Hewlett Packard Enterprise stock gained 7.45 percent on AI order
Published on 10/04/2026 at 22:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hewlett Packard Enterprise stock (ISIN US42824C1099) gained 7.45 percent to USD 69.39 on the NYSE on October 2, 2026, after the company highlighted a USD 1.2 billion AI infrastructure order and stronger networking demand. The move left the shares 1.28 percent below their 52-week high of USD 70.29.
AI order strengthens the case
At its investor day, HPE announced a USD 1.2 billion order from Vultr for Helios AI server racks powered by AMD chips and destined for US data centers, as Yahoo Finance reported on October 1, 2026. The deal is HPE's first order for the AMD Helios system and gives the networking and server portfolio a concrete customer deployment.
The same investor-day update put fiscal 2026 networking orders above USD 3 billion, compared with prior third-quarter guidance of USD 2.5 billion to USD 3.0 billion, according to Yahoo Finance. Management also raised the fiscal 2027 networking revenue outlook to the high-teens to low-20s percent range, with segment operating margins forecast in the mid-to-high 20s percent range.
Quarterly figures set a high bar
HPE's fiscal Q3 2026 revenue was USD 12.21 billion, up 33.7 percent from the same quarter a year earlier, while adjusted EPS reached USD 1.11 versus a USD 0.93 consensus estimate, MarketBeat reported on October 2, 2026. Revenue therefore exceeded the cited estimate of USD 11.97 billion by USD 0.24 billion, while the adjusted EPS beat was USD 0.18.
For fiscal Q4 2026, HPE guided to revenue of USD 13.9 billion to USD 14.8 billion and adjusted EPS of USD 1.20 to USD 1.30, according to Yahoo Finance. The full-year fiscal 2026 outlook calls for revenue growth of 34 percent to 37 percent and adjusted EPS of USD 3.75 to USD 3.85.
Analyst targets remain divided
Daiwa Securities Group upgraded HPE from neutral to outperform and set a USD 75 price target in a report issued on October 2, 2026, as MarketBeat reported. Other published targets ranged from USD 57.00 to USD 92.00, showing that the AI growth story has not produced a uniform valuation view.
MarketBeat's consensus page lists a Moderate Buy rating from 19 analysts and an average 12-month target of USD 69.1765. The average target is USD 0.2135 below the October 2 closing price, making execution against the networking and AI outlook central to the next phase of the stock move.
HPE stock closes near yearly high
HPE stock closed at USD 69.39 on the NYSE on October 2, 2026, with a session range of USD 66.00 to USD 70.29, volume of 29,020,000 shares and market capitalization of USD 92.1 billion. The next dated shareholder cash event listed by MarketBeat is a USD 0.1425 dividend payable on October 16, 2026.
Hewlett Packard Enterprise stock facts
- Company: Hewlett Packard Enterprise Company
- ISIN: US42824C1099
- Ticker: HPE
- Trading venue: NYSE
- Price (as of October 2, 2026, 3:59 p.m. ET): USD 69.39, closing price
- Market capitalization: USD 92.1 billion (as of October 2, 2026)
- 52-week range: USD 19.84-70.29 (as of October 2, 2026)
- Sector / Industry: Technology / Technology Hardware, Storage and Peripherals
Upcoming dates for Hewlett Packard Enterprise stock
- October 16, 2026: Dividend payable date
