{"id":35666,"date":"2026-06-01T21:00:10","date_gmt":"2026-06-01T21:00:10","guid":{"rendered":"https:\/\/www.europesays.com\/news\/35666\/"},"modified":"2026-06-01T21:00:10","modified_gmt":"2026-06-01T21:00:10","slug":"hpe-skyrockets-30-on-biggest-earnings-beat-since-2018","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/news\/35666\/","title":{"rendered":"HPE skyrockets 30% on biggest earnings beat since 2018"},"content":{"rendered":"

\"Hewlett<\/p>\n

Hewlett Packard Enterprise<\/a> shares skyrocketed 30% on Monday after the tech company posted blockbuster second-quarter results that blew away estimates.<\/p>\n

Here’s how the company did compared to LSEG estimates:<\/p>\n

Earnings per share: 79 cents adj. vs. 53 cents expectedRevenue: $10.68 billion vs. $9.79 billion expected<\/p>\n

It was the company’s biggest EPS beat since February 2018.<\/p>\n

Revenue was up 40% over a year ago.<\/p>\n

Overall Cloud & AI revenue came in at $7.71 billion, topping the StreetAccount estimate of $6.87 billion, but it was the company’s server unit that really impressed. Server revenue, which is a sub-division of the Cloud & AI unit, came in at $5.45 billion, blowing away the $4.66 billion expected by analysts.<\/p>\n

The server maker bumped its full-year EPS guidance by a full dollar, projecting fiscal year 2026 EPS of $3.35 to $3.45, up from $2.30 to $2.50. The company said it is now tracking two years ahead of its own long-term financial plan.<\/p>\n

CEO Antonio Neri told CNBC that traditional server bookings are up triple digits, and it is the biggest backlog the company has ever seen.<\/p>\n

“Customers continue to invest in modernizing their infrastructure and scaling AI, and our performance shows the strength of our combined networking portfolio,” Neri said in a release announcing the quarterly results.<\/p>\n

Net income came in at $624 million, or 44 cents per share, compared to a net loss a year ago. HPE posted a net loss of $1.05 billion, a loss of 82 cents per share, a year ago.<\/p>\n

The stock surge comes following the company’s announcement of a new server rack on Monday at the Computex conference in Taiwan. The new server will be powered by Nvidia<\/a>‘s new Vera central processing units, which are now in full production.<\/p>\n

“This is going to be our new major growth driver,” Nvidia CEO Jensen Huang<\/a> said during his keynote at Computex on Monday. He said millions of the new CPUs are currently being made, and will be available starting in the fall.<\/p>\n

The New York Stock Exchange is one customer that plans to use the new Nvidia chips on HPE’s new server, to help it process more than a trillion messages per day.<\/p>\n

Neri said it’s a task well suited to his company’s newest ProLiant server because it’s optimized for agentic AI workloads. <\/p>\n

“These workloads require high-performance servers with exceptional CPU performance to enable real-time reasoning across agentic AI and financial services applications,” he said in a press release Monday. “We are delivering a new class of infrastructure to help customers accelerate insights and operate with confidence in the most demanding environments.”<\/p>\n

With the new HPE server, “enterprises can put Vera to work, and NYSE shows what purpose-built AI infrastructure can do in the world’s most demanding environments,” Nvidia’s Huang said in a release.<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

HPE one-day stock chart.<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Hewlett Packard Enterprise shares skyrocketed 30% on Monday after the tech company posted blockbuster second-quarter results that blew…\n","protected":false},"author":2,"featured_media":35667,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[560,34,13345,3154,3438,8,2422,9,25,7],"class_list":["post-35666","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-breaking-news-technology","tag-business-news","tag-dividends","tag-earnings","tag-enterprise","tag-headlines","tag-hewlett-packard-enterprise-co","tag-news","tag-nvidia-corp","tag-top-stories"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@news\/116676868421887750","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/35666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/comments?post=35666"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/35666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media\/35667"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media?parent=35666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/categories?post=35666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/tags?post=35666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}