Hewlett Packard Enterprise (HPE) shares dropped 7% in extended trading after providing a disappointing forecast for fiscal 2026. The company expects adjusted earnings per share to be between $2.20 and $2.40, below analyst expectations of $2.40. Revenue growth is projected to be 5% to 10%, falling short of the estimated 17%. CEO Antonio Neri outlined strategic priorities, including focusing on networking technology and artificial intelligence offerings. HPE’s board approved an additional $3 billion in share buybacks, totaling $3.7 billion. In March, HPE announced a 5% reduction in employee headcount, eliminating around 2,500 jobs.

Read more at CNBC: HPE stock sinks 10% on weak guidance for fiscal 2026