Hewlett Packard Enterprise (HPE) delivered fiscal second-quarter results that topped analysts’ expectations and narrowed its full-year profit forecast.
The server maker posted revenue of $7.63 billion, up 6% year-over-year and above the analyst consensus from Visible Alpha. Its adjusted net income of $545 million, or 38 cents per share, fell from $561 million, or 42 cents per share, in the year-ago quarter, but topped estimates.
HP Enterprise shares gained over 3% in after-hours trading. The stock was down 17% for 2025 through Tuesday’s close.
Looking ahead, HP Enterprise raised the low end of its full-year forecast for adjusted earnings per share to $1.78 from $1.70, while keeping the high end at $1.90. Wall Street had called for adjusted EPS of $1.78. Meanwhile, the company’s third-quarter revenue forecast of $8.2 billion to $8.5 billion beat analysts’ expectations, and its adjusted EPS estimate of 40 cents to 45 cents landed roughly in line.
The results come after the company reported in April that activist investor Elliott Investment built a more than $1.5 billion stake in the company. The firm has been in the spotlight recently for its influence on the operations of Southwest (LUV), which recently implemented a number of changes including ending its “two bags fly free” policy.
HP Enterprise CFO Marie Myers said the company remains focused on “achieving efficiencies and streamlining operations across our businesses.”
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