HPE shares – Hewlett Packard Enterprise shares jumped 30% on Monday after a blockbuster second-quarter report that delivered a 79-cent adjusted EPS versus 53 cents expected and $10.68 billion revenue versus $9.79 billion expected—its biggest EPS beat since February 2018. C
When Hewlett Packard Enterprise opened Monday’s trading after posting its second-quarter numbers, the market didn’t just respond—it surged. The stock jumped 30% after the tech company delivered a blockbuster quarter that blew past expectations.
Adjusted earnings per share came in at 79 cents, compared with 53 cents expected. Revenue landed at $10.68 billion, above the $9.79 billion analysts were looking for. It was also the company’s biggest EPS beat since February 2018—an important marker for a business that is trying to shake off the idea that it can only grow slowly.
The latest quarter showed sharp momentum across revenue lines. Revenue was up 40% over a year ago. Overall Cloud & AI revenue came in at $7.71 billion, topping the StreetAccount estimate of $6.87 billion. Within that unit. the server business delivered the most dramatic swing: server revenue reached $5.45 billion. beating the $4.66 billion expected by analysts.
That performance didn’t stay trapped inside the quarter. HPE also 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.
In a release announcing the quarterly results, CEO Antonio Neri pointed to demand and backlog. He said traditional server bookings are up triple digits, and called it the biggest backlog the company has ever seen. Neri also said. “Customers continue to invest in modernizing their infrastructure and scaling AI. and our performance shows the strength of our combined networking portfolio.”.
Financially, the turnaround shows up in the bottom line too. HPE reported net income of $624 million, or 44 cents per share, compared with a net loss a year ago. A year earlier, HPE posted a net loss of $1.05 billion, a loss of 82 cents per share.
Taken together. the numbers form a simple story the market could act on: stronger-than-expected EPS. higher-than-expected revenue. Cloud & AI growth that feeds directly into servers. and then guidance moving upward to match what the company is seeing. The result was immediate—an outsized one-day reaction after a quarter that managed to exceed expectations on multiple fronts.
HPE Hewlett Packard Enterprise earnings stock surge Cloud & AI server revenue fiscal 2026 EPS guidance Antonio Neri