Hewlett Packard Enterprise reported third-quarter fiscal 2026 revenue of $12.2 billion, up 34% year over year from $9.1 billion and above Wall Street’s approximately $11.99 billion estimate. Adjusted earnings per share reached $1.11, exceeding the $0.93 consensus by roughly 18% and marking the first quarter in which non-GAAP EPS surpassed $1.00. Free cash flow rose to $958 million, a Q3 record in the company’s history, while non-GAAP operating margin expanded to 16.2% from 8.5% a year earlier. The company raised its fiscal 2026 revenue-growth forecast to 34%-37%, from 29%-33%, and issued fourth-quarter revenue guidance of $13.9 billion to $14.8 billion, above analysts’ $13.02 billion estimate. Full-year adjusted EPS guidance increased to a $3.80 midpoint, about 12% higher. AI Systems revenue reached approximately $1.6 billion, with $2.4 billion in new orders and a record backlog. AI-focused networking generated $700 million in Q3 orders and $2.2 billion in year-to-date bookings. GreenLake, HPE’s cloud services platform, expanded its customer base 18% to 52,000 users, while Private Cloud AI orders grew by a triple-digit percentage. Chief Executive Antonio Neri called artificial intelligence a multiyear growth driver as customers move from pilot projects to production deployments. HPE also deepened its partnership with Oracle, with HPE Juniper networking solutions supporting a major AI cloud infrastructure project. Supply constraints involving high-bandwidth memory and DDR5 components are delaying the conversion of orders into revenue and are expected to continue into the following year. Shares initially fell about 5% in extended trading as investors focused on the prospect of gross-margin normalization, then rose approximately 5% to $54.44 during post-earnings trading on September 5 before closing near $52.09. The stock has returned roughly 114% since the start of 2026. HPE expects fiscal 2027 revenue growth of 13%-17%, below its 2026 outlook. Its board declared a quarterly cash dividend of $0.1425 per share, payable October 16, 2026, to shareholders of record September 17. During the September 5 session, shares traded between $51.49 and $54.64 on the New York Stock Exchange.