Hewlett Packard Stock Climbs After Q1 Earnings: Here's Why

Hewlett Packard Enterprise Co. (NYSE:HPE) shares climbed Monday's extended trading after the company released its first-quarter earnings report, beating EPS estimates and raising guidance.

Here's a look at the key figures from the quarter. 

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The Details: Hewlett Packard reported quarterly earnings of 65 cents per share, which beat the consensus estimate of 55 cents, according to data.

Quarterly revenue came in at $9.301 billion, which just missed the Street estimate of $9.337 billion and was up from $7.85 billion in the same period last year.

Hewlett Packard reported the following first quarter segment results:

• Networking revenue was $2.7 billion, up 151.5% from the prior-year period, with 23.7% operating profit margin, compared to 29.7% from the prior-year period.
• Cloud and AI revenue was $6.3 billion, down 2.7% from the prior-year period, with 10.2% operating profit margin, compared to 8.4% from the prior-year period.
• Corporate Investments and Other revenue was $261 million, down 2.2% from the prior-year period, with -4.6% of operating profit margin, compared to -3.0% from the prior-year period.
  

“HPE delivered a strong first quarter, outperforming in our networking business and posting one of our most profitable quarters on record,” said Antonio Neri, president and CEO of HPE. 

Outlook: Hewlett Packard raised its fiscal 2026 adjusted EPS guidance to $2.30 to $2.50, versus the $2.35 analyst estimate, and affirmed its revenue outlook in a range of $40.13 billion to $41.84 billion, versus the $40.83 billion estimate.

HPE Stock Price: According to data, Hewlett Packard stock gained 2.61% to $22.38 in Monday's extended trading.  

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