BUZZ-HPE expects to achieve 2028 financial targets this year; shares jump

Hewlett Packard

Hewlett Packard

HPE

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** Hewlett Packard Enterprise's HPE.N shares soar 28.5% to $60.41 after the bell

** HPE raises fiscal 2026 revenue growth forecast to between 29% and 33%, up from its prior expectations of a 17% to 22% increase

** Revised fiscal 2026 forecasts for adj. EPS and free cash flow higher than what HPE projected to achieve by fiscal 2028

** Expects annual adj. EPS in the range of $3.35 to $3.45, compared with earlier projection of $2.30 to $2.50. It had anticipated adj. EPS of at least $3 for fiscal 2028.

** Q2 revenue grows 40% to $10.68 billion, vs analysts' estimate of $9.79 billion - data compiled by LSEG

** Q2 adj. EPS of 79 cents top estimate of 53 cents

** HPE introduces fiscal 2027 growth framework, expecting revenue growth of 8% to 12%, adj. EPS growth of 12% to 16%

** Shares have nearly doubled YTD