Analyst Consensus ?
ConsensusHold39 ratings
Bullish1846.1%
Neutral2051.3%
Bearish12.6%
Hewlett Packard Enterprise Company · HPE · FY2025 Q2 · Calendar Q2 2025
HPE: AI and storage demand lifted results as margin recovery remained key
The supplied analysis supports a constructive operating read: AI systems, hybrid-cloud storage and GreenLake demand improved the quarter, while raised EPS guidance strengthened the near-term trajectory. The thesis remains conditional on server-margin recovery, AI inventory execution and Juniper transaction delivery.
Reported After market closeNYSETechnology
$91.83B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.38
Consensus $0.35
EPS surprise
+9.7%
Reported versus consensus
Reported revenue
$7.63B
Consensus $7.49B
Revenue surprise
+1.9%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+0.8%
Event window
SPY move
-0.0%
Same window
Abnormal move
+0.9%
Stock minus SPY
Volume
2.8×
Versus trailing sessions
Subsequent drift
+19.6%
Up to 20 sessions
HPESPY benchmark
Ask FN2 about HPE FY2025 Q2
Transcript, numbers and history already loaded
Why did HPE rise 0.8% after beating EPS estimates in FY2025 Q2?What changed in HPE's guidance and outlook in FY2025 Q2?Give me the bull and bear case for HPE after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, management's guidance sentiment moved from maintained to raised, with reported momentum continuing in AI systems, storage and GreenLake. The analysis also emphasized progress toward server-margin recovery and further defined the Juniper and private-cloud priorities.
Guidance delta
Management raised the low end of its EPS outlook by $0.08 and tightened revenue guidance to 7–9% year over year.
Key takeaways
- AI systems, Alletra MP storage and GreenLake subscriptions were identified as leading sources of upside.
- Management said server-margin improvement actions were on track toward a 10% operating margin by Q4.
- The Juniper Networks transaction, Catalyst cost program and private-cloud portfolio remain important execution priorities.
Management priorities
- Improve server operating margin toward 10% by Q4.
- Scale GreenLake, Alletra MP and the Morpheus and VM Essentials private-cloud portfolio.
- Finalize the Juniper Networks transaction and execute Catalyst efficiency initiatives.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$69.33Current
$13Low
$51.17Average
$86High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Oct 1, 2026 |
| UBS | Neutral | Neutral | Maintain | Oct 1, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 1, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 1, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Oct 1, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 1, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 1, 2026 |
| Argus Research | Buy | Buy | Maintain | Sep 4, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Sep 3, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Sep 3, 2026 |
| Deutsche Bank | Buy | Buy | Maintain | Sep 1, 2026 |
| B of A Securities | Buy | Buy | Maintain | Aug 31, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 3, 2026 |
| Susquehanna | Neutral | Neutral | Maintain | Jun 2, 2026 |
| Loop Capital | Buy | Hold | Upgrade | Jun 2, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jun 2, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Jun 2, 2026 |
