HPE skyrockets 30% on biggest earnings beat since 2018

Hewlett Packard Enterprise shares surged 30% after reporting second-quarter results that exceeded estimates, with Cloud & AI revenue reaching $7.71 billion versus a $6.87 billion forecast. Server revenue hit $5.45 billion, surpassing the $4.66 billion expectation, driving the strongest performance. The company raised full-year 2026 EPS guidance to $3.35, $3.45, up from $2.30, $2.50, and is now tracking two years ahead of its long-term plan. CEO Antonio Neri confirmed traditional server bookings are up triple digits, marking the largest backlog in the company's history. This earnings beat represents HPE's biggest EPS surge since February 2018 and signals strong demand in enterprise server markets.