HPE CRUSHES Q2 ESTIMATES, STOCK SURGES 30%

INDUSTRY DESK■ 1 MIN READ

FRI, JUN 5, 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

P841ISRAEL PUSHES CHIP MANUFACTURING, DATA CENTER EXPANSION

Israel's AI leadership is pursuing domestic chipmaking capacity and expanded data centers by courting major semiconductor producers from the US and Asia. The effort aims to maintain the country's technological edge in the region.

3H AGO— AI Desk

P840GOOGLE POSTS 12TH STRAIGHT QUARTER OF STRONG REVENUE

Alphabet reported double-digit revenue growth in Q2 earnings Wednesday, marking its 12th consecutive quarter of substantial gains. The results exceeded expectations despite delays in releasing its Gemini Pro AI model.

3H AGO— AI Desk

P837DASSAULT SYSTÈMES ACQUIRES DRUG TRIAL SOFTWARE FIRM

Dassault Systèmes SE is acquiring ArisGlobal, a drug trial software maker, for up to $2 billion. The deal marks the French company's continued expansion into life sciences software.

3H AGO— Industry Desk

P834GOOGLE ADDS SELFIE VIDEO AS ACCOUNT RECOVERY OPTION

Google has introduced selfie video verification as a new way to regain access to locked accounts. Users can now record a short video of their face to confirm identity when locked out, replacing the need for passwords or two-factor authentication codes.

3H AGO— Industry Desk

◄ BACK TO NEWS

HPE CRUSHES Q2 ESTIMATES, STOCK SURGES 30%

■ MORE FROM THE BIG TECH DESK

■ SUBSCRIBE TO THE DAILY BRIEF