| BWG Global | Positive | Mixed | Upgrade | Nov 24, 2025 |
| Stifel | Buy | Buy | Maintain | Dec 6, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 30, 2023 |
| Jefferies | Buy | Buy | Maintain | Apr 20, 2021 |
| Oppenheimer | Outperform | Outperform | Maintain | May 22, 2020 |
| RBC Capital | Perform | Sector Perform | Maintain | Apr 22, 2020 |
| Nomura | Neutral | Neutral | Maintain | Mar 23, 2020 |
| CFRA | Hold | Hold | Maintain | Mar 4, 2020 |
| Bank of America | Buy | Underperform | Upgrade | Oct 21, 2019 |
| Longbow Research | Neutral | Neutral | Maintain | Jun 21, 2019 |
| Maxim Group | Hold | Hold | Maintain | Dec 6, 2018 |
| BMO Capital | Market Perform | Market Perform | Maintain | Aug 29, 2018 |
| Pivotal Research | Hold | Hold | Maintain | Oct 17, 2017 |
| Tigress Financial | Neutral | Neutral | Maintain | Apr 17, 2017 |
| Berenberg | Hold | Hold | Maintain | Apr 4, 2017 |
| Argus | Hold | Hold | Maintain | Feb 28, 2017 |
| Guggenheim | Neutral | Neutral | Maintain | Jan 4, 2017 |
| CLSA | Underperform | Underperform | Maintain | Oct 14, 2016 |
| Macquarie | Outperform | Neutral | Upgrade | Mar 21, 2016 |
| Baird | Neutral | Neutral | Maintain | Nov 20, 2015 |
| Brean Capital | Hold | Hold | Maintain | Nov 6, 2015 |
| Mizuho | Neutral | Neutral | Maintain | Nov 3, 2015 |
Named analyst price targets
Upside is calculated against the persisted current price $69.33. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Susquehanna | Analyst unavailable | $70 | $68.57 | +1.0% | Oct 2, 2026 |
| Daiwa | Analyst unavailable | $75 | $64.62 | +8.2% | Oct 1, 2026 |
| Truist Financial | Analyst unavailable | $75 | $61.82 | +8.2% | Oct 1, 2026 |
| UBS | Analyst unavailable | $66 | $61.93 | -4.8% | Oct 1, 2026 |
| Morgan Stanley | Erik Woodring | $72 | $61.93 | +3.9% | Oct 1, 2026 |
| Evercore ISI | Analyst unavailable | $67 | $63.89 | -3.4% | Oct 1, 2026 |
| Barclays | Analyst unavailable | $83 | $63.89 | +19.7% | Oct 1, 2026 |
| Wells Fargo | Aaron Rakers | $63 | $63.89 | -9.1% | Sep 30, 2026 |
| Truist Financial | Analyst unavailable | $70 | $48.4 | +1.0% | Sep 3, 2026 |
| Morgan Stanley | Analyst unavailable | $67 | $48.59 | -3.4% | Sep 3, 2026 |
| Evercore ISI | Analyst unavailable | $65 | $49.12 | -6.2% | Sep 3, 2026 |
| UBS | David Vogt | $59 | $51.86 | -14.9% | Sep 3, 2026 |
| Piper Sandler | James Fish | $57 | $51.86 | -17.8% | Sep 3, 2026 |
| Barclays | Tim Long | $79 | $51.86 | +13.9% | Sep 3, 2026 |
| Wells Fargo | Aaron Rakers | $54 | $51.86 | -22.1% | Sep 3, 2026 |
| Raymond James | Simon Leopold | $86 | $51.86 | +24.0% | Sep 3, 2026 |
| Goldman Sachs | Katherine Murphy | $75 | $51.86 | +8.2% | Sep 3, 2026 |
| Deutsche Bank | Gianmarco Conti | $68 | $51.86 | -1.9% | Sep 3, 2026 |
| Deutsche Bank | Analyst unavailable | $62 | $52.25 | -10.6% | Aug 31, 2026 |
| Morgan Stanley | Analyst unavailable | $69 | $53.22 | -0.5% | Aug 10, 2026 |
| Argus Research | Jim Kelleher | $70 | $53.29 | +1.0% | Jun 3, 2026 |
| Goldman Sachs | Analyst unavailable | $79 | $56.14 | +13.9% | Jun 3, 2026 |
| Bernstein | Analyst unavailable | $62 | $59.23 | -10.6% | Jun 2, 2026 |
| UBS | David Vogt | $65 | $59.3 | -6.2% | Jun 2, 2026 |
