Veytics Intelligence
2026-09-12 · NASDAQ

HPE's $7.6 Billion AI Backlog Is Waiting on Memory Supply to Catch Up

Key Points Demand for hardware to run AI continues to rise, with total orders up 42%. Bookings are outpacing shipments as component shortages slow the pace of product deliveries. At roughly 12 times forward earnings, the stock trades at a discount despite raising its outlook. 10 stocks we like better than Hewlett Packard Enterprise › Hewlett Packard Enterprise (NYSE: HPE) supplies the servers, networking gear, and storage that businesses and governments need to run artificial intelligence (AI) applications in their own data centers. The company reported record third-quarter results last week, leading management to raise its full-year outlook. HPE also bumped up its fiscal 2027 guidance, projecting at least $5 billion in free cash flow for the year.

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