Hewlett Packard Enterprise

HPE · Information Technology · Market cap $61.5B

Q1 FY26 Nov 1, 2025 – Jan 31, 2026 reported Mar 10, 2026

Revenue$9.3B +18% year over year

Gross profit$3B

Operating profit$0.5B

Net profit$0.5B 5% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Jan 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	9.3	100%	+18%
Server Segment	4.2	45%	−3%
Campus Branch	1.2	13%	+42%
Storage Segment	1.1	12%	+1%
Financial Services	0.9	10%	+0%
Routing	0.8	9%	+77900%
Data Center Networking	0.4	4%	+383%
Other	0.4	4%
Corporate and Other	0.3	3%	−2%
Cost of revenue	−6.3	68%
Gross profit	3	33% margin	+3pp
Research & development	−0.7	8%	+2pp
SG&A	−1.8	18%	+2pp
Other	−0.1	1%	+0pp
Operating profit	0.5	5% margin	+0pp
Net profit	0.5	5%	−3pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Oct 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	9.7	100%	+14%
US	3.9	40%	+24%
EMEA	3.4	35%	+22%
Asia Pacific and Japan	1.9	20%	+5%
Americas Excluding United States	0.5	5%	−27%
Research & development	−0.9	9%	+3pp
SG&A	−1.6	17%	+3pp
Other	−7.2	74%	+0pp
Operating profit	0	0% margin	−8pp
Interest & other costs	−0.2
Net profit	0.2	2%	−14pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends Jan 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	7.9	100%	+16%
Server Segment	4.3	54%	+33%
Hybrid Cloud	1.4	18%	+11%
Intelligent Edge	1.1	14%	−4%
Financial Services	0.9	11%	+0%
Corporate and Other	0.2	3%	−17%
Cost of revenue	−5.6	71%
Gross profit	2.3	29% margin	−6pp
Research & development	−0.5	6%	−3pp
SG&A	−1.3	16%	−2pp
Other	−0.1	2%	+0pp
Operating profit	0.4	6% margin	−2pp
Tax	−0.1
Net profit	0.6	8%	+2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Nov 1, 2025 – Jan 31, 2026	Mar 10, 2026	$9.3B	+18%	5%	$0.5B	5%
Q4 FY25	Aug 1 – Oct 31, 2025	Dec 18, 2025	$9.7B	+14%	0%	$0.2B	2%
Q1 FY25	Nov 1, 2024 – Jan 31, 2025	Mar 7, 2025	$7.9B	+16%	5%	$0.6B	8%