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Hewlett Packard Enterprise CoHPE

Sector
Technology
Industry
Computer & office Equipment
Exchange
NYSE

Stock Price $HPE

Latest filings

You are here#44 of 67 in Technology by market cap

Filing record · 2016–202610-K1010-Q338-K188

HPE filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 188 current reports (8-K) between 2016 and 2026.

  1. Restructuring8-K · Oct ’17Oct ’17
  2. Leadership change8-K · Jun ’19Jun ’19
  3. Leadership change8-K · Jun ’21Jun ’21
  4. FY2025 annual report10-K · Dec ’25Dec ’25

01—Key figures

Share Class
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  13. $34.30B
YoY changeLargest recent move−7.4%in FY20Latest +13.8%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All HPE Financial Metrics57 metrics

Income Statement16

Balance Sheet25

Cash Flow11

Per Share5

02—Overview

Hewlett Packard Enterprise Co Financial Overview 2021–2025

Updated Jul 10, 2026

Hewlett Packard Enterprise's consumption-based Annual Recurring Revenue (ARR) surged 63% to $3.15 billiona in FY2025, proving the legacy hardware giant is successfully scaling a high-margin, software-like model. This aggressive pivot away from traditional computing toward hybrid cloud and edge-to-cloud networking forms the core investment thesis. Supercharged by the $13.4 billion acquisition of Juniper Networks, the company has fundamentally altered its growth trajectory to capture rising enterprise demand for unified, AI-driven network solutions.

The top line reflects this structural shift, as total net revenue grew from $27.8 billion in FY2021 to $34.3 billionb in FY2025. However, funding the Juniper deal and battling macroeconomic headwinds introduced immediate financial friction. While total sales expanded by 13.8% in FY2025, gross profit margins compressed to 30.3% due to escalating costs across the Server and Hybrid Cloud segments. The acquisition strategy also loaded the balance sheet with heavy leverage, pushing total debt to $22.4 billion and prompting management to target $350 million in structural operating savings by FY2027.

A massive $1.6 billionc goodwill impairment charge tied to the Hybrid Cloud unit further eroded the bottom line, leaving the company with a negative EPS of $-0.04 at the close of FY2025. Despite this GAAP unprofitability, the market valued the enterprise at a $32.2 billion market cap, with shares closing at $24.42 at the end of FY2025—signaling forward-looking investor confidence that the newly integrated networking portfolio will ultimately deliver its projected $600 million in synergies.

Recent Developments (Q1 and Q2 2026)

Hewlett Packard Enterprise drove sharp top-line acceleration through the first half of the year, with total net revenue surging 18.4% in Q1 2026 and 40.0% year-over-year to $10.7 billiond in Q2 2026. The Juniper Networks integration fueled this expansion, pushing Q2 2026 gross profit margins to 36.5% and swinging operations to a positive $747 million profit. The company also fortified its balance sheet by fully divesting its H3C Technologies stake for approximately $1.36 billion and raising $2 billion in senior notes.

Bulls argue this margin expansion proves the AI-driven networking pivot is accelerating. Bears warn that ongoing GPU and memory supply chain constraints threaten hardware delivery timelines. Trading at a $74.0 billione market cap, the $56.15 share price yields a negative -1,404x P/E ratio as of June 2, 2026, indicating the stock appears richly valued and priced for flawless integration execution.

What to watch: resolution of GPU supply chain bottlenecks; strategic board shifts following the amended Elliott Investment Management agreement

