Hewlett Packard Enterprise HPE Reports $10.7B Revenue Growth

AI Summary

Hewlett Packard Enterprise (HPE) reported a record Q2 with revenue of $10.7 billion, reflecting a 40% year-over-year growth and an EPS that beat estimates by $0.79. Networking revenue surged over 148%, while the Cloud and AI segment rose 23%. HPE raised its fiscal 2026 revenue growth forecast to a range of 29% to 33%. Conversely, Dell Technologies (DELL) achieved $16.1 billion in AI server revenue, growing 757% year over year, and exceeded EPS expectations at $4.86, leading to a stock price increase of more than 234% year to date.