Hewlett Packard Enterprise (NYSE:HPE) is a global technology company focused on servers, storage, and networking for businesses. Its stock is gaining attention following strong results from competitor Dell. Dell reported a massive first-quarter beat driven by AI demand, as highlighted by Benzinga, creating positive sentiment for HPE.
On June 1st, 2026, HPE is set to release its quarterly earnings. Wall Street analysts estimate an earnings per share (EPS) of $0.54 on revenues of about $9.78 billion. The company's own forecast projects revenues between $9.6 billion and $10 billion, with an EPS of $0.51 to $0.55.
These strong expectations are linked to high demand for AI and networking. As highlighted by Zacks, HPE's networking revenues previously grew 152% in one quarter. The company projects its Networks for AI orders could reach $1.9 billion by fiscal 2026, showing a clear focus on this high-growth area.
HPE's stock has performed well, hitting a record high of $38.58 on May 26, as highlighted by Schaeffersresearch. The options market expects a significant 12.9% price move after the earnings announcement. This is much higher than the stock's average post-earnings move of 5.8%.
