HPE Research | Milton Maxwell

HPE

Hewlett Packard Enterprise Company

24.30

+0.25+1.04%

Dec 16, 4:00:43 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q1 '26

Demand shrugs off memory price hikes.

3/8/26Mar 8, 2026

Q&A dismissed demand elasticity worries, with Neri repeatedly stressing customers accept memory surcharges and clamor for faster delivery amid supply tightness—no pushouts, just pull-ins. GreenLake poised for uptake via flexible financing in this cycle. Networks for AI orders ($1.7B-$1.9B cumulative FY26 target) draw from existing expansions and new service provider/neocloud wins via server go-to-market access. Campus/branch logged high-single-digit normalized orders, fueled by 10x WiFi 7 ramp. Margins stay prudent at low-20s for Networking post Phase 1 integration. Demand holds firm. Watch AI backlog conversion through supply hurdles.

Key Stats

Market Cap

32.06B

P/E (TTM)

Basic EPS (TTM)

-0.04

Dividend Yield

0.02%

Recent Filings

10-Q

Q1 FY2026 results

3/10/26Mar 10, 2026

HPE posted Q1 FY2026 revenue of $9.3B, up 18% y/y, powered by Networking's $2.7B surge (151% y/y) from the July 2025 Juniper acquisition for $13.4B cash—yet Cloud & AI dipped 3% y/y on softer server volumes. Operating income held at $470M (5.1% margin), diluted EPS fell to $0.31 from $0.44 amid $311M intangible amortization and $117M acquisition charges; reconciles to 1.356B shares. Operating cash flow hit $1.2B, free cash flow $709M (derived), with $4.8B cash offsetting $21.6B debt. Juniper integration ramps. Competitive pressures test margins.

8-K

HPE Q1 beats, raises FY26 outlook

3/9/26Mar 9, 2026

HPE posted Q1 FY26 revenue of $9.3B, up 18% year-over-year, fueled by Networking's 151.5% surge to $2.7B post-Juniper integration. GAAP gross margins leaped 670 basis points to 35.9%; non-GAAP EPS hit $0.65. HPE raised FY26 outlook, targeting non-GAAP EPS of $2.30-$2.50 and FCF of at least $2.0B. Juniper synergies accelerate growth.

8-K

Director Ozzie to exit 2026

2/6/26Feb 6, 2026

Hewlett Packard Enterprise director Raymond E. Ozzie notified the board on February 3, 2025, that he won't seek re-election at the 2026 Annual Meeting, ending his term April 1, 2026. No successor named yet. Board continuity holds steady.

8-K

HPE declares preferred dividend

2/4/26Feb 4, 2026

HPE's board approved a $0.953125 per share cash dividend on its 7.625% Series C Mandatory Convertible Preferred Stock, payable March 1, 2026, to holders of record February 15, 2026. Declaration draws from legally available funds at board discretion. Payments delay to next business day if needed, sans interest.

10-K

FY2025 results

12/18/25Dec 18, 2025

Hewlett Packard Enterprise's FY2025 net revenue rose 13.8% to $34.3B, driven by Networking's 51.1% surge from the July Juniper Networks acquisition and Server's 10.2% gain on higher average unit prices, while Hybrid Cloud grew 4.9% on services. Q4 momentum accelerated with Juniper contributing $2.1B revenue, but gross margins contracted 2.5pp to 30.3% amid input cost hikes and lower-margin AI mixes; operating margins swung to (1.3)% from 7.3% due to $1.6B Hybrid Cloud goodwill impairment and $458M acquisition charges. ARR jumped 63% to $3.2B, signaling aaS strength. Cash from operations fell to $2.9B; debt climbed to $22.4B post-Merger funding. Juniper integration risks loom.

About

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly. The company offers general purpose servers for multi-workload computing and workload-optimized servers; HPE ProLiant Rack and Tower servers; HPE Synergy, a composable infrastructure for traditional and cloud-native applications; HPE Scale Up Servers product lines for critical applications; HPE Edgeline servers; HPE Cray EX; HPE Cray XD; and HPE NonStop. It also provides HPE Aruba products include hardware products, such as Wi-Fi access points, switches, and gateways; HPE Aruba Networking software and services comprising cloud-based management, network management and access control, software-defined wide-area networking, network security, analytics and assurance, location services software, private and public cellular core software, and professional and support services, as well as as-a-service and consumption models through the HPE GreenLake cloud for the Intelligent Edge portfolio of products. In addition, the company offers leasing, financing, IT consumption, utility programs, and asset management services for customers to facilitate technology deployment models and the acquisition of various IT solutions, including hardware, software, and services from Hewlett Packard Enterprise and others; consultative-led services; HPE and partner technology expertise and advice, and implementation services, as well as solution engagement capabilities; the Communications and Media Solutions (CMS) that offers software and related services; and Hewlett Packard Labs for research and development. It serves commercial and large enterprise groups, such as business and public sector enterprises; and through various partners comprising resellers, distribution partners, original equipment manufacturers, independent software vendors, systems integrators, and advisory firms. The company was founded in 1939 and is headquartered in Spring, Texas.

CEO

Mr. Antonio Fabio Neri

IPO

10/19/2015

Website

https://www.hpe.com

Sector

Technology

Industry

Communication Equipment