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

Hewlett Packard Enterprise (NYSE:HPE) updated its fourth quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (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.

Analyst Upgrades and Downgrades

HPE has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on Hewlett Packard Enterprise from $32.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. UBS Group raised their target price on Hewlett Packard Enterprise from $25.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Zacks Research downgraded shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Argus lifted 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, Wall Street Zen raised shares of Hewlett Packard Enterprise from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Twelve equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise presently has an average rating of “Moderate Buy” and an average price target of $69.44.

Hewlett Packard Enterprise Stock Up 1.9%

HPE traded up $0.98 during trading on Wednesday, hitting $51.85. The company had a trading volume of 50,039,786 shares, compared to its average volume of 20,658,324. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. Hewlett Packard Enterprise has a one year low of $19.84 and a one year high of $64.25. The firm’s 50-day moving average price is $49.57 and its 200 day moving average price is $37.25. The company has a market capitalization of $68.66 billion, a PE ratio of 48.46, a PEG ratio of 0.56 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last posted its earnings results on Monday, June 1st. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.54 by $0.25. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the prior year, the business earned ($0.82) earnings per share. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. As a group, equities analysts expect that Hewlett Packard Enterprise will post 2.92 earnings per share for the current year.

Insider Activity at Hewlett Packard Enterprise

In related news, SVP Kirt P. Karros sold 18,785 shares of the company’s stock in a transaction dated 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 accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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: 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.

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently made changes to their positions in the business. CI Investments Inc. grew its holdings in Hewlett Packard Enterprise by 27.9% in the fourth quarter. CI Investments Inc. now owns 13,027 shares of the technology company’s stock worth $313,000 after purchasing an additional 2,838 shares during the period. XXI Wealth LLC purchased a new stake in shares of Hewlett Packard Enterprise during the fourth quarter valued at $305,000. Teza Capital Management LLC purchased a new stake in Hewlett Packard Enterprise during the 2nd quarter valued at $279,000. Summit Financial LLC purchased a new position in Hewlett Packard Enterprise in the fourth quarter worth about $276,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Hewlett Packard Enterprise during the second quarter valued at approximately $266,000. 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.