Hewlett Packard Enterprise (NYSE:HPE) Updates Q3 2026 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) updated its third quarter 2026 earnings guidance on Monday. The company provided earnings per share guidance of 0.880-0.930 for the period, compared to the consensus earnings per share estimate of 0.560. The company issued revenue guidance of $11.5 billion-$12.1 billion, compared to the consensus revenue estimate of $10.8 billion. Hewlett Packard Enterprise also updated its FY 2026 guidance to 3.350-3.450 EPS.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Citigroup raised their price target on shares of Hewlett Packard Enterprise from $39.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley raised their price target on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. Wall Street Zen lowered shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Sanford C. Bernstein lifted their price objective on shares of Hewlett Packard Enterprise from $35.00 to $62.00 and gave the company a “market perform” rating in a research note on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $59.47.

Hewlett Packard Enterprise Trading Up 19.3%

HPE opened at $56.05 on Wednesday. The firm has a market capitalization of $74.37 billion, a P/E ratio of 52.39, a P/E/G ratio of 1.20 and a beta of 1.42. The firm’s 50 day moving average is $29.23 and its 200-day moving average is $24.80. Hewlett Packard Enterprise has a 52-week low of $17.16 and a 52-week high of $64.25. The company has a quick ratio of 0.75, a current ratio of 1.03 and a debt-to-equity ratio of 0.71.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.25. The business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.99%. The business’s revenue was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.82) earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. Analysts expect that Hewlett Packard Enterprise will post 1.97 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be paid a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is -300.00%.

Insiders Place Their Bets

In related news, EVP Fidelma Russo sold 17,001 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.97, for a total value of $475,517.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 6,482 shares of Hewlett Packard Enterprise stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $29.10, for a total transaction of $188,626.20. Following the completion of the sale, the director owned 8,018 shares of the company’s stock, valued at approximately $233,323.80. This trade represents a 44.70% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 702,402 shares of company stock valued at $18,440,171. 0.44% of the stock is owned by insiders.

Trending Headlines about Hewlett Packard Enterprise

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

• Positive Sentiment: HPE reported fiscal Q2 EPS of $0.79 versus $0.54 expected and revenue of $10.68 billion versus $9.78 billion expected, with revenue up 40% year over year. HPE Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: The company raised full-year FY2026 guidance to EPS of $3.35-$3.45 and revenue of $44.2 billion-$45.6 billion, well above consensus, and also lifted Q3 guidance, signaling momentum is continuing. HPE expects to achieve 2028 financial targets this year after record quarter on AI boom
• Positive Sentiment: Management said strong AI compute demand is accelerating the business, with networking revenue up 148% and long-term financial targets pulled forward by two years. HPE Pulls Forward Long-Term Targets as Surging AI Compute Demand Boosts Revenue
• Positive Sentiment: Multiple analysts raised price targets after the report, reflecting higher confidence in HPE’s growth outlook and valuation re-rating after the earnings beat. Analyst price target updates
• Neutral Sentiment: HPE also announced a quarterly dividend of $0.1425 per share, which may attract income-focused investors but is not the main driver of the stock move. Dividend and earnings report

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Hewlett Packard Enterprise during the fourth quarter valued at $433,537,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hewlett Packard Enterprise by 0.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,193,841 shares of the technology company’s stock worth $316,916,000 after acquiring an additional 49,508 shares in the last quarter. Amundi raised its position in Hewlett Packard Enterprise by 63.1% in the fourth quarter. Amundi now owns 11,514,029 shares of the technology company’s stock worth $276,567,000 after acquiring an additional 4,454,568 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Hewlett Packard Enterprise by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,209,062 shares of the technology company’s stock worth $245,222,000 after acquiring an additional 222,495 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Hewlett Packard Enterprise by 32.5% during the 4th quarter. AQR Capital Management LLC now owns 5,902,556 shares of the technology company’s stock worth $141,779,000 after buying an additional 1,447,680 shares during the period. 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.