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Hewlett Packard Enterprise Co 8-K Report, Financial Results (Sep 2, 2026)

Reports
Earnings & Results·Regulation FD
Filing Date
Filed September 2, 2026
Period End
September 2, 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. Leadership change8-K · Feb ’20Feb ’20
  3. Leadership change8-K · Jan ’22Jan ’22
  4. Material agreement8-K · Nov ’25Nov ’25

01—Abstract

Summary

Summary of the 8-K filed September 2, 2026. Cited figures are marked; the original filing is the authoritative source.

HPE reported fiscal Q3 2026 (quarter ended July 31, 2026) with record revenue of $12.2 billiona, up 34% year-over-year, driven by strong demand across its portfolio.

Networking revenue rose 74.9% to $2.9 billionb, 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 $3.85c, 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 $0.1425d 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.

02—Key points

Key Highlights

  1. Record Q3 FY26 revenue of $12.2 billion, up 34% year-over-year and 14% sequentially, with record orders and backlog cited by management.
  2. Networking revenue up 74.9% to $2.9 billion, with Routing up 270% and Data Center Networking up 112%; segment operating margin held near 22%.
  3. Cloud & AI revenue up 25.4% to $9.0 billion, with segment operating margin expanding to 17.0% from 7.0% a year earlier; Server revenue up 35.3%.
  4. Non-GAAP operating margin of 16.2%, up 770 bps year-over-year; GAAP EPS of $1.06 includes a $444 million gain on the sale of the H3C equity interest.
  5. Raised FY26 outlook: revenue growth 34% to 37%, non-GAAP EPS $3.75 to $3.85, free cash flow at least $3.75 billion; FY27 framework raised to 13% to 17% revenue growth and at least $5.0 billion FCF.
  6. Q3 free cash flow of $1.0 billion, but inventory ($11.8B vs. $6.4B at FYE) and payables ($13.7B vs. $7.7B) rose sharply, so working capital consumed much of the year's cash generation.
  7. Quarterly dividend of $0.1425 per share declared, payable October 16, 2026 to holders of record September 17, 2026; management plans to return at least 75% of Q4 free cash flow to shareholders.

03—Questions

Frequently Asked Questions

  1. How strong was HPE's fiscal Q3 2026 performance?

    Revenue was a record $12.2 billion, up 34% year-over-year. Non-GAAP operating margin was 16.2%, up 770 basis points, and non-GAAP diluted EPS of $1.11 exceeded the company's $0.88 to $0.93 outlook range. GAAP diluted EPS of $1.06 also beat its $0.84 to $0.89 range, though it benefited from a $444 million one-time gain on the sale of an equity interest.

  2. What drove the revenue growth?

    Networking was the largest contributor in growth rate terms, with revenue up 74.9% to $2.9 billion, led by Routing (up 270%) and Data Center Networking (up 112%). Cloud & AI grew 25.4% to $9.0 billion, led by Server revenue up 35.3% to $6.8 billion. Management attributed the results to surging customer demand and AI-related opportunities.

  3. What is the updated outlook?

    For fiscal 2026, HPE raised revenue growth guidance to 34% to 37%, non-GAAP diluted EPS to $3.75 to $3.85, and free cash flow to at least $3.75 billion. For fiscal Q4, revenue is expected at $13.9 billion to $14.8 billion, with non-GAAP EPS of $1.20 to $1.30. The fiscal 2027 framework calls for 13% to 17% revenue growth, 16% to 20% non-GAAP EPS growth, and at least $5.0 billion of free cash flow.

  4. Are there any concerns in the results?

    Working capital absorbed significant cash. 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. Free cash flow for the first nine months was $2.6 billion, and the quarter's GAAP results were boosted by a one-time gain. Investors should also monitor the Juniper Networks integration and component supply risks described in the filing.

  5. What are the capital return plans?

    HPE declared a regular quarterly dividend of $0.1425 per share, payable October 16, 2026, to holders of record as of September 17, 2026. Management plans to return at least 75% of fiscal Q4 free cash flow to shareholders. In Q3, capital returns totaled $324 million through dividends and share repurchases.

04—Continue

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