By TradingView
Publication Date: 2026-10-28 15:05:00
Hewlett Packard Enterprise HPE is benefiting from demand for artificial intelligence (AI) workloads across Agentic AI, Enterprise AI, Private Cloud AI, AI fabs and hyperscalers, leading to multiyear revenue growth and record backlogs.
In the third quarter of fiscal 2026, HPE’s Cloud & AI revenues reached $9 billion, up 25% year over year, with a 17% operating margin. Server revenues rose 35%, while traditional server orders increased 75% as customers favored AI-ready configurations and higher-value systems. HPE’s fourth-quarter fiscal 2026 Cloud & AI revenues are expected to grow 60% to 72%.
In the third quarter of fiscal 2026, AI systems orders were $2.4 billion, up more than 30% sequentially, while AI systems backlog rose 14% sequentially to $6.8 billion. Private Cloud AI orders increased triple digits year over year, showing wider adoption of HPE’s on-premises AI factory approach.
HPE was also awarded a $3.5 billion inferencing deal with a hyperscaler customer, adding…