Hewlett Packard Enterprise (NYSE:HPE) Updates Q2 2026 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) updated its second quarter 2026 earnings guidance on Monday. The company provided earnings per share guidance of 0.510-0.550 for the period, compared to the consensus earnings per share estimate of 0.490. The company issued revenue guidance of $9.6 billion-$10.0 billion, compared to the consensus revenue estimate of $9.6 billion. Hewlett Packard Enterprise also updated its FY 2026 guidance to 2.300-2.500 EPS.

Hewlett Packard Enterprise Trading Up 3.3%

Shares of HPE stock traded up $0.69 on Monday, hitting $21.82. 32,766,820 shares of the stock traded hands, compared to its average volume of 17,138,963. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.76 and a current ratio of 1.01. Hewlett Packard Enterprise has a twelve month low of $11.97 and a twelve month high of $26.44. The firm’s 50-day moving average price is $22.16 and its two-hundred day moving average price is $23.09. The stock has a market capitalization of $28.99 billion, a PE ratio of -363.61, a PEG ratio of 0.58 and a beta of 1.31.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings data on Monday, March 9th. The technology company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.05. Hewlett Packard Enterprise had a net margin of 0.17% and a return on equity of 9.15%. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Hewlett Packard Enterprise has set its FY 2026 guidance at 2.300-2.500 EPS and its Q2 2026 guidance at 0.510-0.550 EPS. As a group, analysts anticipate that Hewlett Packard Enterprise will post 1.85 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on HPE shares. Argus raised their price target on shares of Hewlett Packard Enterprise from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Citigroup lowered their price objective on Hewlett Packard Enterprise from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Morgan Stanley cut their target price on Hewlett Packard Enterprise from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. The Goldman Sachs Group started coverage on Hewlett Packard Enterprise in a research report on Tuesday, January 13th. They issued a “buy” rating and a $31.00 target price on the stock. Finally, Zacks Research raised Hewlett Packard Enterprise from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $25.29.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Jeremy Cox sold 50,061 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $23.70, for a total transaction of $1,186,445.70. Following the completion of the transaction, the senior vice president owned 26,905 shares of the company’s stock, valued at approximately $637,648.50. This trade represents a 65.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Fidelma Russo sold 126,512 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $24.61, for a total transaction of $3,113,460.32. Following the completion of the sale, the executive vice president owned 51,002 shares of the company’s stock, valued at $1,255,159.22. This trade represents a 71.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 471,861 shares of company stock worth $11,605,705. 0.44% of the stock is owned by company insiders.

Key Headlines Impacting Hewlett Packard Enterprise

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

• Positive Sentiment: HPE raised FY‑2026 guidance (EPS 2.30–2.50 vs. consensus ~2.19) and issued a revenue range ($40.1B–$41.8B) that sits above/around Street expectations — a clear catalyst for upside revision to earnings models and buy‑side sentiment. Read More.
• Positive Sentiment: Q2 FY‑2026 guidance topped EPS estimates (0.510–0.550 vs. ~0.49) and HPE forecast Q2 revenue at the high end of Street expectations ($9.6B–$10.0B), driven by demand for AI servers using NVIDIA chips — supports near‑term revenue visibility. Read More.
• Positive Sentiment: Operational strength in networking: management highlighted networking sales nearly tripled to ~$2.7B and strong data‑center networking growth, which is boosting margins and profitability. This validates progress from the Juniper integration and AI‑networking pushes. Read More.
• Neutral Sentiment: Q1 EPS beat ($0.65 vs. $0.60 est), but revenue was essentially flat to estimates ($9.30B vs. $9.31B) — good beat on profit metrics but topline a wash, so upside depends on follow‑through in bookings and FY guidance realization. Read More.
• Neutral Sentiment: Strategic progress: expanded AI‑native networking and deeper Juniper integration showcased at MWC — important for long‑term secular growth but will take time to convert fully into recurring revenue. Read More.
• Negative Sentiment: Profitability and valuation caveats remain: reported net margin is very thin (0.17%) and the P/E metric is negative on trailing basis — investors may remain cautious until margin expansion is sustained and guidance is met. Read More.

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several hedge funds have recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in Hewlett Packard Enterprise by 317.3% in the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after acquiring an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of 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 during the last quarter. Brown Advisory Inc. raised its holdings in shares of Hewlett Packard Enterprise by 4.4% in the 2nd quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock valued at $482,000 after purchasing an additional 996 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Hewlett Packard Enterprise by 25.8% in the 2nd quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock valued at $320,000 after purchasing an additional 3,215 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Hewlett Packard Enterprise during the 2nd quarter worth $207,000. Institutional investors and hedge funds 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.