watch nowHewlett Packard Enterprise shares skyrocketed 30% on Monday after the tech company posted blockbuster second-quarter results that blew away estimates.Here's how the company did compared to LSEG estimates:Earnings per share: 79 cents adj. vs. 53 cents expectedRevenue: $10.68 billion vs. $9.79 billion expectedIt was the company's biggest EPS beat since February 2018.Revenue was up 40% over a year ago.Overall Cloud & AI revenue came in at $7.71 billion, topping the StreetAccount estimate of $6.87 billion, but it was the company's server unit that really impressed. Server revenue, which is a sub-division of the Cloud & AI unit, came in at $5.45 billion, blowing away the $4.66 billion expected by analysts.The server maker bumped its full-year EPS guidance by a full dollar, projecting fiscal year 2026 EPS of $3.35 to $3.45, up from $2.30 to $2.50. The company said it is now tracking two years ahead of its own long-term financial plan.CEO Antonio Neri told CNBC's Kristina Partsinevelos that traditional server bookings are up triple digits, and it is the biggest backlog the company has ever seen."Customers continue to invest in modernizing their infrastructure and scaling AI, and our performance shows the strength of our combined networking portfolio," Neri said in a release announcing the quarterly results.Net income came in at $624 million, or 44 cents per share, compared to a net loss a year ago. HPE posted a net loss of $1.05 billion, a loss of 82 cents per share, a year ago.Read more CNBC tech newsSpaceX skeptics have added reason for concern after Musk comments diverge from IPO filingInfighting, court battles could put long-hyped air taxi breakthrough in jeopardyBlue Origin rocket explodes on launchpad during ground testNvidia is investing billions into an emerging technology that could change the AI industryThe stock surge comes following the company's announcement of a new server rack on Monday at the Computex conference in Taiwan. The new server will be powered by Nvidia's new Vera central processing units, which are now in full production."This is going to be our new major growth driver," Nvidia CEO Jensen Huang said during his keynote at Computex on Monday. He said millions of the new CPUs are currently being made, and will be available starting in the fall.The New York Stock Exchange is one customer that plans to use the new Nvidia chips on HPE's new server, to help it process more than a trillion messages per day.Neri said it's a task well suited to his company's newest ProLiant server because it's optimized for agentic AI workloads. "These workloads require high-performance servers with exceptional CPU performance to enable real-time reasoning across agentic AI and financial services applications," he said in a press release Monday. "We are delivering a new class of infrastructure to help customers accelerate insights and operate with confidence in the most demanding environments."With the new HPE server, "enterprises can put Vera to work, and NYSE shows what purpose-built AI infrastructure can do in the world's most demanding environments," Nvidia's Huang said in a release.The new 12th generation ProLiant server will be available in the fall.Stock Chart IconStock chart iconHPE one-day stock chart.