Hewlett Packard Enterprise HPE Reports $10.7B Revenue Growth
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowHewlett Packard Enterprise (HPE) reported a record Q2 with revenue of $10.7 billion, reflecting a 40% year-over-year growth and an EPS that beat estimates by $0.79. Networking revenue surged over 148%, while the Cloud and AI segment rose 23%. HPE raised its fiscal 2026 revenue growth forecast to a range of 29% to 33%. Conversely, Dell Technologies (DELL) achieved $16.1 billion in AI server revenue, growing 757% year over year, and exceeded EPS expectations at $4.86, leading to a stock price increase of more than 234% year to date.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Hewlett Packard Enterprise (HPE)
Hewlett Packard Enterprise makes servers, storage, and networking gear for businesses.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier HPE news
- HPE (NYSE: HPE) 10-Year Growth: $1,000 Turned into $5,895
- Hewlett Packard Enterprise (HPE) Earnings Beat Estimates, Up 24.3%
- Marvell Technology (MRVL) and Other Stocks Making Moves Premarket
- Hewlett Packard Enterprise (HPE) Shares Surge 26% After Earnings
- Dell (DELL) Stock Surges 15% Ahead of May Earnings Report
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