HPE
FY2026 Q2 · Calendar Q2 2026
Hewlett Packard Enterprise Company
HPE delivered a record Q2 FY26, with revenue of $10.7 billion (+40% YoY) and non-GAAP EPS of $0.79 (+108%), beating consensus EPS estimates of $0.535 by roughly 48% and revenue estimates of $9.78 billion by over 9%. The quarter was powered by AI systems orders of $1.8 billion, total orders that more than doubled year-over-year, and a record company backlog. Juniper Networks integration is running ahead of schedule, contributing synergies and cross-portfolio sales momentum. Management raised FY26 EPS guidance to $3.35 to $3.45 and the free cash flow target to at least $3.5 billion, two years ahead of the original plan, while introducing an early FY27 framework. The stock surged roughly 19% on the print but has since given back about 22% of that move, trading at $44.43 versus an analyst consensus target of $69.27. The pullback reflects concerns over supply-chain constraints, DRAM and…
EPS surprise+47.7%
Market move+19.5%
