Hewlett Packard Enterprise stock reports 34% revenue growth

Hewlett Packard Enterprise stock was trading at USD 62.62 on the NYSE on September 24, 2026, 2.54 percent below its 52-week high of USD 64.25. The company has paired that market level with fiscal third-quarter revenue of USD 12.2 billion, up 34 percent from the prior-year period.

Revenue sets a new Q3 bar

HPE reported the quarter ended July 31, 2026, with record revenue and sharply higher operating profit. According to Business Wire, GAAP operating profit rose 464 percent year over year, while non-GAAP operating profit increased 155 percent.

The underlying earnings comparison was also substantial. HPE delivered GAAP diluted EPS of USD 1.06 in fiscal Q3 2026, versus USD 0.31 in fiscal Q1 2026, while operating margin reached 11 percent after 5 percent in the first quarter.

Guidance moves above 34 percent

HPE raised its fiscal 2026 revenue growth outlook to 34 to 37 percent and lifted networking revenue growth expectations to 73 to 74 percent. The company also raised free cash flow guidance to at least USD 3.75 billion, according to HPE.

That guidance gives the stock a measurable operating benchmark for fiscal 2026. Revenue growth of 34 percent in the latest quarter already sits at the lower end of the full-year range, although the forecast covers the remaining fiscal period as well as the reported quarter.

Stock stays near yearly high

The USD 62.62 price leaves HPE 2.54 percent below its 52-week high and gives the company a market capitalization of USD 82.92 billion as of September 24, 2026. Trading volume stood at 5,654,576 shares, compared with an average volume of 20,663,047.

For investors, the key distinction is between the scale of the reported growth and the valuation level reflected in the share price. HPE's fiscal Q3 revenue expansion, raised annual guidance and USD 3.75 billion minimum free cash flow target provide the core figures for that assessment.

HPE stock holds its yearly range

Hewlett Packard Enterprise stock was trading at USD 62.62 on the NYSE on September 24, 2026 at 11:45 a.m. ET. The 52-week range was USD 19.84 to USD 64.25.