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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Aaron Rakers | Wells Fargo | 8 questions · 38% challenging |
| Amit Daryanani | Evercore ISI | 8 questions · 25% challenging |
| Tim Long | Barclays | 7 questions · 14% challenging |
| Samik Chatterjee | JPMorgan | 7 questions · 43% challenging |
| Wamsi Mohan | Bank of America | 6 questions · 33% challenging |
| Dave Vogt | UBS | 6 questions · 0% challenging |
| Erik Woodring | Morgan Stanley | 5 questions · 60% challenging |
| Simon Leopold | Raymond James | 5 questions · 0% challenging |
| Asiya Merchant | Citigroup | 5 questions · 0% challenging |
| Matt Niknam | Truist Securities | 4 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wells Fargo | 1 analyst | 8 questions · 38% challenging |
| Evercore ISI | 1 analyst | 8 questions · 25% challenging |
| JPMorgan | 2 analysts | 8 questions · 38% challenging |
| Morgan Stanley | 2 analysts | 8 questions · 38% challenging |
| Bank of America | 2 analysts | 7 questions · 29% challenging |
| Barclays | 1 analyst | 7 questions · 14% challenging |
| Raymond James | 2 analysts | 6 questions · 0% challenging |
| UBS | 1 analyst | 6 questions · 0% challenging |
HPE posted record fiscal Q2 revenue of $10.7 billion, up 40% as reported (high teens on a Juniper-normalized basis), with non-GAAP EPS of $0.79 (up 108%) and GAAP EPS of $0.44, both above the high end of guidance. Cloud and AI revenue rose 23% to $7.7 billion on a more-than-doubling of traditional server orders and accelerating AI inferencing demand, while normalized Networking revenue grew 10% to $2.7 billion as the Juniper integration ran ahead of schedule. Gross margin expanded to 36.9% and operating margin reached 13.3%, aided by Catalyst cost savings and Juniper synergies, lifting free cash flow to $915 million and improving pro forma net leverage to 2.3x. Management raised the full-year fiscal 26 non-GAAP EPS outlook by over 40% to $3.35 to $3.45 and free cash flow to at least $3.5 billion, and introduced a fiscal 27 framework of 8% to 12% revenue growth. Elevated DRAM and NAND costs and component supply constraints remain the gating factor on converting a record backlog, though management reported no demand pull-ins or cancellations.
Cloud & AI | Demand | Margin | Revenue Growth | M&A | Competitive Dynamics | Supply Chain | Pricing | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 8 | 4 | 2 | 1 | 1 | ||
| 2025Q1 | 6 | 4 | 7 | 2 | 1 | 2 | 1 | 2 |
| 2025Q2 | 6 | 5 | 5 | 3 | 1 | 2 | 1 | |
| 2025Q3 | 4 | 1 | 3 | 1 | 5 | 4 | ||
| 2025Q4 | 3 | 3 | 1 | 3 | 3 | 1 | 2 | |
| 2026Q1 | 3 | 4 | 3 | 2 | 3 | 2 | 2 | 3 |
| 2026Q2 | 3 | 5 | 1 | 3 | 1 | 1 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Cloud & AI | 6 | 6 | 6 | 4 | 3 | 3 | 3 |
| Demand | 8 | 4 | 5 | 1 | 3 | 4 | 5 |
| Margin | 4 | 7 | 5 | 3 | 1 | 3 | 1 |
| Revenue Growth | 2 | 2 | 3 | 1 | 3 | 2 | 3 |
| M&A | 1 | 1 | 5 | 3 | 3 | 1 | |
| Competitive Dynamics | 1 | 2 | 2 | 4 | 2 | 1 | |
| Supply Chain | 1 | 1 | 1 | 1 | 2 | 3 | |
| Pricing | 2 | 2 | 3 | 2 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $8.48B | +15.7% | $1.00 | +104.1% | 9.7% | 16.1% | $1.42B |
| FY2025 Q1 | $7.81B | +16.0% | $0.42 | +44.8% | 6.0% | 8.0% | $-918M |
| FY2025 Q2 | $7.59B | +5.7% | $-0.82 | -441.7% | 3.4% | -13.8% | $-1.01B |
| FY2025 Q3 | $9.20B | +19.9% | $0.19 | -50.0% | 5.4% | 3.3% | $729M |
| FY2025 Q4 | $9.70B | +14.3% | $0.11 | -89.0% | 4.4% | 1.8% | $1.82B |
| FY2026 Q1 | $9.30B | +19.1% | $0.31 | -26.2% | 9.7% | 4.5% | $609M |
