By Proactive
Publication Date: 2026-06-02 14:54:00
Hewlett Packard Enterprise Co (NYSE:HPE, XETRA:2HP) Shares rose about 25% on Tuesday after the company reported fiscal second-quarter results that beat expectations and significantly raised its full-year outlook, driven by strong demand for artificial intelligence infrastructure, servers and networking products.
For the quarter ending April 30, 2026, HPE reported revenue of $10.68 billion, up 40% from a year ago and ahead of analyst estimates of around $9.78 billion.
Adjusted earnings per share were $0.79, well above consensus expectations of about $0.53.
The company said the results were driven by widespread demand across its business, including a 32.7% increase in server revenue as companies continued to invest in artificial intelligence and infrastructure modernization.
Antonio Neri, CEO of HPE, said customers continued to invest in modernizing infrastructure and scaling AI deployments.
“HPE achieved an exceptional quarter with record revenue,…