03—Filings

Recent SEC Filings

  1. 8-KHewlett Packard Enterprise Co 8-K Report, Regulation FD Disclosure (Sep 30, 2026)On September 30, 2026, Hewlett Packard Enterprise (HPE) furnished an 8-K under Regulation FD, attaching a press release issued in connection with its 2026 Networking Investor Day. The filing is a disclosure of strategy and targets rather than a financial results report: it contains no new reported quarterly or annual figures, and the forward-looking targets it presents are management projections. The central message is that HPE expects AI to make networking more strategic, and it is positioning its combined Aruba, Juniper, and Juniper Mist portfolio to capture that demand across Data Center Networking, Routing, Campus & Branch, and Security. The most notable items for investors are the raised outlooks. HPE now expects FY27 Networking segment revenue growth in the high-teens to low-20s percent range, with segment operating margin in the mid-to-high 20s percent. It also raised its FY26–FY29 Networking revenue CAGR framework to high-teens percent, and set product-level CAGR targets through FY29: low-to-high 50s percent for Data Center Networking, low-to-high 20s percent for Routing, and high single digits for both Campus & Branch and Security. Management also raised its Juniper-related cost synergy target to $800 million in annual run-rate savings by end of FY28, up from at least $600 million previously. The filing also discloses a $1.2 billion order from Vultr for AMD Helios AI Rack by HPE systems, described as the first order for that platform. Investors should weigh these forward-looking projections against the risks flagged in the filing, including supply constraints that HPE has addressed by doubling its quarter-over-quarter networking supply purchase commitments, the execution risk of Juniper integration, and the general uncertainty inherent in multi-year CAGR targets.
  2. 8-KHewlett Packard Enterprise Co 8-K Report, Financial Results (Sep 2, 2026)HPE reported fiscal Q3 2026 (quarter ended July 31, 2026) with record revenue of $12.2 billion, up 34% year-over-year, driven by strong demand across its portfolio. Networking revenue rose 74.9% to $2.9 billion, led by Routing (up 270%) and Data Center Networking (up 112%), while Cloud & AI revenue grew 25.4% to $9.0 billion with segment operating margin expanding to 17.0% from 7.0%. Profitability improved sharply: GAAP operating margin was 11.4% and non-GAAP operating margin was 16.2%, and GAAP diluted EPS of $1.06 and non-GAAP diluted EPS of $1.11 both beat the company's outlook ranges. Note that GAAP EPS includes a $444 million gain on the sale of the remaining H3C equity interest, which flatters the GAAP quarter. Management raised its outlook across the board. For fiscal 2026, revenue growth is now guided to 34% to 37%, non-GAAP diluted EPS to $3.75 to $3.85, and free cash flow to at least $3.75 billion. The fiscal 2027 framework calls for 13% to 17% revenue growth, 16% to 20% non-GAAP EPS growth, a 14% to 15% non-GAAP operating margin, and at least $5.0 billion of free cash flow. The company also said it expects to return at least 75% of free cash flow to shareholders in Q4, and declared a regular quarterly dividend of $0.1425 per share payable October 16, 2026. Investors should weigh the strong momentum against several watch items visible in the balance sheet. Inventory rose to $11.8 billion from $6.4 billion at fiscal year-end, and accounts payable rose to $13.7 billion from $7.7 billion, so working capital absorbed a large share of cash generation in the first nine months. Q3 revenue is up sequentially by about 14%, and the Q4 revenue outlook of $13.9 billion to $14.8 billion implies continued strong growth. Results also depend on the Juniper Networks integration and on supply chain and component availability, which the filing identifies as ongoing risks.
  3. 8-KHewlett Packard Enterprise Co 8-K Report, Regulation FD Disclosure (Aug 4, 2026)Hewlett Packard Enterprise Company (HPE) announced on August 4, 2026, that its Board of Directors has approved the declaration of a cash dividend for its 7.625% Series C Mandatory Convertible Preferred Stock. The dividend amount is set at $0.953125 per share. This declaration is a routine event for preferred stockholders, signaling continued commitment to dividend payments for this class of shares.
  4. 8-KHewlett Packard Enterprise Co 8-K Report, Executive Changes (Jul 24, 2026)On July 24, 2026, Hewlett Packard Enterprise (HPE) filed a Form 8-K reporting the appointment of David I. Goulden to its Board of Directors, effective the same day. Goulden is the former Executive Vice President and Chief Financial Officer of Booking Holdings Inc., and previously held senior roles at EMC, including CFO, COO, and CEO of its Information Infrastructure business, and later President of the combined company's Infrastructure Solutions Group. The filing is a governance event rather than a financial one: the 8-K contains no earnings, guidance, or balance sheet data. Goulden joins the Finance & Investment Committee and the HR & Compensation Committee. He will receive pro-rated annual equity and cash retainers for the remainder of the current board year, then participate fully in the standard non-employee director compensation program. The filing states he has no family relationships with HPE executives or directors and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K. For investors, the appointment adds a director with deep finance, M&A, and large-scale infrastructure experience, which may be relevant to HPE's capital allocation and integration oversight. The announcement is framed around HPE's networking, cloud, and AI strategy. Its near-term financial impact is minimal, given the modest, pro-rated director compensation.
  5. 8-KHewlett Packard Enterprise Co 8-K Report, Material Agreement (Jun 1, 2026)HPE reported fiscal Q2 2026 (quarter ended April 30, 2026) with record revenue of $10.7 billion, up 40% year over year, and GAAP diluted EPS of $0.44 versus a $0.09-$0.13 outlook range. Non-GAAP diluted EPS was $0.79, above its $0.51-$0.55 outlook. Networking revenue rose 148% to $2.7 billion (largely reflecting the Juniper Networks acquisition), while Cloud & AI grew 23% to $7.7 billion. Free cash flow was $915 million, and operating cash flow was $1.4 billion, a $1.9 billion improvement year over year. Management raised FY26 guidance: revenue growth of 29%-33%, non-GAAP diluted EPS of $3.35-$3.45 (versus $3.00+ previously targeted for FY28), and free cash flow of at least $3.5 billion. It also introduced an FY27 framework calling for 8%-12% revenue growth, 12%-16% non-GAAP EPS growth, and at least $4.5 billion of free cash flow. The filing also details governance and portfolio actions. HPE completed the sale of its remaining 19% stake in H3C on May 28, 2026, receiving about $1.357 billion in cash (about $370 million under the Item 7.01 disclosure for a 5.2% tranche), with total pretax consideration of about $3.5 billion since the exit was announced. Under the July 2025 cooperation agreement with Elliott, the company amended the board-size cap to 14 directors through the 2027 Annual Meeting and appointed Elliott Partner Christopher Hsu to the Board, the Strategy Committee, and the Finance & Investment Committee. For investors, the quarter shows strong profitability and cash generation, though the top-line jump is heavily acquisition-driven and GAAP results still carry substantial amortization and stock-based compensation charges. The H3C monetization adds liquidity, and the declared quarterly dividend of $0.1425 per share is payable July 15, 2026 to holders of record on June 16, 2026.
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04—See also

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