How HPE Stock Gained 22.3% in September
HPE stock soared last month on booming AI data center demand. Here's what drove the rally and why the enterprise computing giant's valuation still looks reasonable.
Overview
Shares of Hewlett Packard Enterprise (NYSE:HPE) rose 22.3% in September 2026, according to data from S&P Global Market Intelligence. It started with a blowout earnings report on Sept. 2. On the tail end, HPE recorded a $1.2 billion order for a new AI server rack. Both stories point to the same theme: HPE has become a serious supplier to the AI data center boom.
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HPE's fiscal third-quarter revenue rose 34% year over year to $12.2 billion, topping the $11.93 billion consensus estimate. Earnings of $1.11 per share cleared the consensus by $0.19, and the company raised guidance for both fiscal 2026 and fiscal 2027. The fourth-quarter revenue forecast of $13.9 billion to $14.8 billion was comfortably ahead of the $13.0 billion analysts expected at the time.
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Originally published at www.fool.com.