By Unknown
Publication Date: 2026-06-04 06:23:00
Key points
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HPE’s fiscal second quarter revenue increased 40% year over year to a record $10.7 billion.
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New orders for AI systems reached $1.8 billion and the backlog for AI systems grew to $5.9 billion.
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Management raised its full-year outlook above the targets it had set for fiscal 2028.
Actions of Hewlett Packard Company(NYSE: HPE) I’ve been crying. Shares of the enterprise hardware company have nearly doubled over the past month and are up roughly 130% year to date at the time of this writing, far outperforming the S&P 500.
A record quarter reported on June 1 only fueled stock optimism: Revenue rose 40% year over year to $10.7 billion, and non-GAAP (adjusted) Earnings per share more than doubled. The administration also raised its full-year forecast so much that its new fiscal 2026 targets now exceed what it had previously projected for fiscal 2028.
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