AI Demand Lifts HPE and NetApp to Record Quarters, Cash Flow Slips
HPE posted record AI orders of $3.1B and a $7.6B AI backlog for its fiscal Q3, with data center networking and routing revenue surging. NetApp’s fiscal 2027 Q1 delivered $2.58 EPS on record $2.03B revenue, growth in all-flash and public cloud, but free cash flow fell to $401M; it also declared a 52-cent quarterly dividend.