Hewlett Packard Enterprise Company · HPE · Next earnings

Hewlett Packard Enterprise Company reports Thursday, Dec 3, 2026

HPE reports after market close with consensus EPS at $1.27 and revenue at $14.34B. Last quarter: HPE Q2 FY26: Revenue Up 40% as AI Orders Double, Guidance Raised Sharply

Reports After market close74 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $1.27 Calendar consensus
Consensus revenue $14.34B Calendar consensus
Report date Dec 3, 2026 Thursday, date estimated
Session After market close 74 days away

Where HPE left off: FY2026 Q2

Full report

HPE Q2 FY26: Revenue Up 40% as AI Orders Double, Guidance Raised Sharply

EPS surprise +47.7% Reported $0.79 vs $0.54
Revenue surprise +9.2% Reported $10.68B vs $9.78B
Stock move +19.5% Event window
Subsequent drift -21.7% Up to 20 sessions

FY26 non-GAAP EPS guidance raised to $3.35 to $3.45, up over 40% from the prior outlook. Free cash flow target increased to at least $3.5 billion, achieved two years ahead of the original long-term plan. An early FY27 framework was provided, signaling management confidence in continued momentum. Networking growth and Cloud and AI revenue trajectory remain key drivers of the raised outlook.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Supply-chain constraints and component price inflation (DRAM, NAND) could limit order conversion.
  • Inventory buildup and slower cash conversion cycle tied to AI systems deliveries.
  • Potential slowdown in enterprise IT budgets due to macro-economic pressures.
  • Risk that AI-driven demand pull-through does not materialize fully in subsequent quarters.
  • Higher pricing could pressure demand elasticity in later periods.

Questions analysts left open

  • Sustainability of enterprise budgets amid ongoing price inflation.
  • Supply availability for key components and its impact on order conversion.
  • Margin outlook given persistent commodity cost pressures.
  • Depth of AI systems profitability and conversion timing.
  • Extent of cross-portfolio sales and integration benefits from Juniper.

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Recent HPE quarters

All HPE earnings
+19.5%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.