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Hewlett Packard Enterprise reported third-quarter earnings and revenue that exceeded analyst expectations.

Hewlett Packard Enterprise reported fiscal third-quarter adjusted earnings per share of $1.11, surpassing analyst estimates of $0.92. The company's revenue rose 34% year over year to $12.2 billion, which also beat consensus estimates of $11.99 billion.

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In response to these results, Hewlett Packard Enterprise raised its outlook for fiscal 2026 and fiscal 2027. The company now expects fiscal 2026 earnings per share to be between $3.75 and $3.85, and revenue growth to be between 34% and 37%. For fiscal 2027, the company expects earnings per share growth of 16% to 20% and revenue growth of between 13% and 17%. Despite the strong performance, Hewlett Packard Enterprise shares fell approximately 5% in after-hours trading. Management noted that operating margins are expected to decline sequentially due to a higher mix of AI systems and pricing. The company also announced an expanded collaboration with Oracle to scale global AI infrastructure by deploying HPE Juniper Networking across Oracle's AI data centers.

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