HPE CRUSHES Q2 ESTIMATES, STOCK SURGES 30%

INDUSTRY DESK■ 1 MIN READ

MON, JUN 1, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Hewlett Packard Enterprise reported Q2 revenue of $10.7 billion, beating estimates by nearly $1 billion with 40% year-over-year growth. The company also provided forward guidance above consensus for fiscal 2026 and 2027.

HPE's server revenue grew 33% in the quarter, driving the stronger-than-expected performance. The company generated $10.7 billion in sales against analyst expectations of $9.74 billion. Shares jumped more than 30% in after-hours trading following the earnings announcement and bullish outlook. HPE's fiscal 2026 and 2027 revenue forecasts both exceeded Wall Street estimates. The results underscore sustained demand for enterprise infrastructure and server hardware, areas where HPE has positioned itself as a key beneficiary of data center expansion and AI-related computing needs. The company's guidance suggests confidence in sustained momentum through the next two fiscal years, signaling continued growth in its core business segments.

■ SOURCES

► Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BIG TECH DESK

P218APPLE LIMITS NEW PHOTO FEATURES TO PRO IPHONES

Apple has quietly updated its press materials to clarify that new Texture and Grain controls for Photographic Styles are exclusive to iPhone 18 Pro models and the iPhone Duo.

JUST NOW— AI Desk

P215ADOBE PREMIERE ARRIVES ON ANDROID, REPLACES RUSH

Adobe has launched its free Premiere video editing app on Android nearly a year after debuting on iOS. The release marks Adobe's shift away from Premiere Rush, which loses support on September 30.

JUST NOW— Industry Desk

P206NSCALE IPO TESTS WALL STREET'S AI BET APPETITE

British AI data center developer Nscale is going public, with Microsoft and Anthropic accounting for most of its revenue. The IPO will gauge investor confidence in companies heavily dependent on a small number of tech giants.

1H AGO— AI Desk

P200OSBORNE BLAMES NIMBYS FOR HOLDING BACK UK AI

George Osborne, former UK chancellor and now head of AI for countries at OpenAI, has criticized opposition to datacentre construction, arguing that local resistance is hindering Britain's ability to compete in artificial intelligence.

2H AGO— AI Desk

◄ BACK TO NEWS

HPE CRUSHES Q2 ESTIMATES, STOCK SURGES 30%

■ MORE FROM THE BIG TECH DESK

■ SUBSCRIBE TO THE DAILY BRIEF