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Hewlett Packard Enterprise Co 8-K Report, Financial Results (Mar 9, 2026)

Reports
Earnings & Results·Regulation FD
Filing Date
Filed March 9, 2026
Period End
March 9, 2026
Securities
HPEHPE-PC
In the 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. Material agreement8-K · May ’19May ’19
  3. Leadership change8-K · Jun ’21Jun ’21
  4. Leadership change8-K · Apr ’25Apr ’25

01—Abstract

Summary

Summary of the 8-K filed March 9, 2026. Cited figures are marked; the original filing is the authoritative source.

HPE reported fiscal Q1 2026 (quarter ended January 31, 2026) with revenue of $9.3 billiona, up 18% year over year, and GAAP diluted EPS of $0.31 versus $0.44 a year earlier.

Non-GAAP diluted EPS was $0.65b, up from $0.49, and management described the quarter as one of its most profitable on record. Growth was driven by the Juniper Networks integration: Networking revenue rose 151.5% to $2.7 billion, while Cloud & AI revenue declined 2.7% to $6.3 billion. Cloud & AI operating margin improved to 10.2% from 8.4%, but Networking operating margin compressed to 23.7% from 29.7%.

Free cash flow was $708 millionc, a $1.6 billion swing from the prior year, and cash flow from operations was $1.2 billion. For the outlook, HPE reaffirmed FY26 revenue growth of 17% to 22% and raised Networking revenue growth guidance to 68% to 73%. It raised FY26 non-GAAP diluted EPS to $2.30 to $2.50 and GAAP diluted EPS to $1.02 to $1.22, and it now expects free cash flow of at least $2.0 billion.

The Q2 FY26 outlook calls for revenue of $9.6 billion to $10.0 billiond and non-GAAP EPS of $0.51 to $0.55. The company also declared a quarterly dividend of $0.1425 per share, payable April 23, 2026, to holders of record on March 24, 2026. Investors should weigh several items.

Balance sheet inventory rose to $6.9 billion from $6.4 billion, and the company cited a worldwide memory shortage as a supply-chain risk. Non-GAAP results exclude about $2.7 billion of FY26 costs, mainly amortization of acquired intangibles and stock-based compensation, so the gap between GAAP and non-GAAP EPS remains wide. Management also cited the Juniper integration, pending H3C share divestiture proceeds, and ongoing Juniper-related legal proceedings as factors to monitor.

02—Key points

Key Highlights

  1. Revenue of $9.3 billion, up 18% year over year, with Networking revenue up 151.5% to $2.7 billion following the Juniper Networks acquisition.
  2. Non-GAAP diluted EPS of $0.65, up from $0.49 a year earlier and above the company's $0.57 to $0.61 outlook; GAAP diluted EPS of $0.31 was above the $0.09 to $0.13 outlook but down from $0.44.
  3. Free cash flow of $708 million, a $1.6 billion improvement from negative $877 million in the prior-year quarter, driven by operating cash flow of $1.2 billion.
  4. FY26 outlook raised: non-GAAP diluted EPS now $2.30 to $2.50 (from prior guidance), GAAP diluted EPS $1.02 to $1.22, Networking revenue growth 68% to 73%, and free cash flow of at least $2.0 billion; overall revenue growth of 17% to 22% reaffirmed.
  5. Cloud & AI operating margin improved to 10.2% from 8.4%, while Networking operating margin fell to 23.7% from 29.7% year over year.
  6. Q2 FY26 guidance of $9.6 billion to $10.0 billion in revenue and non-GAAP EPS of $0.51 to $0.55.
  7. Quarterly dividend of $0.1425 per share declared, payable April 23, 2026, to stockholders of record on March 24, 2026; the company returned $348 million to common shareholders in the quarter.

03—Questions

Frequently Asked Questions

  1. Why did GAAP EPS fall year over year even though revenue grew 18%?

    GAAP diluted EPS fell to $0.31 from $0.44 mainly because amortization of intangible assets rose to $311 million from $38 million, reflecting the Juniper Networks acquisition. Stock-based compensation, acquisition charges, and cost reduction costs also increased, and the prior-year quarter included a $244 million gain on the sale of a business. Non-GAAP EPS, which excludes these items, rose to $0.65 from $0.49.

  2. What is driving the raised full-year outlook?

    HPE attributed the raised outlook to strong Networking performance and faster-than-planned Juniper and Catalyst synergies, along with prudent cost management. Networking revenue growth guidance was raised to 68% to 73%, and non-GAAP EPS guidance was lifted to $2.30 to $2.50.

  3. Are there risks to margins or supply that investors should watch?

    Yes. Management referenced a dynamic commodity and memory supply environment, and inventory rose to $6.9 billion from $6.4 billion at fiscal year-end. Networking segment margin declined about 6 points year over year. The filing also flags tariff and trade-policy uncertainty and ongoing Juniper-related legal proceedings as risks.

  4. How much cash did HPE generate and return to shareholders?

    HPE generated $1.2 billion in operating cash flow and $708 million in free cash flow in the quarter. It returned $348 million to common shareholders through dividends and share repurchases, and it now expects full-year free cash flow of at least $2.0 billion.

  5. What should investors know about the dividend?

    HPE declared a regular quarterly dividend of $0.1425 per share, payable on or about April 23, 2026, to stockholders of record at the close of business on March 24, 2026. Each dividend must be declared by the Board before payment.

04—Continue

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