By Avi Kapoor
Publication Date: 2026-03-10 17:36:00
Hewlett Packard Enterprise Co.. (NYSE:HPE) Monday posted better than expected first quarter earnings.
Hewlett Packard reported quarterly earnings of 65 cents per share, beating the consensus estimate of 55 cents, according to data from Benzinga Pro. Quarterly revenue was $9.301 billion, just missing the Street estimate of $9.337 billion and up from $7.85 billion in the same period last year.
“HPE had a strong first quarter, outperforming our networking business and posting one of the most profitable quarters in our history,” said Antonio Neri, president and CEO of HPE.
Hewlett Packard raised its adjusted EPS guidance for fiscal 2026 to between $2.30 and $2.50, versus analysts’ estimate of $2.35, and affirmed its revenue outlook in a range of $40.13 billion to $41.84 billion, versus the estimate of $40.83 billion.
Hewlett Packard shares fell 0.1% to trade at $21.80 on Tuesday.
These analysts made changes to their price targets for Hewlett Packard following the earnings announcement.
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