By Zacks Equity Research
Publication Date: 2026-06-03 12:06:00
Hewlett Packard Company HPE used its fiscal second-quarter call to make a broader point than just a bump and raise. Management argued that demand is holding up across networks, servers and AI systems, and that the strength of backorders gives it enough confidence to outline fiscal 2027 targets as well.
The topline numbers for the quarter were strong, but more important were management’s outlook for the coming periods. Executives said the Juniper integration, Catalyst savings and AI-related demand are moving faster than expected.
HPE says demand is not recovering
President and CEO Antonio Neri said customer orders more than doubled and exceeded revenue by a wide margin, leaving HPE with a record order book. He raised it as evidence that current growth is not being boosted in future quarters.
Neri told investors that business customers continue to spend despite the costs of the inflation component. He said HPE has seen no order withdrawals or cancellations…