| FY2026 Q2Selected | $10.68B | +40.7% | $0.44 | +153.7% | 7.0% | 5.8% | $827M |
| FY2026 Q3 | $12.21B | +32.7% | $1.06 | +457.9% | 11.4% | 12.6% | $2.79B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q2 2026Earnings call Jun 1, 2026
FY2026 Q2 in brief
HPE posted record fiscal Q2 revenue of $10.7 billion, up 40% as reported (high teens on a Juniper-normalized basis), with non-GAAP EPS of $0.79 (up 108%) and GAAP EPS of $0.44, both above the high end of guidance.
Newest quarter FY2026 Q3 is part of Pro · see what Pro adds →
GAAP revenue YoY +40.7% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Hewlett Packard Enterprise (HPE), FY2026 Q2: 9/10. Scores: Hewlett Packard Enterprise’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: HPE daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What HPE and other companies said about each other on FY2026 Q2 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“closing our previously announced H3C transactions last month”
HPE closed the sale of its remaining H3C stake for ~$1.4B in gross proceeds, using the cash to accelerate debt paydown.
“1 win that brings the power of the full HP portfolio together is the Dallas Cowboys.”
The Dallas Cowboys chose HPE GreenLake private cloud, servers, storage and virtualization for an infrastructure modernization, a notable enterprise AI-foundation win.
“Lowe's chose HPE to deliver the network foundation for a major technology transformation to support its digital on ramp in AI enabled operations.”
Lowe's selected HPE for a major network transformation across its 1,750+ stores, indicating Lowe's is investing in AI-enabled retail operations and network modernization.
“HPE for the 20th time in a row was named a leader in the Gartner Magic Quadrant for Enterprise wire and wireless LAN infrastructure.”
HPE cites Gartner's Magic Quadrant leadership, reflecting the continued industry authority of Gartner's analyst rankings in enterprise networking.
“we believe now we are the largest OEM partner of Broadcom in the networking space.”
HPE describes itself as Broadcom's largest networking OEM partner, a positive signal for Broadcom's networking-silicon demand from HPE's growing AI networking business.
“By the way, deep, deep integration with NVIDIA.”
HPE's private cloud AI offering features deep integration with NVIDIA, including the first NVIDIA-certified file storage platform, reinforcing NVIDIA's enterprise-AI footprint.
“HPE is developing a scale up Ethernet switch and specifically for the AMD Helios AI rack scale architecture which we expect will be introduced in the fall.”
HPE is building a scale-up Ethernet switch for AMD's Helios AI rack-scale architecture, a positive signal for AMD's AI rack ecosystem gaining OEM support.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
HPE Hewlett Packard Enterprise | 9 | +40.7% | |
| CIEN Ciena Corporation | 10 | +39.5% | |
| CSCO Cisco Systems, Inc. | 9 | +12.0% | |
| ECHO EchoStar Corporation | Newest quarter — available with Pro | Newest quarter — available with Pro | |
| LITE Lumentum Holdings Inc. | Newest quarter — available with Pro | Newest quarter — available with Pro | |
| MSI Motorola Solutions | Newest quarter — available with Pro | Newest quarter — available with Pro | |
| ZBRA Zebra Technologies | Newest quarter — available with Pro | Newest quarter — available with Pro |
Newest-quarter details for 4 peers (score, revenue, headline, themes and macro signals) are available with Pro.