HPE Hewlett Packard Enterprise Co
Price Chart
Executive Summary
HPE reported a record fiscal Q2 2026 with revenue of $10.7B (+40% YoY), GAAP EPS of $0.44 (well above the $0.09-$0.13 outlook range), and non-GAAP EPS of $0.79 (above the $0.51-$0.55 outlook). The company raised its full-year FY26 non-GAAP EPS guidance to $3.35-$3.45 and introduced a FY27 growth framework. Additionally, Elliott Investment Management partner Chris Hsu was appointed to the board under an amended cooperation agreement, and the H3C divestiture closed with $1.357B in proceeds. For the preferred stock (HPE-PC), the massive operational outperformance and credit-positive guidance raise are strongly bullish, as they significantly improve the coverage and safety of the preferred dividend.
Key Financial Metrics
Actionable Insight
The massive guidance raise and FY27 framework signal sustained operational momentum well ahead of the FY28 plan. For the preferred, the credit profile has materially improved — monitor for any potential redemption or tender announcement given the strong cash position and H3C proceeds.
Key Facts
- Revenue of $10.7B, up 40% YoY, a record for HPE
- GAAP diluted EPS of $0.44 vs outlook of $0.09-$0.13
- Non-GAAP diluted EPS of $0.79 vs outlook of $0.51-$0.55
- FY26 non-GAAP EPS guidance raised to $3.35-$3.45 (previously $2.30-$2.50)
- FY26 free cash flow guidance raised to at least $3.5B (from at least $2.0B)
- FY27 framework introduced: revenue growth 8%-12%, non-GAAP EPS growth 12%-16%, FCF at least $4.5B
- H3C divestiture completed on May 28, 2026, with $1.357B in cash proceeds
- Elliott partner Chris Hsu appointed to HPE's Board of Directors
- Quarterly dividend of $0.1425 per common share declared
- Cloud AI segment revenue grew 22.9% YoY with operating margin expanding to 12.4% from 6.6%
Financial Impact
Record revenue of $10.7B (+40% YoY), GAAP EPS $0.44 vs $0.09-$0.13 outlook, FY26 non-GAAP EPS guidance raised to $3.35-$3.45, FCF guidance raised to at least $3.5B
Risk Factors
- Networking segment operating margin declined YoY (21.6% vs 25.0%) despite revenue growth
- Inventory increased to $9.0B from $6.4B at year-end, potentially signaling demand normalization
- Integration risks from Juniper acquisition remain, though synergies are tracking ahead of plan
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001645590-26-000052 |
| Exhibit: ex-992x612026x8k.htm | 0001645590-26-000052 |
| Document: hpe-20260601.htm | 0001645590-26-000052 |
| Document: 0001645590-26-000052-index-headers.html | 0001645590-26-000052 |
| Document: 0001645590-26-000052-index.html | 0001645590-26-000052 |
| Document: 0001645590-26-000052.txt | 0001645590-26-000052 |
| 8-K Data (Synthetic) | 0001645590-26-000052 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 3, 2026
11d ago
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144
| $138.52 $126.54 | ▼ −8.65% | ▼ −6.05% | $48.17 (−65.23%) |
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Jun 1, 2026
13d ago
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8-K
| $143.80 $141.33 | ▼ −1.72% | ▼ −1.00% | $48.17 (−66.50%) |
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May 14, 2026
4w ago
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8-K
| $88.70 $86.20 | ▼ −2.82% | ▼ −1.59% | $48.17 (−45.69%) |
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May 5, 2026
5w ago
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144
| $81.09 $79.49 | ▼ −1.97% | ▼ −1.64% | $48.17 (−40.60%) |
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May 5, 2026
5w ago
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Insider Cluster
| $30.02 $30.35 | ▲ +1.10% | ▼ −0.29% | $48.17 (+60.47%) |
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Apr 17, 2026
8w ago
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Insider Cluster
| $26.43 $27.81 | ▲ +5.23% | ▲ +5.42% | $48.17 (+82.26%) |
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Apr 3, 2026
10w ago
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8-K
| $66.89 $67.35 | ▲ +0.69% | ▲ +0.63% | $48.17 (−27.99%) |
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Mar 11, 2026
13w ago
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DEFA14A
| $21.58 $21.58 | · 0.00% | ▲ +0.60% | $48.17 (+123.24%) |
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Feb 28, 2026
15w ago
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Institutional Cluster
| $22.13 $21.64 | ▼ −2.21% | ▼ −1.30% | $48.17 (+117.68%) |
US Market Status
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