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HPE is raising its sales forecast as AI demand for servers surges but stock slips

The company posted record quarterly revenue of $12.2 billion but stock slipped after results fell short of some investor expectations

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Hewlett Packard Enterprise raised its fiscal 2026 revenue growth forecast to a range of 34% to 37%, up from a prior range of 29% to 33%, after reporting record quarterly sales driven by demand for AI servers and networking equipment.

Third-quarter revenue rose 34% from a year earlier to $12.2 billion, the company said. HPE also raised its adjusted earnings per share forecast for the full year to between $3.75 and $3.85, up from a prior range of $3.35 to $3.45.

HPE stock........

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