| Susquehanna | Analyst unavailable | $65 | $58.45 | -6.2% | Jun 2, 2026 |
| KeyBanc | Analyst unavailable | $62 | $58.34 | -10.6% | Jun 2, 2026 |
| Piper Sandler | Analyst unavailable | $63 | $47.06 | -9.1% | Jun 2, 2026 |
| Wells Fargo | Analyst unavailable | $67 | $47.06 | -3.4% | Jun 2, 2026 |
| Barclays | Tim Long | $67 | $47.06 | -3.4% | Jun 2, 2026 |
| Loop Capital Markets | Ananda Baruah | $75 | $47.06 | +8.2% | Jun 2, 2026 |
| RBC Capital | Analyst unavailable | $70 | $47.06 | +1.0% | Jun 2, 2026 |
| Morgan Stanley | Erik Woodring | $71 | $47.06 | +2.4% | Jun 2, 2026 |
| Raymond James | Simon Leopold | $74 | $47.06 | +6.7% | Jun 2, 2026 |
| Truist Financial | Matthew Niknam | $69 | $47.06 | -0.5% | Jun 2, 2026 |
| Evercore ISI | Analyst unavailable | $80 | $47.06 | +15.4% | Jun 2, 2026 |
| Morgan Stanley | Erik Woodring | $33 | $33.8 | -52.4% | May 21, 2026 |
| Bernstein | Analyst unavailable | $35 | $32.62 | -49.5% | May 20, 2026 |
| Evercore ISI | Analyst unavailable | $40 | $33.83 | -42.3% | May 14, 2026 |
| Evercore ISI | Analyst unavailable | $30 | $25.07 | -56.7% | Mar 26, 2026 |
| Morgan Stanley | Erik Woodring | $23 | $21.68 | -66.8% | Feb 18, 2026 |
| Goldman Sachs | Analyst unavailable | $31 | $22.11 | -55.3% | Jan 13, 2026 |
| Argus Research | Analyst unavailable | $30 | $24.59 | -56.7% | Dec 10, 2025 |
| Barclays | Tim Long | $28 | $22.9 | -59.6% | Dec 5, 2025 |
| Raymond James | Simon Leopold | $31 | $22.9 | -55.3% | Dec 5, 2025 |
| Truist Financial | Analyst unavailable | $28 | $21.9 | -59.6% | Dec 1, 2025 |
| Piper Sandler | Analyst unavailable | $24 | $23.27 | -65.4% | Oct 21, 2025 |
| UBS | Analyst unavailable | $25 | $25.04 | -63.9% | Oct 16, 2025 |
| Goldman Sachs | Analyst unavailable | $27 | $24.93 | -61.1% | Oct 1, 2025 |
| Susquehanna | Mehdi Hosseini | $21 | $23.16 | -69.7% | Sep 4, 2025 |
| Raymond James | Analyst unavailable | $23 | $15.81 | -66.8% | Mar 7, 2025 |
| Morgan Stanley | Analyst unavailable | $24 | $15.81 | -65.4% | Mar 7, 2025 |
| Wells Fargo | Analyst unavailable | $17 | $15.81 | -75.5% | Mar 7, 2025 |
| Deutsche Bank | Matt Niknam | $25 | $21.92 | -63.9% | Dec 19, 2024 |
| Loop Capital Markets | Ananda Baruah | $24 | $23.64 | -65.4% | Dec 9, 2024 |
| Raymond James | Simon Leopold | $29 | $17.34 | -58.2% | Nov 18, 2024 |
| Deutsche Bank | Matt Niknam | $22 | $20.97 | -68.3% | Oct 9, 2024 |
| Barclays | Tim Long | $24 | $18.88 | -65.4% | Sep 25, 2024 |
| Citigroup | Asiya Merchant | $20 | $18.83 | -71.2% | Sep 23, 2024 |
| Bank of America Securities | Wamsi Mohan | $24 | $17.23 | -65.4% | Sep 17, 2024 |
| Stifel Nicolaus | Matthew Sheerin | $22 | $17.8 | -68.3% | Sep 5, 2024 |
| Argus Research | Jim Kelleher | $26 | $19.59 | -62.5% | Jun 7, 2024 |
| UBS | David Vogt | $17 | $19.48 | -75.5% | Jun 5, 2024 |
| Susquehanna | Mehdi Hosseini | $20 | $20.11 | -71.2% | Jun 5, 2024 |
| Wells Fargo | Aaron Rakers | $22 | $17.6 | -68.3% | Jun 5, 2024 |
| Evercore ISI | Amit Daryanani | $22 | $17.6 | -68.3% | Jun 5, 2024 |
| Wells Fargo | Aaron Rakers | $19 | $17.14 | -72.6% | Apr 17, 2024 |
| Morgan Stanley | Meta Marshall | $16 | $15.26 | -76.9% | Feb 16, 2024 |
| Citigroup | Asiya Merchant | $18 | $15.76 | -74.0% | Nov 27, 2023 |
| Susquehanna | Mehdi Hosseini | $16 | $14.52 | -76.9% | May 31, 2023 |
