{"id":613916,"date":"2026-09-04T05:42:17","date_gmt":"2026-09-04T05:42:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/613916\/"},"modified":"2026-09-04T05:42:17","modified_gmt":"2026-09-04T05:42:17","slug":"hpe-ceo-on-ai-boom-customers-are-buying-everything","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/613916\/","title":{"rendered":"HPE CEO on AI boom: &#8216;Customers are buying everything&#8217;"},"content":{"rendered":"\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Hewlett Packard Enterprise (<a href=\"https:\/\/finance.yahoo.com\/quote\/HPE\/\" data-ylk=\"slk:HPE;elm:context_link;itc:0;sec:content-canvas;cpos:1;pos:1;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;HPE&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkPosition&quot;:&quot;1&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" class=\"link\" rel=\"nofollow noopener\">HPE<\/a>) is clearly smack in the middle of the AI profit boom.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;Customers are buying everything,&#8221; Hewlett Packard Enterprise CEO Antonio Neri told Yahoo Finance in an interview, pointing to brisk demand in its most recent quarter for routers and servers.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Neri said demand for the company&#8217;s products looks strong through the next decade.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">HPE generated revenue of $12.21 billion in its fiscal third quarter, reported late Wednesday, up 34% year over year. Adjusted earnings per share climbed over 30% to $1.11.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Both the top- and bottom-line figures comfortably surpassed Wall Street consensus estimates.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The strong outperformance was propelled by booming enterprise appetite for AI servers and high-performance networking infrastructure, lifting orders and expanding the company&#8217;s backlog to record levels.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Despite raising its full-year revenue growth outlook to as high as 37%, HPE shares dipped as investors took profits following the stock&#8217;s strong run-up into the report.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The company even raised its revenue growth outlook for fiscal year 2027 to a range of 13% to 17%. Earnings are expected to increase by 16%.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">HPE stock had surged about 109% on the year in the lead-up to the report amid optimism on the Juniper acquisition and strong demand for AI-related equipment.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;We remain sector weight on HPE but increasingly are becoming more constructive,&#8221; KeyBanc analyst Brandon Nispel said. &#8220;Looking forward, FY26 and FY27 guidance was raised, it looks conservative, and there appears to be a number of catalysts with: 1) accelerating networking; 2) Oracle contribution; and 3) AMD Helios and the broader cyclical campus refresh, and secular AI drivers.&#8221;  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><a href=\"https:\/\/finance.yahoo.com\/author\/brian-sozzi\/\" data-ylk=\"slk:Brian%20Sozzi;elm:context_link;itc:0;sec:content-canvas;cpos:2;pos:1;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Brian Sozzi&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkPosition&quot;:&quot;2&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" class=\"link\" rel=\"nofollow noopener\">Brian Sozzi<\/a> is Yahoo Finance&#8217;s Executive Editor, host of the <a href=\"https:\/\/finance.yahoo.com\/videos\/series\/power-players\/\" data-ylk=\"slk:Power%20Players%20with%20Brian%20Sozzi;elm:context_link;itc:0;sec:content-canvas;cpos:3;pos:1;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Power Players with Brian Sozzi&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkPosition&quot;:&quot;3&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" class=\"link\" rel=\"nofollow noopener\">Power Players with Brian Sozzi<\/a> podcast, and a member of Yahoo Finance&#8217;s editorial leadership team. 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