HPE secures USD 1.2 billion order: what it means for HPE stock

Published on 10/26/2026 at 11:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HPE stock costs EUR 50.37 on October 26, 2026. Q3 revenue reached USD 12.21 billion, up 34.00 percent year over year, and adjusted EPS was USD 1.11.

AI order and quarterly results

HPE secured a USD 1.2 billion Vultr order on September 30, 2026.
Fiscal third-quarter revenue reached USD 12.21 billion, up 34.00 percent year over year.
HPE stock traded at EUR 50.37 at 11:12 a.m. CET at Lang & Schwarz on October 26, 2026.
Barclays cut its target to USD 77 from USD 83 on October 14, 2026.

Pop-Art-Comic: Held zeigt auf riesige Serverracks, IT-Infrastruktur US42824C1099 — Hewlett Packard Enterprise US42824C1099 als Pop-Art-Comic mit buntem Techniker-Helden vor leuchtenden Enterprise-Serverracks, Illustration mit AI erstellt.

Hewlett Packard Enterprise (US42824C1099) secured a USD 1.2 billion order from Vultr on September 30, 2026, while its stock was trading at EUR 50.37 at Lang & Schwarz at 11:12 a.m. CET on October 26, 2026. The order covers AMD Helios AI systems for Vultr data centers, according to Hewlett Packard Enterprise.

AI infrastructure drives the order

The deal is HPE's first order for AMD Helios systems and combines rack-scale computing, networking and liquid cooling. Vultr plans to deploy the systems at data centers in the United States, giving HPE a concrete customer reference for its open AI infrastructure strategy, the company said in its September 30 release.

The order followed fiscal third-quarter results for the period ended July 31, 2026. HPE reported GAAP revenue of USD 12.21 billion, up 34.00 percent from the prior-year quarter, while non-GAAP diluted earnings per share reached USD 1.11, according to Hewlett Packard Enterprise.

What does the order mean for margins?

The fiscal third-quarter non-GAAP operating margin was 16.20 percent, compared with 8.50 percent in the prior-year quarter. Networking revenue rose 74.90 percent to USD 2.90 billion, while Cloud and AI revenue increased 25.40 percent to USD 9.00 billion. Those figures show why investors are weighing the scale of AI demand against the profitability of delivering large infrastructure projects.

Three dates show the changing story

On September 2, 2026, HPE reported USD 12.21 billion of quarterly revenue and raised its fiscal 2026 outlook. On September 30, 2026, it announced the USD 1.2 billion Vultr order. On October 14, 2026, Barclays downgraded HPE to Equal Weight and cut its target from USD 83 to USD 77, as reported by MarketBeat.

Upcoming dates keep attention on execution

HPE is scheduled to appear at the UBS 30th Annual Global Technology and AI Conference on December 2, 2026, followed by the Barclays 24th Annual Global Technology Conference on December 9, 2026. The investor-relations calendar identifies both dates and names HPE strategy chief Shannon Cross as a speaker for the UBS event.

Stock price and investor perspective

HPE's latest quarterly figures provide a stronger operating reference than the order alone: revenue growth reached 34.00 percent and the non-GAAP operating margin expanded to 16.20 percent for the fiscal third quarter. The counterpoint is analyst caution, with Barclays moving its target from USD 83 to USD 77 on October 14, 2026.

HPE stock was trading at EUR 50.37 at Lang & Schwarz on October 26, 2026 at 11:12 a.m. CET.

The further course of trading is shown by the continuously updated real-time quote of HPE stock.