HPE skyrockets 30% on biggest earnings beat since 2018
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- HPE posted Q2 earnings of $0.79 per share, beating the $0.53 consensus.
- HPE revenue reached $10.68 billion, up 40% YoY and exceeding the $9.79 billion forecast.
- HPE server revenue hit $5.45 billion, surpassing the $4.66 billion estimate.
- Antonio Neri said traditional server bookings are up triple digits, creating HPE’s biggest backlog ever.
- Nvidia's Vera CPUs will power HPE’s new ProLiant server, with the NYSE slated to use it for processing over 1 trillion messages daily.
Why it matters: Investors and HPE’s enterprise customers win as the 30% stock jump and upgraded FY2026 EPS outlook reflect booming AI‑driven server demand, while Nvidia secures a major new hardware buyer. The surge also pressures rivals to accelerate AI‑focused offerings.
