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Jun 1, 2026 4:00 PM

Hewlett Packard Enterprise Earnings: Can It Ride Dell's AI Wave?

Hewlett Packard Enterprise Co. (NYSE:HPE) reports second-quarter results tonight after the bell, and the timing couldn’t be more electric. 

Shares are already surging 6.92% on the day, trading at $46.05, nearly kissing a new 52-week high of $46.40, as investors front-run what they hope will be a repeat of Dell Technologies Inc. (NYSE:DELL) blockbuster print last Thursday.

HPE stock is climbing ahead of earnings. See the price action here. 

Dell's Q1 Blowout

Dell’s first quarter FY2027 results were the talk of Wall Street last week, with the company posting $4.86 in EPS against a consensus of $2.94 and reporting AI-optimized server revenue up 342% year-over-year to $9 billion in a single quarter. 

The AI infrastructure supercycle is clearly real, and now the market wants to know whether HPE can stake its own claim.

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