By Brian Sozzi
Publication Date: 2026-06-02 13:15:00
Hewlett Packard Enterprise (HPE) is finally being accepted as an AI infrastructure play like rival Dell (DELL).
The analysis: A few days away Dell shares soar 32.6% After a monster quarter and guidance, Hewlett Packard Enterprise is experiencing the same market reaction.
Hewlett Packard Enterprise shares rose 27% in early trading Tuesday following much better-than-expected results and optimistic guidance amid the artificial intelligence infrastructure boom.
Revenue grew 40% year over year to $10.7 billion. Non-GAAP EPS of $0.79 left consensus estimates of $0.53 in the dust.
The engine under the hood here is an insatiable corporate hunger for raw computing power, highlighted by a staggering $1.8 billion in new orders for AI systems that brought the company’s total AI portfolio to $5.9 billion.
Hewlett Packard Enterprise aggressively raised its full-year non-GAAP EPS guidance to a range of $3.35 to $3.45, representing an increase of $1 per share from the previous…