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Home/News Feed/HPE shares jump 30% after Q2 earnings and revenue far exceed expectations.

HPE

$47.16

-$0.24 -0.51%

HPE shares jump 30% after Q2 earnings and revenue far exceed expectations.

Company Fundamentals

01 Jun 2026

CNBC

View Source

Bullish

Hewlett Packard Enterprise (HPE) shares surged 30% following a strong second-quarter report that beat analyst estimates significantly. The company reported adjusted earnings per share of 79 cents, surpassing the expected 53 cents, and revenue of $10.68 billion, well above the $9.79 billion forecast. Cloud & AI revenue reached $7.71 billion, topping estimates, with the server unit driving growth at $5.45 billion, far exceeding the $4.66 billion expected. This marks HPE's biggest earnings beat since 2018 and highlights strong demand in its cloud and server businesses, signaling positive momentum going forward.

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