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HPE

Hewlett Packard·NYSE
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HPE fundamentals

Hewlett Packard (HPE) released its earnings on Mar 9, 2026: revenue was 9.30B (YoY +18.42%), missed estimates; EPS was 0.65 (YoY +32.65%), beat estimates.
Revenue / YoY
9.30B
+18.42%
EPS / YoY
0.65
+32.65%
Report date
Mar 9, 2026
HPE Earnings Call Summary for Q1,2026
  • Record Q1 Results: $9.3 billion revenue (+18% YoY), EPS of $0.65, and $708 million free cash flow, exceeding guidance.
  • Networking Dominance: Networking revenue up 152% YoY, with AI-related orders targeting $1.7-1.9 billion for FY26. Juniper integration driving $1.7 billion+ Networking synergies.
  • AI and Supply Strategy: $5 billion AI systems backlog; prioritizing high-margin enterprise and sovereign orders. Agile pricing and supply agreements mitigate DRAM/NAND shortages.
  • Financial Strength: EPS guidance raised to $2.30-2.50, free cash flow to $2 billion+ FY26. Pro forma net leverage improved to 2.6x.
  • Q2 Outlook: Revenue $9.6-10.0 billion, Networking growth to 142-152% YoY, Cloud & AI margins near 7-9% midpoint.
EPS
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Q4,2022
Q1,2023
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Q2,2024
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Q1,2025
Q2,2025
Q3,2025
Q4,2025
Q1,2026
Actual
0.440.220.320.370.520.460.470.520.530.440.480.570.630.520.490.520.480.420.50.580.490.380.440.620.65
Forecast
0.43870.29470.23040.33740.40950.41980.42470.48430.4610.45280.47550.56510.5370.48540.46570.50340.45480.38990.46890.55820.49690.34640.4170.5790.5865
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+0.30%
-25.35%
+38.89%
+9.66%
+26.98%
+9.58%
+10.67%
+7.37%
+14.97%
-2.83%
+0.95%
+0.87%
+17.32%
+7.13%
+5.22%
+3.30%
+5.54%
+7.72%
+6.63%
+3.91%
-1.39%
+9.70%
+5.52%
+7.08%
+10.83%
Revenue
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Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
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Q3,2023
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Q1,2024
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Q4,2024
Q1,2025
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Q4,2025
Q1,2026
Actual
------------------------------6.95B6.01B6.82B7.21B6.83B6.70B6.90B7.35B6.96B6.71B6.95B7.87B7.81B6.97B7.00B7.35B6.75B7.20B7.71B8.46B7.85B7.63B9.14B9.68B9.30B
Forecast
------------------------------7.21B6.31B6.06B6.88B6.74B6.61B6.94B7.38B7.02B6.80B6.93B7.37B7.45B7.30B6.99B7.36B7.01B6.82B7.67B8.25B7.81B7.49B8.84B9.90B9.35B
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-3.62%
-4.73%
+12.50%
+4.75%
+1.36%
+1.44%
-0.62%
-0.30%
-0.77%
-1.27%
+0.30%
+6.79%
+4.87%
-4.54%
+0.17%
-0.17%
-3.59%
+5.57%
+0.53%
+2.50%
+0.51%
+1.86%
+3.34%
-2.25%
-0.52%

Earnings Call