Hewlett Packard Enterprise stock gains 3.60 percent near yearly high

Published on 10/06/2026 at 18:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hewlett Packard Enterprise stock was trading at USD 70.82 on October 6, 2026, after a USD 1.2 billion Vultr AI order. Q3 revenue rose 34 percent.

Fotorealistisches Rechenzentrum mit blauen LED-Serverracks, HPE-Aktie US42824C1099 — Hewlett Packard Enterprise US42824C1099 zeigt modernes Rechenzentrum mit beleuchteten Serverracks in langen Reihen, Illustration mit AI erstellt.

Hewlett Packard Enterprise (ISIN US42824C1099) was trading at USD 70.82 on the NYSE on October 6, 2026, up USD 2.46 or 3.60 percent from the prior close of USD 68.36. The stock also reached a new 52-week high of USD 70.91, placing the current quote 0.13 percent below that level. HPE's latest commercial catalyst is a USD 1.2 billion AI infrastructure order from Vultr.

Vultr order strengthens AI case

According to HPE on September 30, 2026, Vultr will deploy the first AMD Helios AI Rack by HPE systems at its US data centers. The order combines AMD compute with HPE Networking scale-up switching, liquid cooling and deployment services.

The commercial significance is broader than the USD 1.2 billion value. HPE is selling an integrated rack-scale system rather than only servers, which ties the order to networking and services as well as compute. That gives the AI infrastructure strategy a concrete customer commitment.

Q3 revenue rose 34 percent

HPE reported fiscal Q3 2026 revenue of USD 12.213 billion for the period ended July 31, 2026, according to StockTitan. Revenue increased 34 percent year over year, while GAAP diluted EPS was USD 1.06 and non-GAAP diluted EPS was USD 1.11.

The same filing summary shows Cloud and AI revenue of USD 9.0 billion, up 25.4 percent, and Networking revenue of USD 2.9 billion, up 74.9 percent, in fiscal Q3 2026. HPE raised fiscal 2026 non-GAAP EPS guidance to USD 3.75-3.85 and expects free cash flow of at least USD 3.75 billion.

Analysts see limited upside

Investing.com lists a Buy consensus from 21 analysts, with an average 12-month price target of USD 71.79, a high of USD 92.00 and a low of USD 52.59. The average target lies 1.37 percent above the USD 70.82 reference price.

Recent individual views remain varied. MarketBeat reported that Morgan Stanley raised its target from USD 67.00 to USD 72.00 on October 1, 2026, while Wells Fargo raised its target from USD 54.00 to USD 63.00 and kept an Equal Weight rating. The narrow gap between the average target and the current quote makes execution on AI demand and the raised outlook important to the valuation.

HPE stock reaches a yearly high

Hewlett Packard Enterprise stock had a market capitalization of USD 93.8 billion and volume of 6,485,854 shares at 12:20 p.m. ET on October 6, 2026. Its 52-week range was USD 19.84 to USD 70.91, so the current price stood 256.96 percent above the low and 0.13 percent below the high.