Bloomberg Talks HP Enterprise CEO Antonio Neri Talks Revenue, Memory Demand and Supply
Mar 10, 2026
Antonio Neri, CEO of Hewlett Packard Enterprise, leads HPE’s strategy in enterprise infrastructure and AI-driven data centers. He discusses surging AI hardware demand that boosted sales guidance. He covers networking’s role after the Juniper deal. He talks about memory and SSD supply constraints, pricing moves, and a large AI systems backlog.
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Enterprise AI Is Driving Real Revenue
- AI demand is strong across enterprises, not just hyperscalers, driving HPE's Q1 AI revenue from enterprise customers.
- Antonio Neri says enterprise adoption includes agentic AI in workflows and growing inferencing, not only model training.
Networking Becomes The AI Bottleneck
- Networking is the next inflection point because data centers need robust interconnects and internal switching to link GPUs and CPUs at scale.
- Neri cites Juniper growth: routing order intake mid-20% and switching mid-40%, making networking ~30% of revenue and >50% of profit.
Three Steps To Manage Component Shortages
- Navigate supply shortages by securing supply, being agile with pricing, and maintaining transparent customer conversations.
- Neri says HPE locked supply where possible, plans further price increases, and meets customers weekly to align expectations.