HPE Hewlett Packard Enterprise Co

BULLISH Impact: 7/10 8-K
Horizon weeks Filed Jun 1, 2026 Processed 9d 22h ago SEC 0001645590-26-000052
8-K material event: Items 1.01
Latest settled — T+1d
HPE-PC ▼ -1.72% at T+1d
LONG call ✗ call lost -1.72% · α vs SPY -1.00% · entry $143.80 → $141.33
Next anchor: T+5d due 7d ago
Last close $48.17 (close Jun 12) · -66.50% from $143.80 entry
Entry anchored
Jun 1, 2026
via day open
T+1d
-1.72%
call -1.72% · α -1.00%
$141.33
settled 13d ago
T+5d
call — · α —
due 7d ago
T+20d
call — · α —
in 15d
T+60d
call — · α —
in 2mo

Price Chart

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Executive Summary

HPE reported a record fiscal Q2 2026 with revenue of $10.7B (+40% YoY), GAAP EPS of $0.44 (well above the $0.09-$0.13 outlook range), and non-GAAP EPS of $0.79 (above the $0.51-$0.55 outlook). The company raised its full-year FY26 non-GAAP EPS guidance to $3.35-$3.45 and introduced a FY27 growth framework. Additionally, Elliott Investment Management partner Chris Hsu was appointed to the board under an amended cooperation agreement, and the H3C divestiture closed with $1.357B in proceeds. For the preferred stock (HPE-PC), the massive operational outperformance and credit-positive guidance raise are strongly bullish, as they significantly improve the coverage and safety of the preferred dividend.

Key Financial Metrics

Guidance
$11.5B-$12.1B (Q3 FY26)
raised
Free Cash Flow
$915.0M
Gross Margin
36.5%

Actionable Insight

The massive guidance raise and FY27 framework signal sustained operational momentum well ahead of the FY28 plan. For the preferred, the credit profile has materially improved — monitor for any potential redemption or tender announcement given the strong cash position and H3C proceeds.

Key Facts

  • Revenue of $10.7B, up 40% YoY, a record for HPE
  • GAAP diluted EPS of $0.44 vs outlook of $0.09-$0.13
  • Non-GAAP diluted EPS of $0.79 vs outlook of $0.51-$0.55
  • FY26 non-GAAP EPS guidance raised to $3.35-$3.45 (previously $2.30-$2.50)
  • FY26 free cash flow guidance raised to at least $3.5B (from at least $2.0B)
  • FY27 framework introduced: revenue growth 8%-12%, non-GAAP EPS growth 12%-16%, FCF at least $4.5B
  • H3C divestiture completed on May 28, 2026, with $1.357B in cash proceeds
  • Elliott partner Chris Hsu appointed to HPE's Board of Directors
  • Quarterly dividend of $0.1425 per common share declared
  • Cloud AI segment revenue grew 22.9% YoY with operating margin expanding to 12.4% from 6.6%

Financial Impact

Record revenue of $10.7B (+40% YoY), GAAP EPS $0.44 vs $0.09-$0.13 outlook, FY26 non-GAAP EPS guidance raised to $3.35-$3.45, FCF guidance raised to at least $3.5B

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Risk Factors

  • Networking segment operating margin declined YoY (21.6% vs 25.0%) despite revenue growth
  • Inventory increased to $9.0B from $6.4B at year-end, potentially signaling demand normalization
  • Integration risks from Juniper acquisition remain, though synergies are tracking ahead of plan

Market Snapshot

Exchange
NYSE
Sector
Computer & office Equipment

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001645590-26-000052
Exhibit: ex-992x612026x8k.htm0001645590-26-000052
Document: hpe-20260601.htm0001645590-26-000052
Document: 0001645590-26-000052-index-headers.html0001645590-26-000052
Document: 0001645590-26-000052-index.html0001645590-26-000052
Document: 0001645590-26-000052.txt0001645590-26-000052
8-K Data (Synthetic)0001645590-26-000052
9 reports for HPE
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for HPE — sortable, filterable
Type Now
Jun 3, 2026
11d ago
144
NEUTRAL ★ 2/10
$138.52 $126.54▼ −8.65%▼ −6.05%$48.17 (−65.23%)
Jun 1, 2026
13d ago
8-K
BULLISH ★ 7/10
$143.80 $141.33▼ −1.72%▼ −1.00%$48.17 (−66.50%)
May 14, 2026
4w ago
8-K
NEUTRAL ★ 3/10
$88.70 $86.20▼ −2.82%▼ −1.59%$48.17 (−45.69%)
May 5, 2026
5w ago
144
NEUTRAL ★ 2/10
$81.09 $79.49▼ −1.97%▼ −1.64%$48.17 (−40.60%)
May 5, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$30.02 $30.35▲ +1.10%▼ −0.29%$48.17 (+60.47%)
Apr 17, 2026
8w ago
Insider Cluster
NEUTRAL ★ 3/10
$26.43 $27.81▲ +5.23%▲ +5.42%$48.17 (+82.26%)
Apr 3, 2026
10w ago
8-K
NEUTRAL ★ 3/10
$66.89 $67.35▲ +0.69%▲ +0.63%$48.17 (−27.99%)
Mar 11, 2026
13w ago
DEFA14A
NEUTRAL ★ 2/10
$21.58 $21.58· 0.00%▲ +0.60%$48.17 (+123.24%)
Feb 28, 2026
15w ago
Institutional Cluster
BULLISH ★ 7/10
$22.13 $21.64▼ −2.21%▼ −1.30%$48.17 (+117.68%)
Showing 9 of 9

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