Hewlett Packard Enterprise Comp (HPE) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- —
- Estimate
- $0.93
- Surprise
- —
- Revenue (period 2026-07-31)
- $12.21B
- Score at report (before → after)
- 6.4 → 6.4/10
Revenue source: xbrl.
How the report landed
TrendMatrix's engine moved from Hold (6.4/10) to Sell at 6.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates HPE Sell at 6.3/10.
4 of the last 4 quarters beat the estimate. Next scheduled report: 2026-12-03.
What supports the rating
- Strong earnings beat streak (4/4)
- Attractive valuation
What argues against it
- Concentration risk — Geographic: international (non-US) revenue (61.0%)
- Concentration risk — Supplier: Intel/AMD/Broadcom/NVIDIA single-source
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $55.47
- Price target
- $64.57
- Stop
- $53.79
- Upside to target
- +16.4%
- Reward-to-risk
- 1.1:1
The stock trades at 28.9× trailing but 12.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-16 — shown for context, not personalized investment advice.
HPE at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Communication Equipment
- Market cap
- $77.83B
- P/E (fwd)
- 12.5
- P/E (ttm)
- 28.9
- 52-week range
- $19.84–$73.56
- Off 52-week high
- 24.6%
- RSI (14)
- 40
- Volume vs avg
- 0.64×
- Score today
- 6.3/10