Hewlett Packard Enterprise (NYSE:HPE) Updates Q3 2026 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) updated its third quarter 2026 earnings guidance on Monday. The company provided earnings per share guidance of 0.880-0.930 for the period, compared to the consensus earnings per share estimate of 0.560. The company issued revenue guidance of $11.5 billion-$12.1 billion, compared to the consensus revenue estimate of $10.8 billion. Hewlett Packard Enterprise also updated its FY 2026 guidance to 3.350-3.450 EPS.

Wall Street Analysts Forecast Growth

HPE has been the subject of a number of recent analyst reports. Bank of America lifted their target price on Hewlett Packard Enterprise from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Morgan Stanley lifted their target price on Hewlett Packard Enterprise from $25.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, May 21st. Wall Street Zen lowered Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Tuesday. Raymond James Financial reaffirmed an “outperform” rating and set a $29.00 target price (down from $30.00) on shares of Hewlett Packard Enterprise in a report on Monday, April 13th. Finally, Truist Financial assumed coverage on Hewlett Packard Enterprise in a report on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus price target of $27.88.

Hewlett Packard Enterprise Stock Up 10.1%

Shares of NYSE HPE opened at $47.37 on Tuesday. Hewlett Packard Enterprise has a 12 month low of $17.02 and a 12 month high of $47.97. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $62.85 billion, a price-to-earnings ratio of -249.32, a PEG ratio of 1.10 and a beta of 1.28. The business has a 50-day moving average of $29.23 and a 200-day moving average of $24.80.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a positive return on equity of 9.93% and a negative net margin of 0.41%.The company had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. During the same quarter in the previous year, the firm earned ($0.82) earnings per share. Hewlett Packard Enterprise’s revenue was up 40.0% on a year-over-year basis. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Sell-side analysts expect that Hewlett Packard Enterprise will post 1.97 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, March 24th were given a $0.1425 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a yield of 1.2%. Hewlett Packard Enterprise’s payout ratio is presently -300.00%.

Insider Buying and Selling

In related news, CEO Antonio F. Neri sold 150,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $26.50, for a total value of $3,975,000.00. Following the completion of the sale, the chief executive officer owned 1,687,329 shares in the company, valued at $44,714,218.50. The trade was a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Fidelma Russo sold 17,001 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $27.97, for a total value of $475,517.97. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 702,402 shares of company stock worth $18,440,171 over the last ninety days. Corporate insiders own 0.44% of the company’s stock.

Hewlett Packard Enterprise News Summary

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

• Positive Sentiment: HPE posted record second-quarter results, beating estimates on both earnings and revenue. Adjusted EPS came in at $0.79 versus $0.54 expected, while revenue reached $10.68 billion, above the $9.78 billion consensus, signaling strong execution and demand. HPE Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: The company pulled forward its long-term financial targets by two years after saying AI data center expansion is boosting demand for its servers and networking gear, reinforcing the growth story behind the stock move. Reuters article on accelerated financial targets
• Positive Sentiment: Management also raised fiscal 2026 and Q3 guidance well above Wall Street expectations, which suggests the AI server demand is not a one-quarter spike but a longer-lasting tailwind. Reuters article on HPE surges 29% as AI infrastructure boom boosts server demand
• Positive Sentiment: Networking revenue reportedly jumped 148%, underscoring broad strength across HPE’s infrastructure portfolio and helping fuel investor enthusiasm. MarketWatch article on networking revenue growth
• Neutral Sentiment: HPE also added Elliott partner Chris Hsu to its board, a governance move that may be seen as supportive of strategy and capital allocation but is not the main driver of the stock today. HPE Names Chris Hsu to Board of Directors

Institutional Trading of Hewlett Packard Enterprise

A number of hedge funds have recently bought and sold shares of the company. First Financial Bankshares Inc lifted its position in Hewlett Packard Enterprise by 4.7% in the 4th quarter. First Financial Bankshares Inc now owns 11,082 shares of the technology company’s stock worth $266,000 after buying an additional 502 shares during the last quarter. TIAA Trust National Association lifted its position in Hewlett Packard Enterprise by 3.5% in the 4th quarter. TIAA Trust National Association now owns 15,171 shares of the technology company’s stock worth $364,000 after buying an additional 511 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Hewlett Packard Enterprise by 1.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 53,607 shares of the technology company’s stock valued at $1,288,000 after purchasing an additional 582 shares during the last quarter. Ingalls & Snyder LLC lifted its position in Hewlett Packard Enterprise by 0.6% in the fourth quarter. Ingalls & Snyder LLC now owns 103,333 shares of the technology company’s stock valued at $2,482,000 after purchasing an additional 636 shares during the last quarter. Finally, Compound Planning Inc. lifted its position in Hewlett Packard Enterprise by 4.0% in the fourth quarter. Compound Planning Inc. now owns 18,505 shares of the technology company’s stock valued at $444,000 after purchasing an additional 705 shares during the last quarter. Institutional investors own 80.78% of the company’s stock.

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.