Short answer
Hewlett Packard Enterprise (HPE) filed its Q1 2026 10-Q quarterly report on Mar 10, 2026 for the quarter ended Jan 31, 2026. Quarterly revenue was $9.3B (up 18.4% year over year) with net income of $452M.
Q1 2026 key financials · XBRL
- Revenue
- $9.3B
- +18.4% YoY
- Net income
- $452M
- −27.9% YoY
- Operating margin
- 5.1%
- EPS (diluted)
- $0.31
- −29.5% YoY
Source: XBRL data from the Hewlett Packard Enterprise (HPE) Q1 2026 10-Q on SEC EDGAR. USD.
Hewlett Packard Enterprise Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $9.3B, up 18.4% YoY (+$1.4B), driven almost entirely by Networking segment post-Juniper acquisition
- GAAP gross margin 35.9% vs 29.2% YoY; GAAP operating margin 5.1% vs 5.5% YoY; non-GAAP operating margin 12.7% vs 9.9% YoY
- Best segment: Networking revenue +151.5% to $2.7B, operating margin 23.7%; worst: Cloud & AI revenue -2.7% to $6.3B, operating margin 10.2% vs 8.4% YoY
- Operating cash flow $1.18B vs -$390M prior year; cash fell to $4.9B from $5.9B; share repurchases $158M; $3.4B buyback authorization remaining
- Management flagged tariff uncertainty, GPU/memory supply constraints, and public sector spending risk as near-term headwinds to revenue and margin growth
Risk Factors
- Macro/demand risk: global economic uncertainty and customer spending slowdowns directly impact HPE's enterprise hardware and services revenue
- Competitive risk: intensifying pressure from cloud hyperscalers (AWS, Azure, GCP) threatening on-premise and hybrid infrastructure market share
- Supply chain risk: semiconductor and component concentration among limited suppliers creates procurement and margin vulnerability
- Currency risk: significant international revenue exposure to FX fluctuations affecting reported results and operating margins
- Debt/liquidity risk: ongoing capital requirements for AI infrastructure buildout and acquisitions may pressure balance sheet flexibility
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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