Hewlett Packard Enterprise Co. (NYSE:HPE) on Wednesday posted better-than-expected fiscal 2026 third-quarter results and raised its fiscal-year guidance.

Hewlett Packard Enterprise reported quarterly earnings of $1.11 per share, which beat the consensus estimate of 93 cents by 19.35%, per Benzinga Pro data. Quarterly revenue clocked in at $12.21 billion, which beat the Street estimate of $11.91 billion and was up from $9.14 billion in the same period last year.

"HPE Juniper Networking has been an important part of our cloud architecture and now plays a key role in our AI clusters, regional data centers, and edge networks with the scale, performance, and reliability our customers expect," said Mahesh Thiagarajan, executive vice president, Oracle Cloud Infrastructure.

Hewlett Packard raised its fiscal 2026 adjusted EPS guidance to between $3.75 and $3.85, versus the $3.43 analyst estimate, and raised its revenue outlook to between $45.96 billion and $46.99 billion, versus the $44.94 billion estimate.

Hewlett Packard Enterprise shares fell 6.8% to trade at $48.31 on Thursday.

These analysts made changes to their price targets on Hewlett Packard Enterprise following earnings announcement.

  • Barclays analyst Tim Long maintained the stock with an Overweight rating and raised the price target from $67 to $79.
  • Morgan Stanley analyst Meta Marshall maintained the stock with an Overweight rating and cut the price target from $69 to $67.

Considering buying HPE stock? Here’s what analysts think:

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