By Fiona Craig
Publication Date: 2026-06-02 10:17:00
Hewlett Packard Enterprise (NYSE:HPE) delivered record second-quarter results on Monday, prompting the company to move up its key long-term financial goals by two years as growing investment in AI data centers drives demand for its server and networking solutions.
The strong performance sent HPE shares up about 28% in premarket trading on Tuesday.
Revenue and profits exceeded expectations
The company, which competes with Dell (NYSE:DELL) and Super Micro Computer (NASDAQ:SMCI), reported quarterly revenue of $10.68 billion, representing 40% year-over-year growth and easily beating analysts’ consensus forecast of $9.79 billion.
Adjusted earnings came to 79 cents per share, well above Wall Street expectations of 53 cents per share.
Improved outlook after strong demand
Reflecting continued momentum across its business, HPE increased its fiscal budget…
