Summary
HPE CEO Antonio Neri joined Bloomberg Tech following a quarter in which the company posted 34% revenue growth, driven by surging demand for AI infrastructure. Despite the strong results exceeding internal guidance, shares came under pressure as the numbers fell short of elevated Wall Street expectations — falling as much as 12% before recovering.
Neri detailed two major developments underpinning HPE’s outlook: a strategic expansion with Oracle to build gigawatt-scale infrastructure using HPE’s Juniper networking products including scale-out queue switches and PDX routers, and a separate multi-billion dollar traditional server contract with an unnamed hyperscaler using HPE hardware for internal AI inferencing. He addressed questions about Oracle’s equity warrants in the arrangement, describing it as incentive alignment for mutual growth rather than circular financing.
On supply chain dynamics, Neri echoed themes from Nvidia’s recent earnings: AI demand continues to significantly outpace supply across networking and server segments. HPE guided for Q4 revenue growth of nearly $2 billion quarter-over-quarter, with 14–17% full-year growth backed by multi-year supplier agreements. Enterprise AI adoption was called out alongside hyperscaler spending as a broadening demand driver heading into 2027.
📺 Source: Bloomberg Tech · Published September 03, 2026
🏷️ Format: Interview
