Hewlett Packard Enterprise Non-GAAP EPS of $0.65 beats by $0.06, revenue of $9.3B misses by $50M

2026-03-09 16:07:45 ET

• Hewlett Packard Enterprise press release ( HPE ): Q1 Non-GAAP EPS of $0.65 beats by $0.06 .
• Revenue of $9.3B (+18.5% Y/Y) misses by $50M .
• Networking revenue was $2.7 billion, up 151.5% from the prior-year period, with 23.7% operating profit margin, compared to 29.7% from the prior-year period. This segment incorporates our former Intelligent Edge segment and Juniper Networks.
  • Within Networking, revenue from:
    • Campus & Branch was $1.2 billion, up 42.0% from the prior-year period.
    • Data Center Networking was $444 million, up 382.6% from the prior-year period.
    • Security was $255 million, up 114.3% from the prior-year period.
    • Routing was $780 million, compared to $1 million in the prior-year period.
• Cloud & AI revenue was $6.3 billion, down 2.7% from the prior-year period, with 10.2% operating profit margin, compared to 8.4% from the prior-year period. This segment consolidates HPE’s server, storage, and financial services businesses, representing a new financial segment for FY26.
  • Within Cloud & AI, revenue from:
    • Server was $4.2 billion, down 2.7% from the prior-year period.
    • Storage was $1.1 billion, up 0.6% from the prior-year period.
    • Financial Services was $0.9 billion, up 0.3% from the prior-year period.

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