HPE Swings to Q2 Profit as Revenue Jumps 40%, Lifts FY26 Outlook

Hewlett Packard Enterprise Co. (HPE) reported a net profit for the fiscal second quarter, reversing a year-earlier loss, as revenue surged 40% on strong demand for servers and networking gear. The company also raised its full-year fiscal 2026 guidance on June 1, 2026. For the period ended April 30, 2026, revenue climbed to an undisclosed figure from the prior-year quarter, when HPE posted a loss. The company did not immediately disclose exact profit figures, but the swing to profitability underscores a turnaround fueled by AI-related orders. HPE now forecasts fiscal 2026 adjusted earnings per share above its previous range and revenue growth at the high end of its earlier outlook. The raised forecast reflects an expanding order backlog and continued momentum in enterprise technology spending. HPE shares rose in premarket trading following the announcement.