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

Hewlett Packard Enterprise (NYSE:HPE) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share guidance of 3.350-3.450 for the period, compared to the consensus earnings per share estimate of 2.330. The company issued revenue guidance of $44.2 billion-$45.6 billion, compared to the consensus revenue estimate of $40.8 billion. Hewlett Packard Enterprise also updated its Q3 2026 guidance to 0.880-0.930 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup increased their target price on shares of Hewlett Packard Enterprise from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Hewlett Packard Enterprise in a report on Wednesday, March 25th. Truist Financial began coverage on shares of Hewlett Packard Enterprise in a report on Tuesday, March 31st. They set a “buy” rating and a $31.00 price objective on the stock. Wall Street Zen downgraded shares of Hewlett Packard Enterprise from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Morgan Stanley raised their target price on shares of Hewlett Packard Enterprise from $25.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $27.88.

Hewlett Packard Enterprise Price Performance

NYSE HPE opened at $47.37 on Tuesday. 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 has a 12-month low of $17.02 and a 12-month high of $47.97. The company has a market capitalization of $62.85 billion, a PE ratio of -249.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.28. The firm’s 50 day moving average is $29.23 and its 200-day moving average is $24.80.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings data on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.25. Hewlett Packard Enterprise had a negative net margin of 0.41% and a positive return on equity of 9.93%. The company had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same period last year, the company earned ($0.82) earnings per share. The firm’s revenue was up 40.0% compared to the same quarter last year. 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. Equities research analysts anticipate that Hewlett Packard Enterprise will post 1.97 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, March 24th were issued a $0.1425 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.2%. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is -300.00%.

Insider Buying and Selling

In other news, Director Bethany Mayer sold 6,482 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $29.10, for a total value of $188,626.20. Following the sale, the director directly owned 8,018 shares in the company, valued at $233,323.80. This trade represents a 44.70% decrease in their ownership of the stock. The transaction 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, EVP Neil B. Macdonald sold 24,251 shares of Hewlett Packard Enterprise stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $27.01, for a total transaction of $655,019.51. Following the completion of the sale, the executive vice president owned 32,243 shares in the company, valued at $870,883.43. This trade represents a 42.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 702,402 shares of company stock valued at $18,440,171 over the last ninety days. Insiders own 0.44% of the company’s stock.

More Hewlett Packard Enterprise News

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

• Positive Sentiment: HPE posted record second-quarter results, beating estimates on both earnings and revenue. Adjusted EPS came in at $0.79 versus $0.54 expected, while revenue reached $10.68 billion, above the $9.78 billion consensus, signaling strong execution and demand. HPE Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: The company pulled forward its long-term financial targets by two years after saying AI data center expansion is boosting demand for its servers and networking gear, reinforcing the growth story behind the stock move. Reuters article on accelerated financial targets
• Positive Sentiment: Management also raised fiscal 2026 and Q3 guidance well above Wall Street expectations, which suggests the AI server demand is not a one-quarter spike but a longer-lasting tailwind. Reuters article on HPE surges 29% as AI infrastructure boom boosts server demand
• Positive Sentiment: Networking revenue reportedly jumped 148%, underscoring broad strength across HPE’s infrastructure portfolio and helping fuel investor enthusiasm. MarketWatch article on networking revenue growth
• Neutral Sentiment: HPE also added Elliott partner Chris Hsu to its board, a governance move that may be seen as supportive of strategy and capital allocation but is not the main driver of the stock today. HPE Names Chris Hsu to Board of Directors

Hedge Funds Weigh In On Hewlett Packard Enterprise

A number of institutional investors have recently added to or reduced their stakes in HPE. Empowered Funds LLC increased its holdings in Hewlett Packard Enterprise by 317.3% during the first quarter. Empowered Funds LLC now owns 149,810 shares of the technology company’s stock worth $2,312,000 after buying an additional 113,906 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Hewlett Packard Enterprise by 44.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,456 shares of the technology company’s stock worth $69,000 after buying an additional 1,377 shares during the last quarter. Brown Advisory Inc. increased its holdings in Hewlett Packard Enterprise by 4.4% during the second quarter. Brown Advisory Inc. now owns 23,593 shares of the technology company’s stock worth $482,000 after buying an additional 996 shares during the last quarter. Jump Financial LLC increased its holdings in Hewlett Packard Enterprise by 25.8% during the second quarter. Jump Financial LLC now owns 15,662 shares of the technology company’s stock worth $320,000 after buying an additional 3,215 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Hewlett Packard Enterprise during the second quarter worth $207,000. 80.78% of the stock is currently owned by institutional investors and hedge funds.

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.