On September 30, Hewlett Packard Enterprise rose over 5% in pre-market trading. On the news front, Hewlett Packard Enterprise recently announced it will support NVIDIA BlueField-4 DPU across its entire product lineup and integrate NVIDIA OpenShell into its private cloud AI offerings, marking a significant deepening of the two companies' collaboration on AI infrastructure.

Morgan Stanley highlighted that Hewlett Packard Enterprise's strong order growth underpins an upbeat fiscal 2027 outlook, noting that AI systems backlog has reached approximately $7 billion. The brokerage pointed to a 36% increase in networking orders and a 75% rise in traditional server orders during fiscal Q3, with order and backlog trends indicating demand durability into 2027.

It is worth noting that Hewlett Packard Enterprise reported fiscal Q3 non-GAAP earnings of $1.11 per diluted share, up from $0.44 a year earlier, with net revenue rising to $12.21 billion from $9.14 billion. BofA Securities also maintained an upward bias on 2027 estimates, citing multi-year supply commitments and the company's revenue growth guidance of 13% to 17%.

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