HPE, Oracle, and Adobe earnings come next week

• HP Enterprise ( HPE ) fell 12% to $21.13 despite 150% network growth, net income fell from $1.37B to $305M; Oracle ( ORCL ) down 21% to $152.96, 68% IaaS growth, $523B backlog; Adobe (ADBE) down 19% to $283.62, $10.03B cash flow.

• Earnings reports next week test whether HP’s Enterprise Juniper integration is working, Oracle Cloud revenue is matching its backlog, and Adobe’s AI features are growing.

• An analyst named NVIDIA just named his top 10 AI stocks in 2010. Get it for free here.

It’s a busy week for tech earnings, and three companies come out with very different stories to tell.

Hewlett-Packard Company (NYSE:HPE) reports after the market close on Monday, and the headline question is simple: Does the Juniper Networks acquisition really work?

HPE’s latest quarter showed 150% growth in network revenue directly tied to the Juniper deal, but net income fell to $305 million from $1.37 billion a year earlier, reduced by integration costs and a $1.621 billion goodwill loss in the Hybrid Cloud segment. For FY1 FY2026, HPE has guided for revenue of $9.0 billion to $9.4 billion.

READ: The analyst named NVIDIA in 2010 Just naming his top 10 AI stocks

The stock is down about 12% year-to-date, sitting at $21.13 versus the $26.01 analyst target. Forecast markets at PolyMarkets are pricing in an 87% probability that HPE will beat earnings, which is remarkable given the mixed fundamental picture.

oracle (NYSE:ORCL) reports after Tuesday’s close, and the market is still processing what happened last quarter. Oracle beat EPS estimates by a wide margin but missed revenue expectations, and the stock sold off sharply on concerns of higher capex.

The basic movement of the business is really impressive. IaaS revenue grew 68% year-over-year, multicloud database revenue increased, and Oracle’s remaining performance obligations reached $523 billion as hyperscale and AI companies make commitments. Prediction markets give Oracle a 78.5% chance of winning, with the multicloud and open AI partnership discussions close to dominating the phone. Oracle is down about 21% year-to-date at $152.96, well below the analyst consensus target of $257.29.

adobe (NASDAQ:ADBE) closes the week after closing on Thursday. The latest quarter was strong across the board, with record operating cash flow of $10.03 billion for fiscal 2025 and effective AI ARR of more than $5 billion. For Q1 FY2026, Adobe has guided for revenue of $6.25 billion to $6.30 billion.

The stock is down nearly 19% year to date, but prediction markets are pricing in a 90.5% earnings probability and analysts have an average target of $389.47 versus the current price of $283.62.

Three very different tech companies, three very different risk profiles. HPE is integrating a major acquisition. Oracle needs to prove that its cloud revenue can match its backlog. Adobe needs to show that AI is actually moving the needle on growth. By Thursday night, we’ll have a much clearer picture of where each one stands.

Wall Street is pouring billions into AI, but many investors are buying the wrong stocks. The analyst who first identified NVIDIA as a buyback in 2010 — before its 28,000% run — has identified just 10 new AI companies that he believes can deliver returns beyond that point. One dominates the $100 billion equipment market. Bill addresses the single biggest obstacle to maintaining AI data centers. The third segment is a net play in the optical network market that is quadrupling. Most investors haven’t heard of half of these names. Get a free list of all 10 stocks here.