Hewlett Packard Enterprise reports $10.7B revenue, $0.79 EPS, and lifts full-year guidance amid AI infrastructure demand.
Hewlett Packard Enterprise (HPE) shares jumped 27% in early trading after reporting stronger-than-expected earnings and revenue, driven by surging demand for AI infrastructure. Revenue rose 40% year-over-year to $10.7 billion, while non-GAAP EPS of $0.79 surpassed consensus estimates of $0.53.
The company’s AI systems orders reached $1.8 billion, pushing its total AI backlog to $5.9 billion. HPE raised its full-year non-GAAP EPS guidance to a range of $3.35 to $3.45, up $1 from prior targets, and outlined a fiscal 2027 framework with 8% to 12% revenue growth.
Analysts praised the results, citing robust AI compute demand and networking momentum as key drivers. The stock’s rally follows a similar 32.6% surge in Dell (DELL) shares after its recent earnings report.