Hewlett Packard Enterprise (HPE) Stock: What to Expect From Earnings on Wednesday

TLDR

• HPE reports Q3 fiscal 2026 earnings on September 2, after market close
• Revenue guidance is set at $11.5B-$12.1B, with EPS expected at 88-93 cents non-GAAP
• J.P. Morgan expects HPE to raise full-year guidance, driven by AI and non-AI infrastructure demand
• HPE stock is up 126.6% year-to-date, yet trades at just 13x forward earnings
• J.P. Morgan carries an Overweight rating with a $70 price target on HPE

Hewlett Packard Enterprise (HPE) is set to report its third-quarter fiscal 2026 results on September 2, after market close. The stock is up 126.6% year-to-date, yet analysts argue it still looks cheap.

Hewlett Packard Enterprise Company, HPE

HPE guided for Q3 revenue of $11.5B to $12.1B. The Wall Street consensus sits at $12.1B, which would represent roughly 32% growth from the same quarter last year.

On earnings, HPE expects non-GAAP EPS in the range of 88 to 93 cents. The Zacks consensus is slightly higher at 94 cents, a 113.6% year-over-year increase. The estimate has been revised upward over the past 30 days.

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