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

Hewlett Packard Enterprise (NYSE:HPE) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.750-3.850 for the period, compared to the consensus 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%

HPE stock traded up $0.98 during midday trading on Wednesday, hitting $51.85. The stock had a trading volume of 60,047,120 shares, compared to its average volume of 20,786,529. The firm has a market cap of $68.66 billion, a PE 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 12-month low of $19.84 and a 12-month high of $64.25. The company’s 50-day moving average price is $49.63 and its 200 day moving average price is $37.46.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $11.97 billion. During the same quarter in the prior year, the company posted $0.44 EPS. The business’s revenue for the quarter 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. On average, equities research analysts predict that Hewlett Packard Enterprise will post 2.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HPE shares. Morgan Stanley upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $71.00 to $69.00 in a research report on Monday, August 10th. Bank of America upped their price objective on shares of Hewlett Packard Enterprise from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Monday. Zacks Research lowered shares of Hewlett Packard Enterprise from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Sanford C. Bernstein raised their target price on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 2nd. Finally, Susquehanna boosted their target price on shares of Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Twelve analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.44.

Insider Buying and Selling

In other news, SVP Kirt P. Karros sold 18,785 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $48.50, for a total value of $911,072.50. The transaction was disclosed in a 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 owned by corporate insiders.

Hewlett Packard Enterprise News Summary

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

Several large investors have recently made changes to their positions in HPE. Headlands Technologies LLC acquired a new stake in shares of Hewlett Packard Enterprise in the second quarter worth $26,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Hewlett Packard Enterprise during the 4th quarter valued at $40,000. DV Equities LLC purchased a new stake in Hewlett Packard Enterprise during the 4th quarter worth $45,000. Quarry LP purchased a new stake in Hewlett Packard Enterprise during the 3rd quarter worth $45,000. Finally, Geneos Wealth Management Inc. increased its holdings in Hewlett Packard Enterprise by 44.7% in 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 and hedge funds own 80.78% of the company’s stock.

Hewlett Packard Enterprise Company Profile

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.