HPE stock trades at EUR 54.19 as AI demand lifts outlook

Published on 09/30/2026 at 09:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HPE stock follows fiscal Q3 revenue of USD 12.2 billion, up 34 percent year over year on September 2, 2026. It was trading at EUR 54.19 on September 30.

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HPE stock (ISIN US42824C1099) was trading at EUR 54.19 at Lang & Schwarz on September 30, 2026, down 0.29 percent from the prior close of EUR 54.35. The company arrived at the session after reporting fiscal Q3 revenue of USD 12.2 billion, a 34 percent year-over-year increase, and raising its full-year outlook on September 2, 2026.

Revenue reaches USD 12.2 billion

According to HPE in its September 2, 2026 release, fiscal Q3 revenue rose 34 percent to USD 12.2 billion for the quarter ended July 31, 2026. GAAP diluted EPS reached USD 1.06, up USD 0.85 from the prior-year period, while non-GAAP diluted EPS was USD 1.11, up USD 0.67.

The comparison with expectations was also material. Reuters reported on September 2, 2026 that revenue exceeded the USD 11.91 billion analyst estimate, while adjusted EPS of USD 1.11 beat the USD 0.93 estimate by USD 0.18.

AI demand meets supply pressure

HPE's strongest operating growth came from its AI-linked portfolio. The company reported Networking revenue of USD 2.9 billion, up 74.9 percent year over year, and Cloud and AI revenue of USD 9.0 billion, up 25.4 percent, in fiscal Q3 2026.

The growth picture has a constraint. Reuters said on September 2, 2026 that supply remained constrained, with memory the main bottleneck, followed by NAND, CPUs and drives. That creates a clear execution test for HPE as orders and AI infrastructure demand expand.

Guidance rises as targets diverge

HPE raised its fiscal 2026 revenue growth outlook to 34-37 percent and its non-GAAP diluted EPS guidance to USD 3.75-3.85. It also set fiscal Q4 revenue guidance at USD 13.9-14.8 billion and non-GAAP EPS guidance at USD 1.20-1.30.

Analyst views remain varied. MarketBeat reported on September 22, 2026 that 19 analysts held a Moderate Buy consensus with an average 12-month target of USD 69.18. The same report cited targets ranging from UBS at USD 59.00 to Citigroup at USD 76.00, highlighting the gap between confidence in AI growth and concern about supply and margins.

HPE stock trades at EUR 54.19

HPE stock was trading at EUR 54.19 at Lang & Schwarz on September 30, 2026 at 9:21 a.m. CEST, down 0.29 percent versus the Lang & Schwarz prior close of EUR 54.35 on September 29, 2026. The NYSE-listed company had a market capitalization of USD 81.4 billion and a 52-week range of USD 19.84-65.65 as of September 29, 2026.