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Operating Margin by Segment
Shows how much profit each business line keeps from sales after operating costs, revealing which parts of HPE are most efficient or under pressure. Comparing margins across segments highlights where management can drive cash generation or needs to cut costs to protect earnings.HPE’s segment reporting has consolidated: former Compute/Storage lines largely reclassified into Cloud & AI and Networking, and recent quarters show sharp margin improvement in those new segments—reflecting Juniper integration synergies, AI-systems mix, and cost-catalyst execution. Intelligent Edge remains a high‑margin anchor. Management raised FY26 margin and FCF targets, but watch conversion risk: supply constraints, inventory builds and lumpiness of large AI deals can make near‑term margins volatile despite structural improvement.
Date | Server | Hybrid Cloud | Compute | HPC and MCS | Storage | A and PS | Intelligent Edge | Financial Services | Corporate Investments | Networking | Cloud & AI | Corporate Investments and Other |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun 30, 2026 | 22.00 | 17.00 | -2.40 | |||||||||
Mar 31, 2026 | 21.60 | 12.40 | -3.20 | |||||||||
Dec 31, 2025 | 23.70 | 10.20 | -4.60 | |||||||||
Sep 30, 2025 | 9.80 | 5.00 | 23.00 | 11.50 | -3.10 | ― | ― | ― | ||||
Jun 30, 2025 | 6.40 | 5.90 | 20.80 | 9.90 | -7.20 | ― | ― | ― | ||||
Mar 31, 2025 | 5.90 | 5.40 | 23.60 | 10.40 | -5.20 | ― | ― | ― | ||||
Dec 31, 2024 | 8.10 | 7.00 | 27.40 | 9.40 | -1.00 | ― | ― | ― | ||||
Sep 30, 2024 | 11.60 | 7.70 | 24.40 | 9.20 | -0.80 | ― | ― | ― | ||||
Jun 30, 2024 | 10.80 | 5.10 | 22.40 | 9.00 | -1.50 | ― | ― | ― | ||||
Mar 31, 2024 | 11.00 | 0.80 | 21.80 | 9.30 | -3.60 | ― | ― | ― |