Shares rose 7.1% as Hewlett Packard Enterprise delivered record-breaking revenue, gross margin, and operating profit, fueled by strong order growth and expanding AI-driven demand that outpaced supply constraints.
- Revenue reached a record $12.2 billion, up 34% year-over-year.
- Non-GAAP gross margin was a company record at 40%.
- Non-GAAP operating profit doubled-plus to $2 billion, 2.5x higher than a year ago.
- Non-GAAP EPS crossed $1.00 for the first time at $1.11.
- Record order backlog driven by strong demand across networking and Cloud & AI segments despite supply chain challenges.
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