Hewlett Packard Enterprise (NYSE:HPE) Issues Q4 2026 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) updated its fourth quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.200-1.300 for the period, compared to the consensus earnings per share estimate of 1.040. The company issued revenue guidance of $13.9 billion-$14.8 billion, compared to the consensus revenue estimate of $13.0 billion.

Hewlett Packard Enterprise Stock Up 1.9%

Shares of HPE stock traded up $0.98 during mid-day trading on Wednesday, hitting $51.85. The stock had a trading volume of 50,039,786 shares, compared to its average volume of 20,658,324. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. The firm’s 50-day moving average is $49.57 and its two-hundred day moving average is $37.25. Hewlett Packard Enterprise has a 12-month low of $19.84 and a 12-month high of $64.25. The firm has a market capitalization of $68.66 billion, a P/E ratio of 48.46, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The business had revenue of $10.68 billion for the quarter, compared to analysts’ expectations of $9.78 billion. During the same period last year, the business earned ($0.82) EPS. The company’s revenue was up 40.0% compared to the same quarter last year. On average, analysts predict that Hewlett Packard Enterprise will post 2.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HPE has been the topic of several analyst reports. Barclays raised their target price on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Loop Capital upgraded shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $75.00 in a research report on Tuesday, June 2nd. UBS Group raised their price objective on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Argus raised their price target on Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Truist Financial reiterated a “buy” rating and issued a $69.00 price objective (up from $31.00) on shares of Hewlett Packard Enterprise in a research note on Tuesday, June 2nd. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and a consensus price target of $69.44.

Insider Activity

In other Hewlett Packard Enterprise news, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.44% of the company’s stock.

Key Headlines Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: AI-sector read-through lifted HPE: Dell Technologies reported a record $95 billion AI backlog and raised its full-year outlook, sending its shares sharply higher and boosting sentiment toward enterprise hardware peers, including HPE. The results reinforced expectations that demand for AI servers and related infrastructure remains strong. Dell Surges 9% on Record $95B AI Backlog
• Positive Sentiment: Earnings expectations improved: Analysts expect HPE to report fiscal third-quarter earnings of approximately $0.93 per share after the market close. Several analysts have revised forecasts ahead of the report, creating a near-term catalyst for the stock. HPE Likely to Report Higher Q3 Earnings
• Positive Sentiment: Analyst support: Deutsche Bank initiated coverage with a Buy rating and a $62 price target, implying meaningful upside from recent trading levels. Unusual options activity ahead of earnings also indicated elevated bullish interest, although options positioning is not a guarantee of future performance. Deutsche Bank Initiates HPE Coverage
• Positive Sentiment: Customer partnership expanded: HPE and Tottenham Hotspur announced an expanded partnership to modernize stadium networking, hybrid-cloud systems, ticketing, payments and fan-facing digital services. The announcement supports HPE’s enterprise technology credentials but is unlikely to materially affect near-term earnings. Tottenham Hotspur and HPE Expand Partnership
• Neutral Sentiment: Valuation debate continues: Recent comparisons with AMD and Snowflake frame HPE as a potentially more value- and income-oriented enterprise technology investment, but also highlight that investors are weighing its valuation and growth prospects against faster-growing AI and semiconductor companies. HPE Versus AMD Value Comparison
• Negative Sentiment: Earnings volatility remains a risk: The recent advance has increased focus on whether HPE can meet elevated expectations. Any weaker-than-expected outlook, AI-server demand, margins or guidance could prompt profit-taking after the earnings release.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Large investors have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Hewlett Packard Enterprise in the 4th quarter valued at $433,537,000. Amundi raised its holdings in shares of Hewlett Packard Enterprise by 63.1% during the fourth quarter. Amundi now owns 11,514,029 shares of the technology company’s stock worth $276,567,000 after acquiring an additional 4,454,568 shares during the period. Renaissance Technologies LLC acquired a new position in Hewlett Packard Enterprise during the fourth quarter worth $93,654,000. Arrowstreet Capital Limited Partnership raised its position in Hewlett Packard Enterprise by 475.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,551,715 shares of the technology company’s stock worth $87,230,000 after acquiring an additional 2,933,972 shares in the last quarter. Finally, Hawk Ridge Capital Management LP acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter worth approximately $66,612,000. 80.78% of the stock is currently owned by institutional investors.

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.