Hewlett Packard Enterprise's second quarter revenue surged 40% to $10.7 billion, crushing estimates and prompting a full-year guidance raise.

Hewlett Packard Enterprise reported second quarter fiscal 2026 revenue of $10.7 billion, an increase of 40% year-over-year, significantly exceeding analyst expectations. The company posted non-GAAP diluted net earnings per share of $0.79, also well above its prior outlook and consensus estimates, leading to an increased forecast for the full fiscal year.

Key Highlights

• The Networking segment was a standout performer, with revenue growing 148.2% year-over-year to $2.7 billion, reflecting contributions from the Juniper acquisition.
• The Cloud & AI segment reported revenue of $7.7 billion, up 22.9% from the prior-year period, driven by a 32.7% increase in Server revenue to $5.5 billion.
• HPE raised its full-year 2026 outlook, now expecting revenue growth between 29% and 33% and non-GAAP EPS in the range of $3.35 to $3.45.