HPE slides after Q3 beat as fiscal 2026 guidance raised
Hewlett Packard Enterprise reported fiscal 2026 Q3 EPS of $1.11 versus consensus of 93 cents and revenue of $12.21B versus $11.91B. It raised adjusted EPS guidance to $3.75–$3.85 and revenue to $45.96B–$46.99B; shares fell 6.8% to $48.31.
Hewlett Packard Enterprise Co. on Wednesday posted fiscal 2026 third-quarter earnings of $1.11 per share, topping the consensus estimate of 93 cents by 19.35%, according to Pro data. Revenue came in at $12.21 billion, above the Street view of $11.91 billion and up from $9.14 billion in the same period last year. The company raised its fiscal 2026 adjusted EPS guidance to $3.75 to $3.85 from a $3.43 analyst estimate and lifted its revenue outlook to $45.96 billion to $46.99 billion versus $44.94 billion expected.
Shares fell 6.8% to $48.31 on Thursday. Barclays analyst Tim Long kept an Overweight rating on the stock and lifted the price target to $79 from $67. Morgan Stanley analyst Meta Marshall also kept an Overweight rating, but lowered the price target to $67 from $69.