Hewlett Packard Posts Blowout Q2 Earnings, Joins Marvell Technology And Other Big Stocks Moving Higher In Tuesday's Session
Camtek Ltd CAMT | 0.00 | |
Generac Holdings Inc. GNRC | 0.00 | |
Hewlett Packard Enterprise Co. HPE | 0.00 | |
Hesai Group HSAI | 0.00 | |
Kelly Services, Inc. Class B KELYB | 0.00 |
U.S. stock futures were sharply higher this morning, with the Nasdaq futures surging nearly 0.50% on Tuesday following spectacular quarterly financial results and high-profile tech sector partnership announcements.
Shares of Hewlett Packard Enterprise Co (NYSE:HPE) skyrocketed in pre-market trading after delivering a historic fiscal second-quarter earnings report that crushed Wall Street forecasts.
HP reported quarterly non-GAAP diluted earnings of $0.79 per share, soundly beating the consensus analyst estimate of $0.54 per share. Total net revenue reached $10.7 billion. The growth was fueled by an unprecedented influx of enterprise orders for AI inference servers and networking equipment. Management aggressively raised its fiscal 2026 full-year non-GAAP EPS guidance to a range of $3.35 to $3.45 and boosted its free cash flow target to at least $3.5 billion, indicating structural data center modernization is moving ahead of schedule.
HPE shares jumped 26.49% to $59.45 in pre-market trading.
Here are some other stocks moving higher in pre-market trading:
- Marvell Technology Inc (NASDAQ:MRVL) shares soared 22.19% to $268.14 in pre-market trading after Nvidia CEO Jensen Huang explicitly labeled the chipmaker as the “next trillion-dollar company” during a joint keynote address at the Computex event in Taipei.
- Kelly Services Inc Class A (NASDAQ:KELYB) climbed 11.85% to $23.49 in pre-market trading.
- POET Technologies Inc (NASDAQ:POET) rose 11.37% to $15.47 in pre-market trading, catching direct tech tailwinds as demand for high-speed optical interlinks scales alongside massive data center hardware buildouts.
- STMicroelectronics NV (NYSE:STM) advanced 11.18% to $76.74 in pre-market trading.
- Relmada Therapeutics Inc (NASDAQ:RLMD) gained 10.94% to $7.60 in pre-market trading on steady, speculative clinical-stage clinical program reassessments.
- Lithium Americas Corp (NYSE:LAC) added 10.52% to $6.09 in pre-market trading, rebounding on localized domestic battery infrastructure funding headlines and broader rare metals asset flows.
- Polibeli Group Ltd (NASDAQ:PLBL) ticked up 10.21% to $6.80 in pre-market trading.
- Camtek Ltd (NASDAQ:CAMT) rose 10.12% to $179.61 in pre-market trading, benefiting heavily from increased capital expenditure projections across top-tier semiconductor packaging lines.
- Hesai Group – ADR (NASDAQ:HSAI) advanced 9.83% to $22.00 in pre-market trading.
- Generac Holdings Inc (NYSE:GNRC) ticked up 9.26% to $294.20 in pre-market trading.
- Lightwave Logic Inc (NASDAQ:LWLG) rose 8.89% to $12.00 in pre-market trading.