HPE

Q3 FY26 (Sep 2 AMC): record $12.2B revenue (+34% YoY), non-GAAP EPS $1.11, raised FY26 revenue growth to 34-37% and non-GAAP EPS to $3.75-$3.85; FY27 framework 13-17% growth. Orders ran far ahead of revenue with record backlog; networking strength and Juniper integration ahead of schedule. After initial sell-the-news on supply/margin worries, Sep 9 closed $58.90 (+5.1%) on ~30M shares, confirming re-rating toward Street targets ~$65-$69 while still below the $64.25 52-week high. Expect further digestion over 3 sessions. Invalidation: break of Sep 9 low $56.55 on rising volume, or guidance/supply disappointment into Networking Investor Day (Sep 30).