Hewlett Packard Enterprise raised its fiscal 2026 and 2027 outlook after fiscal third-quarter revenue and adjusted earnings topped Wall Street estimates, powered by artificial-intelligence demand for servers and high-performance networking, even as shares slipped when investors took profits following a roughly 109% year-to-date surge into the report. Revenue rose 34% year over year to $12.21 billion and adjusted earnings per share climbed more than 30% to $1.11, both comfortably above consensus, while Cloud and AI revenue hit a record $9 billion, AI Systems revenue was nearly $1.6 billion with orders up more than 30% sequentially to $2.4 billion, and networking revenue reached $2.9 billion. CEO Antonio Neri said customers are buying everything and that product demand looks strong through the next decade, as normalized orders surged 42%, backlog hit records, and inventory rose to about $11.8 billion amid supply constraints that management expects to remain very tight through 2028. HPE lifted full-year revenue growth guidance to as high as 37%, raised fiscal 2026 adjusted EPS to $3.75–$3.85 and revenue to $45.957 billion–$46.986 billion, and projected fiscal 2027 revenue growth of 13%–17% with earnings expected to increase by 16% and operating margin of 14%–15%. KeyBanc said it remains sector weight but more constructive, citing raised fiscal 2026 and 2027 guidance that looks conservative and catalysts including accelerating networking, Oracle contribution, AMD Helios, campus refresh, and secular AI drivers, alongside HPE’s expanded Oracle collaboration and a $600 million Juniper integration run-rate savings target by fiscal 2028.