Shares of Hewlett Packard Enterprise Co. (NYSE:HPE) jumped in Thursday’s extended trading, catching a tailwind from rival Dell Technologies Inc. (NYSE:DELL) after Dell delivered a blowout first quarter.
HPE stock is climbing. See the price action here.
The catalyst was Dell’s stunning fiscal first-quarter print, reported after Thursday’s close.
Dell posted revenue of $43.84 billion, obliterating the consensus estimate of $35.45 billion, according to Benzinga Pro.
Adjusted EPS came in at $4.86, nearly double the Street’s estimate of $2.94. Total revenue surged 88% year-over-year, with the headline grabber being AI-optimized server revenue of $16.1 billion — up a staggering 757% from the prior-year period.
