By CJ Haddad
Publication Date: 2026-06-02 14:03:00
Hewlett Packard Enterprise rings the opening bell at the New York Stock Exchange on October 15, 2025.
NYSE
Actions of Hewlett Packard Company rose 25% on Tuesday, approaching its biggest daily gain ever, as the company posted its biggest profit increase since 2018.
The stock is looking to establish a new all-time intraday high.
Demand related to artificial intelligence in its server unit exceeded analyst expectations for second-quarter earnings. HPE reported adjusted earnings per share of 79 cents, versus an expected 53 cents, and overall revenue soared to $10.68 billion versus an expected $9.79 billion.
Revenue from servers alone, a subdivision of its cloud and artificial intelligence unit, amounted to $5.45 billion, beating the $4.66 billion analysts had expected.
Tune in at 11:00 am ET when HPE CEO Antonio Neri joins CNBC TV. Watch in real time on CNBC+ or the CNBC Pro stream.
Chief Executive Antonio Neri called that unit’s revenue growth “exceptional” and told analysts on Monday’s earnings call that agent AI has been a “key driver of…
