Hewlett Packard Enterprise shares sank 7% in extended trading on Wednesday after the company issued disappointing guidance for its fiscal 2026.

At a meeting with analysts, HPE said its adjusted earnings per share for the year would be in the range of $2.20 to $2.40. Analysts were expecting earnings per share of $2.40, according to LSEG.

Revenue growth, meanwhile, will be between 5% and 10%, far lower far lower than Wall Street estimates of 17%.

HPE, which sells data center equipment, said it plans to focus on several "strategic priorities" aimed to improve the company's overall business. That includes focusing on networking technology as part of its recent acquisition of Juniper Networks as well as pitching its various artificial intelligence-related technology offerings to bo

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