Hewlett Packard Enterprise (NYSE:HPE) Issues Earnings Results, Beats Estimates By $0.18 EPS

Hewlett Packard Enterprise (NYSE:HPE) issued its earnings results on Wednesday. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18, FiscalAI reports. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The business had revenue of $12.21 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Hewlett Packard Enterprise updated its Q4 2026 guidance to 1.200-1.300 EPS.

Hewlett Packard Enterprise Stock Up 1.9%

NYSE:HPE traded up $0.98 during trading hours on Wednesday, reaching $51.85. 57,682,133 shares of the company traded hands, compared to its average volume of 20,760,555. The business’s 50-day moving average price is $49.57 and its two-hundred day moving average price is $37.25. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise has a 1 year low of $19.84 and a 1 year high of $64.25. The stock has a market capitalization of $68.66 billion, a P/E ratio of 48.46, a P/E/G ratio of 0.56 and a beta of 1.43.

Hewlett Packard Enterprise News Summary

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: HPE reported fiscal third-quarter adjusted EPS of $1.11, exceeding analysts’ $0.93 consensus, while revenue of $12.21 billion topped expectations of $11.97 billion. Management cited record revenue, orders, and profitability. HPE Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: The company raised its outlook, forecasting fourth-quarter EPS of $1.20–$1.30 versus the $1.04 consensus and revenue of $13.9–$14.8 billion versus expectations of $13.0 billion. HPE also lifted its annual forecasts. HPE raises annual forecasts as AI, networking demand lifts quarterly revenue
• Positive Sentiment: Strong AI-related demand for servers and networking equipment drove growth across HPE’s business segments and contributed to a more-than-fivefold increase in quarterly profit. Management raised long-term growth targets, reinforcing the view that AI could be a multiyear growth driver. HPE Boosts Outlook as AI Demand Drives Surge in Third-Quarter Profit
• Positive Sentiment: HPE expanded its collaboration with Oracle to deploy Juniper Networking routing and switching platforms across Oracle’s AI data centers, potentially strengthening its position in large-scale AI infrastructure. HPE and Oracle Deepen Networking Collaboration
• Positive Sentiment: Favorable results from Dell, including a record AI order backlog, improved sentiment across enterprise hardware stocks and provided a positive read-through for HPE ahead of its report. Dell Surges on Record AI Backlog
• Neutral Sentiment: Deutsche Bank initiated coverage with a Buy rating and a $62 price target, adding analyst support, although HPE’s valuation and the sustainability of AI-related demand remain important considerations for investors.

Insider Transactions at Hewlett Packard Enterprise

In other news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by insiders.

Institutional Trading of Hewlett Packard Enterprise

Institutional investors have recently made changes to their positions in the business. Armistice Capital LLC purchased a new stake in Hewlett Packard Enterprise in the 3rd quarter worth approximately $236,000. Nicolet Advisory Services LLC acquired a new position in Hewlett Packard Enterprise in the third quarter valued at approximately $235,000. Summit Securities Group LLC boosted its stake in Hewlett Packard Enterprise by 327.1% during the 4th quarter. Summit Securities Group LLC now owns 9,660 shares of the technology company’s stock valued at $232,000 after purchasing an additional 7,398 shares during the period. Wellspring Financial Advisors LLC acquired a new stake in Hewlett Packard Enterprise in the fourth quarter worth about $231,000. Finally, Verity Asset Management Inc. bought a new stake in shares of Hewlett Packard Enterprise in the 3rd quarter worth $229,000. Institutional investors and hedge funds own 80.78% of the company’s stock.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research analyst reports. UBS Group boosted their price target on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. The Goldman Sachs Group boosted their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Morgan Stanley upgraded shares of Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $71.00 to $69.00 in a research report on Monday, August 10th. Wells Fargo & Company lifted their price target on shares of Hewlett Packard Enterprise from $26.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. Finally, Raymond James Financial boosted their target price on Hewlett Packard Enterprise from $29.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $69.44.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.