Hewlett Packard Enterprise (NYSE:HPE) Updates FY 2026 Earnings Guidance

Hewlett Packard Enterprise (NYSE:HPE) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 3.750-3.850 for the period, compared to the consensus EPS estimate of 3.340. The company issued revenue guidance of $46.0 billion-$47.0 billion, compared to the consensus revenue estimate of $45.1 billion. Hewlett Packard Enterprise also updated its Q4 2026 guidance to 1.200-1.300 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HPE shares. Barclays upped their price target on shares of Hewlett Packard Enterprise from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday. Argus lifted their price objective on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. UBS Group dropped their price objective on shares of Hewlett Packard Enterprise from $65.00 to $59.00 and set a “neutral” rating on the stock in a report on Thursday. Susquehanna upped their target price on Hewlett Packard Enterprise from $21.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Finally, Piper Sandler restated a “neutral” rating and issued a $57.00 target price (down from $63.00) on shares of Hewlett Packard Enterprise in a research note on Thursday. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.44.

Hewlett Packard Enterprise Price Performance

Shares of NYSE HPE opened at $54.25 on Friday. Hewlett Packard Enterprise has a 52 week low of $19.84 and a 52 week high of $64.25. The business’s 50 day moving average price is $49.79 and its 200 day moving average price is $37.68. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The firm has a market cap of $71.84 billion, a P/E ratio of 28.26, a P/E/G ratio of 0.60 and a beta of 1.43.

Hewlett Packard Enterprise (NYSE:HPE) last posted its quarterly earnings results on Wednesday, September 2nd. The technology company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.18. Hewlett Packard Enterprise had a net margin of 6.60% and a return on equity of 15.75%. The company had revenue of $12.21 billion during the quarter, compared to analyst estimates of $11.97 billion. During the same period last year, the firm posted $0.44 EPS. Hewlett Packard Enterprise’s revenue for the quarter was up 33.7% compared to the same quarter last year. Hewlett Packard Enterprise has set its Q4 2026 guidance at 1.200-1.300 EPS and its FY 2026 guidance at 3.750-3.850 EPS. On average, sell-side analysts expect that Hewlett Packard Enterprise will post 2.92 earnings per share for the current year.

Hewlett Packard Enterprise Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, September 17th will be issued a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 17th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is 53.27%.

Insider Transactions at Hewlett Packard Enterprise

In related news, SVP Kirt Karros sold 18,785 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total transaction of $911,072.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.44% of the stock is owned by corporate insiders.

Hewlett Packard Enterprise News Roundup

Here are the key news stories impacting Hewlett Packard Enterprise this week:

• Positive Sentiment: HPE reported fiscal Q3 adjusted EPS of $1.11, well above estimates near $0.93-$0.95, while revenue reached approximately $12.2 billion, up 33.7% year over year and ahead of expectations. HPE Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised fiscal 2026 EPS guidance to $3.75-$3.85 and revenue guidance to $46-$47 billion, both above consensus. Fourth-quarter guidance also exceeded analysts’ forecasts, and HPE projected fiscal 2027 revenue growth of 13%-17% with at least $5 billion in free cash flow. HPE raises annual forecasts as AI, networking demand lifts quarterly revenue
• Positive Sentiment: Executives cited exceptionally strong, broad-based AI demand, record orders and a backlog that exceeds available supply. Networking revenue reportedly rose 75%, including a 270% increase in routing revenue, strengthening the case that the Juniper networking business is becoming a major AI infrastructure growth engine. HPE Q3 Earnings Call Highlights AI Demand, Networking Shift
• Positive Sentiment: HPE expanded its collaboration with Oracle to deploy Juniper Networking across Oracle’s gigawatt-scale AI data centers. A reported warrant arrangement involving more than four million HPE shares could further align Oracle with HPE’s infrastructure rollout, although investors should monitor dilution and execution details. HPE and Oracle Deepen Networking Collaboration
• Positive Sentiment: Several analysts raised price targets, including Raymond James, Citi, Barclays and Truist, while unusual options activity showed call volume substantially above normal—signals of improving investor expectations.
• Neutral Sentiment: HPE will hold a Networking Investor Day on September 30, potentially providing additional detail on strategy, margins and AI-related demand.
• Negative Sentiment: Memory, CPU and other hardware bottlenecks remain a concern. Investors are questioning whether supply limitations could delay deliveries or pressure margins as AI systems represent a larger share of sales. UBS, Wells Fargo and Piper Sandler maintained cautious ratings or reduced targets. HPE Earnings Soar but Supply Constraints Aren’t Going Away

Hedge Funds Weigh In On Hewlett Packard Enterprise

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Financial Bankshares Inc boosted its stake in shares of Hewlett Packard Enterprise by 4.7% in the fourth quarter. First Financial Bankshares Inc now owns 11,082 shares of the technology company’s stock worth $266,000 after buying an additional 502 shares during the last quarter. TIAA Trust National Association raised its position in Hewlett Packard Enterprise by 3.5% during the fourth quarter. TIAA Trust National Association now owns 15,171 shares of the technology company’s stock valued at $364,000 after acquiring an additional 511 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Hewlett Packard Enterprise by 1.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 53,607 shares of the technology company’s stock valued at $1,288,000 after acquiring an additional 582 shares during the period. Ingalls & Snyder LLC lifted its holdings in Hewlett Packard Enterprise by 0.6% in the fourth quarter. Ingalls & Snyder LLC now owns 103,333 shares of the technology company’s stock valued at $2,482,000 after acquiring an additional 636 shares during the period. Finally, Compound Planning Inc. boosted its position in Hewlett Packard Enterprise by 4.0% in the 4th quarter. Compound Planning Inc. now owns 18,505 shares of the technology company’s stock worth $444,000 after purchasing an additional 705 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.