HPE Lands Its First AMD Helios Order, $1.2 Billion From Vultr, and Raises Networking Growth Targets

HPE disclosed on September 30, 2026 that Vultr, which it describes as the world's largest privately held cloud infrastructure company, has placed a $1.2 billion order for AMD Helios AI rack systems built by HPE. It is HPE's first order for the Helios platform, which AMD designed and HPE integrates with its own networking, cooling and services. Each rack pairs 72 AMD Instinct MI455X GPUs with AMD EPYC "Venice" CPUs and six HPE Juniper Networking QFX5252 scale-up Ethernet switch trays, and the systems will go into Vultr's U.S. data centers for large-model training and high-volume inference, according to HPE's release.

The order landed alongside a broader reset of HPE's networking targets at its Networking Investor Day, and the two are separate announcements rather than one causing the other. In an 8-K filed the same day, HPE guided fiscal 2027 Networking segment revenue growth to the high teens to low 20s percent, up from a prior 14% to 17% range reported by Reuters, and set a high-teens percent compound annual growth target for the segment from fiscal 2026 through fiscal 2029. It also raised its Juniper integration savings target to $800 million in annual run-rate by the end of fiscal 2028, from at least $600 million. All of these are segment figures, not total-company guidance.

Investors responded quickly. Reuters reported HPE shares up nearly 6% in premarket trading, and the stock traded around $63.89, up about 3.9%, later in the session, near a new 52-week high. Investor's Business Daily named HPE its Stock of the Day on the guidance raise.

What to watch: HPE gave no delivery schedule for the Vultr racks, so the timing of revenue recognition is open, and a single $1.2 billion customer order concentrates execution risk on one buyer and on AMD's MI455X supply. The next check is whether HPE's quarterly Networking results start tracking toward the new high-teens to low-20s growth band.