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

Hewlett Packard Enterprise (NYSE:HPE) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 3.750-3.850 for the period, compared to the consensus earnings per share estimate of 3.340. The company issued revenue guidance of $46.0 billion-$47.0 billion, compared to the consensus revenue estimate of $45.1 billion. Hewlett Packard Enterprise also updated its Q4 2026 guidance to 1.200-1.300 EPS.

Hewlett Packard Enterprise Trading Up 1.9%

NYSE HPE traded up $0.98 during mid-day trading on Wednesday, hitting $51.85. The company’s stock had a trading volume of 60,047,120 shares, compared to its average volume of 20,786,529. 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. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.75. Hewlett Packard Enterprise has a 52-week low of $19.84 and a 52-week high of $64.25. The stock’s fifty day simple moving average is $49.63 and its two-hundred day simple moving average is $37.46.

Hewlett Packard Enterprise (NYSE:HPE) last issued its earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.18. Hewlett Packard Enterprise had a return on equity of 11.91% and a net margin of 3.94%.The company had revenue of $12.21 billion during the quarter, compared to the consensus estimate of $11.97 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s revenue was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. Research analysts expect that Hewlett Packard Enterprise will post 2.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on HPE shares. Argus increased their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Loop Capital raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $75.00 in a research report on Tuesday, June 2nd. Citigroup upped their target price on shares of Hewlett Packard Enterprise from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Hewlett Packard Enterprise from $37.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Barclays lifted their price target on Hewlett Packard Enterprise from $28.00 to $67.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Hewlett Packard Enterprise currently has an average rating of “Moderate Buy” and a consensus target price of $69.44.

Insiders Place Their Bets

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 shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is currently owned by insiders.

Key Stories Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: Q3 results exceeded expectations: HPE reported adjusted earnings of $1.11 per share, up from $0.44 a year earlier and above the roughly $0.93-$0.95 consensus estimate. Revenue reached $12.21 billion, topping the $11.97 billion forecast. Hewlett Packard Enterprise Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Raised outlook: Fourth-quarter EPS guidance of $1.20-$1.30 and revenue guidance of $13.9-$14.8 billion were well above analyst estimates of $1.04 and $13.0 billion, respectively. HPE also raised its full-year forecasts and long-term growth targets. HPE raises annual forecasts as AI and networking demand lifts quarterly revenue
• Positive Sentiment: AI demand is driving growth: Strong customer demand for AI servers, networking equipment and related infrastructure lifted revenue across HPE’s business and helped produce more than a fivefold increase in quarterly profit. HPE Boosts Outlook as AI Demand Drives Surge in Third-Quarter Profit
• Positive Sentiment: Oracle partnership expands: HPE will deploy Juniper Networking solutions and provide support and financing capabilities for Oracle’s gigawatt-scale AI data centers, creating a potential source of future infrastructure demand. HPE and Oracle Deepen Networking Collaboration
• Neutral Sentiment: Positive sector sentiment: Dell Technologies’ strong AI order backlog and raised outlook boosted confidence in enterprise hardware stocks ahead of HPE’s results. Deutsche Bank also initiated coverage with a Buy rating and a $62 price target. Dell AI backlog boosts hardware peers
• Negative Sentiment: High expectations limited the reaction: Despite the earnings and guidance beats, HPE shares wavered and briefly moved lower as investors focused on whether the company can sustain its rapid AI-infrastructure growth and meet elevated valuation expectations. HPE shares slide despite strong Q3 and raised guidance

Institutional Investors Weigh In On Hewlett Packard Enterprise

A number of hedge funds have recently made changes to their positions in HPE. Headlands Technologies LLC bought a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth about $26,000. IFC & Insurance Marketing Inc. bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $40,000. DV Equities LLC bought a new position in shares of Hewlett Packard Enterprise in the fourth quarter valued at approximately $45,000. Quarry LP acquired a new position in shares of Hewlett Packard Enterprise during the third quarter valued at approximately $45,000. Finally, Geneos Wealth Management Inc. boosted its stake in Hewlett Packard Enterprise by 44.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock valued at $69,000 after purchasing an additional 1,377 shares in 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.