As memory semiconductor prices surge, Hewlett Packard Enterprise Company (HPE) said it expects results to beat market forecasts on the back of solid demand for artificial intelligence (AI) servers.
Antonio Neri, HPE chief executive officer (CEO), said on the 9th (local time) in the fiscal 2026 first-quarter earnings release, "Memory prices have risen by triple-digit percentages and will continue to climb by double digits," but added, "There are no signs of a demand slowdown so far. Customers are more sensitive to how quickly they can receive products than to price."
HPE posted first-quarter revenue of $9.3 billion (about 13.67 trillion won), up 18% from a year earlier. Non-GAAP earnings per share (EPS) were $0.65, a record high, it said. Growth was driven by the networking business and expanding demand for AI-related infrastructure.
For second-quarter guidance, it projected revenue of $9.6 billion to $10.0 billion and EPS of $0.51 to $0.55. Market expectations are $9.57 billion and $0.53, respectively.