Trending Now - HPE Surges 30% as Q2 Revenue Exceeds Expectations

WHO:

Techmeme - Hewlett Packard Enterprise Co. (HPE)

WHAT:

CNBC - HPE's earnings per share (EPS) was reported at 79 cents adjusted, compared to the expected 53 cents.

CNBC - Overall Cloud & AI revenue for HPE was $7.71 billion, exceeding the StreetAccount estimate of $6.87 billion.

CNBC - HPE's server revenue was reported at $5.45 billion, surpassing the $4.66 billion expected by analysts.

CNBC - HPE increased its full-year EPS guidance to a range of $3.35 to $3.45, up from a previous range of $2.30 to $2.50.

CNBC - CEO Antonio Neri stated that traditional server bookings are up triple digits and that the company has the biggest backlog it has ever seen.

CNBC - Neri mentioned that industries focused on security are experiencing rapid acceleration for AI on-premises.

Techmeme - HPE reported Q2 revenue of $10.7 billion, a 40% increase year-over-year.

Techmeme - The reported revenue exceeded the estimated $9.74 billion.

Techmeme - Server revenue for HPE increased by 33%.

Techmeme - HPE's stock surged over 30% in after-hours trading following the report.

Bloomberg Markets - HPE provided a full-year profit outlook that topped estimates.

WHEN:

Techmeme - HPE forecasts revenue for fiscal year 2026 and fiscal year 2027 above estimates.

WHY:

Techmeme - HPE cited massive growth in demand as a reason for the revenue increase.

HOW:

Techmeme - HPE's financial performance was driven by increased sales in its server segment.

(UPDATED June 1, 2026 23:27 UTC)

HPE has reported impressive earnings, with an adjusted earnings per share of 79 cents, significantly surpassing the expected 53 cents. The company also exceeded expectations in overall Cloud and AI revenue, bringing in $7.71 billion compared to the anticipated $6.87 billion, and server revenue reached $5.45 billion, well above the $4.66 billion forecasted by analysts. CEO Antonio Neri highlighted that traditional server bookings are up triple digits and noted the largest backlog in the company's history, while industries focused on security are rapidly accelerating their AI on-premises initiatives.

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(UPDATED June 1, 2026 22:02 UTC)

Hewlett Packard Enterprise Co. reported impressive Q2 revenue of $10.7 billion, marking a 40% increase year-over-year and surpassing estimates of $9.74 billion. The company saw a 33% rise in server revenue, which contributed to a stock surge of over 30% in after-hours trading, and it also provided a full-year profit outlook that exceeded expectations. Looking ahead, HPE forecasts revenue for fiscal year 2026 and fiscal year 2027 to be above estimates, driven by massive growth in demand and strong sales in its server segment.