HPE Reports Record Q2 Results, Raises FY26 Guidance Ahead of Schedule, Appoints Elliott Partner to Board
HPE has more than doubled off its 52-week low of $17.025 on elevated volume (4.8× avg).
Summary
HPE reported record Q2 earnings, significantly raised its full-year guidance ahead of its long-term plan, and appointed an Elliott Investment Management partner to its board, signaling strong performance and strategic focus.
Key Events · Earnings and Guidance · HPE
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Record Q2 Fiscal 2026 Financial Results
HPE reported Q2 revenue of $10.7 billion (up 40% year-over-year), non-GAAP diluted EPS of $0.79 (exceeding outlook of $0.51-$0.55), and free cash flow of $0.9 billion (up $1.8 billion year-over-year).
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FY26 Guidance Raised Significantly
The company raised its full-year FY26 revenue growth outlook to 29-33%, non-GAAP diluted EPS to $3.35-$3.45, and free cash flow to at least $3.5 billion. These updated targets now exceed the company's FY28 long-term financial plan.
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FY27 Financial Growth Framework Introduced
HPE introduced its FY27 outlook, projecting revenue growth of 8-12%, non-GAAP diluted EPS growth of 12-16%, and free cash flow of at least $4.5 billion.
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Activist Investor Partner Appointed to Board
Christopher P. Hsu, a Partner at Elliott Investment Management L.P., was appointed to HPE's Board of Directors and key committees, effective immediately, pursuant to a previously disclosed cooperation agreement.
Analysis · HPE · Technology
Hewlett Packard Enterprise delivered exceptional Q2 fiscal 2026 results, significantly beating EPS estimates and achieving record revenue and free cash flow. The company raised its full-year FY26 guidance for revenue, EPS, and free cash flow, now projecting to exceed its previously set FY28 long-term financial targets two years ahead of schedule. This strong performance is driven by robust demand across its Networking and Cloud & AI segments, coupled with effective cost synergies. Additionally, the appointment of Christopher P. Hsu, a Partner at activist investor Elliott Investment Management, to the Board of Directors signals a heightened focus on shareholder value creation and strategic execution, stemming from a previously disclosed cooperation agreement. The final completion of the H3C Technologies divestiture also provides a substantial cash inflow, further strengthening the company's financial position.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 42% of the 419 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, HPE was trading at $62.20 on NYSE in the Technology sector, with a market capitalization of approximately $62.4B. The 52-week trading range was $17.03 to $47.97. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.