HPE jumps 30% after blowout Q2 led by server demand
Hewlett Packard Enterprise posted a blockbuster Q2 with revenue of $10.68 billion (+40% YoY) and adjusted EPS of $0.79, the biggest beat since 2018; server revenue reached $5.45 billion and Cloud & AI totaled $7.71B, helping the company lift full-year FY2026 EPS guidance to $3.35–$3.45 and signaling progress two years ahead of its long-term plan as demand for infrastructure modernization and AI ramps; CEO Antonio Neri highlighted triple-digit growth in traditional server bookings and the biggest backlog ever, and the stock surged about 30%.