| J.P. Morgan | Analyst unavailable | $20 | $15.58 | -71.2% | Dec 20, 2022 |
| Citigroup | Analyst unavailable | $13 | $16.7 | -81.2% | Dec 1, 2022 |
| Morgan Stanley | Analyst unavailable | $13 | $15.74 | -81.2% | Nov 30, 2022 |
| Barclays | Analyst unavailable | $18 | $15.46 | -74.0% | Nov 30, 2022 |
| Deutsche Bank | Analyst unavailable | $15 | $13.66 | -78.4% | Aug 31, 2022 |
| Morgan Stanley | Analyst unavailable | $14 | $13.66 | -79.8% | Aug 31, 2022 |
| J.P. Morgan | Analyst unavailable | $16 | $12.82 | -76.9% | Jul 14, 2022 |
| Evercore ISI | Analyst unavailable | $18 | $13.79 | -74.0% | Jun 28, 2022 |
| Raymond James | Simon Leopold | $19 | $13.42 | -72.6% | Jun 21, 2022 |
| Deutsche Bank | Sidney Ho | $16 | $13.72 | -76.9% | Jun 14, 2022 |
| Citigroup | Analyst unavailable | $13.5 | $14.58 | -80.5% | Jun 2, 2022 |
| Raymond James | Analyst unavailable | $20 | $15.78 | -71.2% | Jun 2, 2022 |
| Barclays | Analyst unavailable | $19 | $15.78 | -72.6% | Jun 2, 2022 |
| J.P. Morgan | Analyst unavailable | $18 | $14.91 | -74.0% | May 25, 2022 |
| Jefferies | Kyle McNealy | $20 | $15.52 | -71.2% | Apr 18, 2022 |
| Morgan Stanley | Meta Marshall | $15 | $15.38 | -78.4% | Apr 16, 2022 |
| Loop Capital Markets | Ananda Baruah | $16 | $16.55 | -76.9% | Mar 13, 2022 |
| Bernstein | Toni Sacconaghi | $20 | $16.99 | -71.2% | Mar 2, 2022 |
| Barclays | Tim Long | $20 | $16.83 | -71.2% | Jan 4, 2022 |
| Bank of America Securities | Wamsi Mohan | $19 | $14 | -72.6% | Dec 1, 2021 |
| Raymond James | Simon Leopold | $21 | $14 | -69.7% | Dec 1, 2021 |
| Goldman Sachs | Rod Hall | $14 | $15.7 | -79.8% | Nov 11, 2021 |
| Wells Fargo | Aaron Rakers | $20 | $15.12 | -71.2% | Sep 3, 2021 |
| Deutsche Bank | Sidney Ho | $18 | $15.04 | -74.0% | Sep 2, 2021 |
| Stifel Nicolaus | Matthew Sheerin | $20 | $15.58 | -71.2% | Jun 2, 2021 |
Track every rating change on HPE the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHewlett Packard Enterprise (HPE) is a global technology firm that provides comprehensive solutions, empowering clients across the Americas, Europe, the Middle East, Africa, Asia Pacific, and Japan to efficiently capture, analyze, and utilize their data. The company's diverse product range features adaptable servers for various computing demands, including general-purpose, workload-optimized, and specific lines like HPE ProLiant rack and tower servers, HPE BladeSystem, and HPE Synergy. HPE also offers a full suite of storage solutions, from traditional tape and storage networking to advanced disk products such as HPE Modular Storage Arrays and HPE XP. Additionally, its portfolio includes specialized high-performance computing (HPC) offerings like HPE Apollo and Cray, alongside critical infrastructure platforms such as HPE Superdome Flex, HPE Nonstop, HPE Integrity, and HPE Edgeline.…
Historical context
All HPE earningsTechnology peers this season
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|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the HPE recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:22.444131+00:00
- Polygon adjusted daily market bars · 2026-10-03T10:46:08.554829+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-03T10:46:08.551991+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-03. For educational purposes only; not investment advice.