{
  "id": 6921082,
  "title": "HPE's $7.6 Billion AI Backlog Is Waiting on Memory Supply to Catch Up",
  "url": "https://urgent.news/2026/09/12/hpes-7-6-billion-ai-backlog-is-waiting-on-memory-supply-to-catch-up",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-12T11:45:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/09/12/hpe-billion-ai-backlog-waiting-memory-supply/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Hewlett Packard Enterprise (HPE) is facing a potential investment opportunity as its $7.6 billion backlog of artificial intelligence (AI) orders is contingent upon the availability of memory and storage supplies. The company reported impressive third-quarter results, leading management to raise its full-year outlook. HPE's fiscal 2027 guidance has also been adjusted, projecting at least $5 billion in free cash flow for the year. In Q3, revenue increased by 34% year-over-year to $12.2 billion, with adjusted earnings rising 152% to $1.11 per share. However, the surge in AI orders, totaling $3.1 billion, has caused the backlog to grow to $7.6 billion. Traditional server bookings have also surged by 75% as customers purchase AI-enabled hardware. The company's success is largely dependent on memory and storage drives, which are currently in short supply, indicating that there may be a significant investment potential for HPE amidst this demand.",
  "summary": "The company's enterprise and government customers are driving a surge in AI orders.",
  "key_points": [
    "HPE's $7.6 billion AI backlog depends on memory and storage supply",
    "Q3 revenue grew 34% to $12.2 billion, adjusted earnings 152% to $1.11/share",
    "Memory and storage shortages may create significant investment potential for HPE"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}