HPE Raises FY26 Guidance, Expands Oracle AI Networking Deal
HPE has more than doubled off its 52-week low of $19.84 on elevated volume (2.9× avg).
Summary
HPE beat Q3 estimates with EPS of $1.11 vs $0.93 consensus and revenue of $12.21B vs $11.91B expected. The company raised FY26 adjusted EPS guidance to $3.75-$3.85 (vs $3.43 estimate) and revenue outlook to $45.96B-$46.99B (vs $44.94B estimate). Additionally, HPE announced an expanded partnership with Oracle to deploy HPE Juniper Networking across Oracle's AI data centers. This follows earlier reports of strong Q3 results and 4Q guidance, but the raised FY26 outlook and Oracle deal are new material developments. The stock was down 0.62% in extended trading despite the positive news, likely due to profit-taking after a recent run-up.
At the time of this announcement, HPE was trading at $49.49 on NYSE in the Technology sector, with a market capitalization of approximately $68.6B. The 52-week trading range was $19.84 to $64.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.