HPE stock closes at record $63.89 on $1.2 billion AMD Helios order

October 1, 2026 at 02:12 AM2 min

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Hewlett Packard Enterprise stock closed at a record $63.89 on Wednesday, up nearly 4%, after the company announced a $1.2 billion order from Vultr for its AMD-powered Helios AI server racks. The company also raised its fiscal 2026 networking orders forecast to exceed $3 billion, surpassing prior guidance of $2.5 billion to $3 billion. The gains come as HPE's year-to-date stock surge reached 166%.

Key Facts

HPE stock closed at $63.89, a record high, after rising 3.90% on Wednesday.
HPE secured a $1.2 billion order from Vultr to deploy Helios AI server racks powered by AMD chips at Vultr's US data centers.
HPE expects fiscal 2026 networking orders to exceed $3 billion, up from prior guidance of $2.5 billion to $3 billion.
HPE raised its fiscal 2027 networking revenue growth outlook to high-teens to low-20s percent.
HPE's stock has surged 166% year to date.

Record Stock Close

Hewlett Packard Enterprise shares closed at $63.89 on Wednesday, a record high, after jumping 3.90% during the trading session. The stock has surged 166% year to date, driven by demand for AI servers and high-performance networking infrastructure. CFO Marie Myers told Yahoo Finance that demand continues to outpace supply, keeping the company in a supply-constrained environment. Myers added that AI tailwinds are not changing anytime soon.

Networking Orders Forecast

At its investor day, HPE executive vice president Rami Rahim said the company expects fiscal 2026 networking orders to exceed $3 billion. That forecast surpasses the third quarter guidance of $2.5 billion to $3 billion. HPE also raised its fiscal 2027 revenue growth outlook for the networking segment to a high-teens to low-20s percent range. Networking segment operating margins are forecast in the mid-to-high 20s percent range. Rahim said the combination of Juniper and Aruba positions HPE to win in the expected market growth opportunities.

AMD Helios Order

HPE announced a $1.2 billion order from Vultr, a privately held cloud infrastructure company, to deploy Helios AI server racks powered by AMD chips at Vultr's US data centers. The deal marks HPE's first order for the new AMD Helios system. Myers described the switch unveiled on the floor as a work of art, with 1,700 copper cables packed into the massive switch. She said HPE increased its revenue guide for 2027 and 2028, reflecting the power of the portfolio coming together.