HPE vs SMCI: AI Stock Comparison

Hewlett Packard Enterprise Company vs Super Micro Computer, Inc.: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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$SMCI scores higher on AI exposure (5/5 vs 3/5) under our published rubric. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: Both have a catalyst on Nov 15, 2026.
$HPE
Hewlett Packard Enterprise Company
Servers, networking (Juniper) and hybrid cloud.
$SMCI 🏆
Super Micro Computer, Inc.
Rack-scale AI server systems.
AI exposure score⚡⚡⚡⚡⚡ 3/5⚡⚡⚡⚡⚡ 5/5
Shares outstanding1.33B
as of 2026-08-27 · 10-Q cover page · SEC filing
657.0M
as of 2026-07-31 · 10-K cover page · SEC filing
CategoryAI servers & hardwareAI servers & hardware
Key metrics
Revenue (latest quarter) $12.21B
10-Q period ended 2026-07-31; +34% y/y · SEC filing
Operating income $1.39B
Same quarter; 11% operating margin · SEC filing
Net income $1.54B
Same quarter · SEC filing
Revenue (latest fiscal year) $39.06B
10-K period ended 2026-06-30; +78% y/y · SEC filing
Gross margin 10.8%
Gross profit / revenue, same fiscal year · SEC filing
Operating income $2.77B
Same fiscal year; 7% operating margin · SEC filing
Next earnings
Nov 23, 2026 confirmed
Hewlett Packard Enterprise Company quarterly earnings · source
Not yet announced / not on our calendar
Next catalyst
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Upcoming catalysts
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Nov 23, 2026 confirmed
Hewlett Packard Enterprise Company quarterly earnings · source
Nov 15, 2026 – Nov 20, 2026
SC26 Supercomputing Conference · source
Most recent reportedNot yet announced / not on our calendar
Nov 3, 2026
Super Micro Computer, Inc. reports quarterly results · source
AI server maker; read on GPU rack shipments and margins.
Key risks
  • “Issues in the development and use of artificial intelligence may result in reputational harm, liability, or impact to our results of operations.” — 10-K risk factor (filed 2025-12-18) · source
  • “System security risks, data protection incidents, cyberattacks and systems integration issues could disrupt our internal operations or IT services provided to customers, and any such…” — 10-K risk factor (filed 2025-12-18) · source
  • “Our sales are concentrated in a few large customers, and if we lose or experience a significant reduction in sales to any key customer, or any key customer experiences a significant decline…” — 10-K risk factor (filed 2026-08-31) · source
  • “We are subject to complex laws, rules, regulations, and political and other actions, including restrictions on the export of our products, which may adversely impact our business.” — 10-K risk factor (filed 2026-08-31) · source
AI angle

HPE sells AI systems and supercomputers plus networking after acquiring Juniper. AI server backlog and margin on those systems are what investors watch.

Supermicro builds GPU servers and liquid-cooled racks for AI clouds and enterprises. Revenue swings with GPU supply and a few large customer orders; margins are thin for the sector.

Full analysis: $HPE →Full analysis: $SMCI →

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