HPE Reports 40% Revenue Growth in AI Networking Sector

AI Summary

Hewlett Packard Enterprise Company (HPE) reported fiscal Q2 revenue of $10.7 billion, marking a 40% year-over-year increase. The networking segment saw particularly strong performance, with revenue of $2.7 billion, up 148.2% year over year, and Data Center Networking revenue surging 233.3% to $320 million. Additionally, Cloud & AI revenue hit $7.7 billion, a rise of 22.9% from the previous year. HPE also revised its fiscal 2026 revenue growth forecast to a range of 29% to 33% and raised its Networking growth outlook to between 72% and 75%, showcasing significant expansion in its business.