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Q1 earnings beat → Non-GAAP EPS of $0.65 exceeds guidance range; FY 2026 guidance raised

Hewlett Packard Enterprise reported diluted non-GAAP EPS of $0.65 in Q1, exceeding guidance of $0.57-$0.61, though Q1 sales of $9.30B slightly missed the $9.35B consensus. The company raised its full-year 2026 earnings guidance and affirmed a dividend of $0.1425 per share, with Morgan Stanley raising its target from $23 to $25. Demand for AI-optimized servers with Nvidia chips and higher-margin order prioritization drove the positive revisions.

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