Updates

** Shares of AI server maker Hewlett Packard Enterprise HPE.N fall 9.7% to $20.67 premarket

** Co forecast Q1 revenue below Wall Street estimates

** HPE expects revenue in the range of $9 billion-$9.4 billion vs analysts' average estimate of $9.9 billion, according to data compiled by LSEG

** Co sees a decline in AI server revenue due to uneven demand as customers delayed orders to H2

** "Server saw weakness, due to AI shipment timing and US (federal agency) spend. However, we believe both to be more timing issues," said Barclays analysts in a note

** HPE raised fiscal 2026 adjusted EPS forecast to $2.25-$2.45, vs prior projection between $2.20-$2.40.

** Median PT of 22 analysts covering the stock is $26, with an avg "hold" rating, as per data compiled by LSEG

** As of last close, HPE up 7.1% YTD

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))