Hewlett Packard Enterprise (HPE)
NYSE:HPE
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Earnings Data
Report Date
Sep 01, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.9Last Year’s EPS
0.44Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a strong beat-and-raise quarter with record revenue, outsized EPS growth, substantial free cash flow, robust orders and backlog, successful Juniper integration, and elevated guidance for fiscal 26 (including higher EPS and FCF). Key challenges center on supply constraints, component inflation, inventory/receivable timing, and the lumpiness of large AI system deals that can delay revenue conversion. Given the breadth and scale of positive operational and financial developments and management's confidence in synergy realization and durable demand, the highlights materially outweigh the lowlights.Company Guidance
Record Revenue and Strong Top-Line Growth
Total revenue reached $10.7 billion, up 40% year-over-year, coming in above the high end of guidance and showing broad-based demand across the portfolio.
Exceptional EPS and Profitability
Non-GAAP diluted EPS was $0.79, up 108% year-over-year and significantly above the high end of guidance; GAAP EPS was $0.44.
Large Free Cash Flow Generation
Q2 free cash flow totaled $915 million, an improvement of approximately $1.8 billion versus the comparable period; first-half fiscal 26 free cash flow was $1.6 billion (~75% above prior comparable period), and full-year FCF outlook raised to at least $3.5 billion (up from at least $2.0 billion).
Raised Fiscal 26 Financial Targets
HPE raised fiscal 26 non-GAAP EPS guidance to $3.35–$3.45 (midpoint $3.40) and increased full-year consolidated revenue growth to 29%–33% reported (high-teens normalized); consolidated operating profit growth guidance raised to ~80%–85% reported.
Networking Momentum and Juniper Integration
Networking revenue of $2.7 billion (double-digit normalized growth ~10%); integration with Juniper is ahead of schedule with synergies accelerating; networking orders/purchase commitments grew >40% sequentially and multiple networking product lines saw strong order growth (campus & branch orders grew in the upper 20% range normalized; enterprise data center switching orders up ~20% normalized; routing orders up nearly 30% normalized).
Strong Growth in Cloud & AI
Cloud & AI revenue of $7.7 billion, up 23% year-over-year; traditional server orders increased triple digits; AI systems bookings were $1.8 billion in the quarter bringing cumulative AI systems bookings to $16.4 billion with Q3 backlog of $5.9 billion.
Storage Platform Momentum
Alletra MP storage orders and revenue grew triple digits (sixth consecutive quarter of strong growth) and platform expansion (file + agentic AIOps) broadens addressable market into unstructured data.
GreenLake & Customer Footprint Expansion
GreenLake net retention remains near 110%; GreenLake customers ~15,000 and managing over 6.7 million systems, up from 5.3 million a year ago (approx +26% systems YoY).
Balance Sheet and Capital Actions
Refinanced $2.0 billion of debt, received ~$1.4 billion gross proceeds from H3C sale and used cash to retire a term loan; pro forma net leverage improved to 2.3x from 2.6x and HPE expects to reach 2.0x net leverage by end of fiscal 26 (one year ahead).
Operational Efficiency & Catalyst Progress
Catalyst cost savings and Juniper synergies are running ahead of plan; workforce reduced to just over 65,000 employees (over 9% decline since initiatives began) and GenAI-enabled process simplification now represents nearly 20% of fiscal 26 initiative savings.
Customer & Win Highlights
Notable enterprise wins include Lowe's (large campus/branch modernization) and the Dallas Cowboys (end-to-end GreenLake private cloud deployment); UK Ministry of Justice adoption of self-driving network reduced NOC incidents by ~75%.
HPE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HPE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 01, 2026 | $47.00 | $56.15 | +19.47% |
Mar 09, 2026 | $21.67 | $20.96 | -3.25% |
Dec 04, 2025 | $22.62 | $23.04 | +1.87% |
Jul 31, 2025 | $20.33 | $19.46 | -4.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hewlett Packard Enterprise (HPE) report earnings?
Hewlett Packard Enterprise (HPE) is schdueled to report earning on Sep 01, 2026, After Close (Confirmed).
What is Hewlett Packard Enterprise (HPE) earnings time?
Hewlett Packard Enterprise (HPE) earnings time is at Sep 01, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HPE EPS forecast?
HPE EPS forecast for the fiscal quarter 2026 (Q3) is 0.9.
