
HPE reported $1.8 billion in fresh AI systems orders during the quarter, boosting its total AI backlog to $5.9 billion—double the amount from 90 days earlier—and unveiled a 12th Gen ProLiant server powered by Nvidia Vera CPUs, targeting agentic AI workloads this fall.
Finance
