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Hewlett Packard Enterprise (HPE) stock

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NYSE: HPE NYSE Technology Hardware, Storage & Peripherals Next results ~December 3, 2026

B Fundamentals grade

Hewlett Packard Enterprise is a US-listed company in the technology hardware, storage & peripherals industry. Its financial year ends in October.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($65.26) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($65.26) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating. We'll show the comparison once resolved.

Hewlett Packard Enterprise valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 12 selling0 purchases and 33 sales by directors and officers, last 12 monthsInsider trades
  • Funds843 adding, 482 cuttingOf 99 active managers that changed their stake, 61 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Hewlett Packard Enterprise files

Where Hewlett Packard Enterprise stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $41.9bn, up 26.6% on a year earlier, faster than 22.6% a quarter earlier. Free-cash-flow margin rose to 9.9% from 0.7% a year earlier. Operating margin widened to 6.2% from 0.8%. The diluted share count is down 2.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 5 financial-health checks. At that price, our model says the market is pricing in about 19.0% a year of cash-flow growth for five years, faster than the 8.5% a year revenue growth it has delivered.

Our model value for Hewlett Packard Enterprise is under review, so past values are not shown until it is resolved.

Source: 10-Q filed September 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 3, 2026 (estimated)

Hewlett Packard Enterprise's trailing-twelve-month revenue grew 26.6% year on year, with a free-cash-flow margin of 9.9%. Where it stands out: change in share count of -2.6% ranks 5 of 27 technology hardware, storage & peripherals companies we cover.

Our discounted-cash-flow model values the business at ~$65 per share in the base case (~$47–$88 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 1747.1% while net income grew 123.6%: a 1623pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 26.6% over the last 12 months, against a median of 11.3% for technology hardware, storage & peripherals companies we cover.
  • Growth speeding up. The growth rate is 4.0 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 5.4 points on a year ago.
  • Shrinking share count. Diluted shares fell 2.6% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 59% and a beta of 2.2 against the S&P 500.
  • Insiders selling. 12 insiders sold $73M of stock over the past 365 days and none bought (96% under pre-set trading plans).

Latest results: FY2026 Q3

Filed September 3, 2026
Earnings per share
$1.11 against an average estimate of $0.94: beat by 18.4%
Revenue
$12.21bn, up 33.7% on a year earlier
Share reaction
+7.0% in the first session after the results on September 2, 2026, against +1.5% for the S&P 500
Guidance given
revenue $13.9bn to $14.8bn (Fiscal 2026 Fourth Quarter Outlook); GAAP diluted net EPS $1.12 to $1.22 (Fiscal 2026 Fourth Quarter Outlook)
Next report
September 2, 2026; average EPS estimate $1.27

Hewlett Packard Enterprise's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.8%
  • 1 week-12.7%
  • 1 month-23.4%
  • This year+115.7%
  • 1 year+120.7%
  • 5 years+298.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$41.9B
Operating margin
6.2%
Net margin
6.7%
EPS (TTM, diluted)
$2.07

Growth

Revenue growth
+26.6%
Change in growth rate
+4.0 pts
Share count change
−2.6%

Cash

Free cash flow (TTM)
$4.2B
FCF margin
9.9%
Stock pay % of revenue
1.9%

Earnings

Last results
September 2, 2026
Next results (est.)
December 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Insider trade
  3. Announcement
  4. Insider trade
  5. Insider trade
  6. Results
  7. Guidance
  8. Announcement
  9. Leadership
  10. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hewlett Packard Enterprise valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($65.26) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of Hewlett Packard Enterprise's free cash flow after stock-based pay ( $2.2B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Hewlett Packard Enterprise as an operating company, with every model that fits that kind of business. Cost of equity 11.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.46 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$65 ~$47–$88 Left out: far from the other models (more than 3x away from their median)
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$21 ~$10–$29 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$49 ~$40–$77 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$17 ~$13–$23 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$16 ~$14–$18 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hewlett Packard Enterprise with Technology Hardware, Storage & Peripherals in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$9.88$10.68$11.98$13.29$7.29$12.79$12.87$14.30$18.64$23.99$51.19
Market value$17.2bn$17.9bn$18.6bn$18.2bn$9.4bn$17.0bn$17.0bn$18.8bn$24.9bn$31.8bn$68.9bn
+ Net debt (− = net cash)$2.7bn$4.5bn−$4.9bn$13.5bn$15.5bn$13.0bn$12.9bn$13.0bn$7.6bn$20.6bn$14.0bn
Enterprise value$19.9bn$22.3bn$13.7bn$31.7bn$24.9bn$30.0bn$29.9bn$31.8bn$32.5bn$52.3bn$82.9bn
Multiples
Price / sales 0.6x0.6x0.6x0.6x0.3x0.6x0.6x0.6x0.8x0.9x1.6x
Price / earnings 5.4x52.0x9.7x17.3x—5.0x19.6x9.3x9.7xn/m24.7x
Price / free cash flow 9.7x—n/m15.9x—5.0x11.6x11.8x12.6x50.7x16.6x
EV / EBITDA 2.6x6.2x3.2x8.3x10.8x8.0x9.2x6.8x6.8x22.8x13.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

27 /100

Weak moat

How hard Hewlett Packard Enterprise's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.9% of total assets over 10 years.

  • Durability 0 / 20

    Operating margin has been a median 4.3%; its worst year was -0.1%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 8 of 10 years, at a median 3.9% of revenue.

  • Discipline 16 / 20

    The diluted share count rose 2.4% over five years; stock-based pay has been a median 1.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (32 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.83 +97% $46.6bn +36%
Next $4.71 +23% $54.7bn +18%

Next year's EPS estimate has moved +16.5% in 90 days, across 21 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +11.8% on 90 days ago. In the last 30 days, 19 analysts raised Hewlett Packard Enterprise's forecast and 0 cut it.

Consensus EPS forecast Hewlett Packard Enterprise, last 90 days
$3.00 $3.50 $4.00 $4.50 $5.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.42 Current fiscal year, 60 days ago: $3.45 Current fiscal year, 30 days ago: $3.82 Current fiscal year, 7 days ago: $3.83 Current fiscal year, Now: $3.83 $3.83 Next fiscal year, 90 days ago: $4.05 Next fiscal year, 60 days ago: $4.12 Next fiscal year, 30 days ago: $4.60 Next fiscal year, 7 days ago: $4.71 Next fiscal year, Now: $4.71 $4.71

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.42$4.05
60 days ago $3.45$4.12
30 days ago $3.82$4.60
7 days ago $3.83$4.71
Now $3.83$4.71

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.94 $1.11 +18.4%
Apr 2026 $0.53 $0.79 +48.0%
Jan 2026 $0.59 $0.65 +10.8%
Oct 2025 $0.58 $0.62 +6.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 2, 2026
  • FY26 revenue growth outlook Fiscal 2026 Full Year Outlook 34% growth to 37% growth Raised
    “HPE is raising its FY26 revenue growth outlook range to 34% to 37%.” source
  • revenue growth outlook Fiscal 2027 Outlook Framework 13% growth to 17% growth Raised
    “HPE is raising its revenue growth outlook range to 13% to 17%.” source
  • revenue Fiscal 2026 Fourth Quarter Outlook $13.9bn to $14.8bn
    “HPE estimates revenue to be in the range of $13.9 billion to $14.8 billion.” source
  • GAAP diluted net EPS Fiscal 2026 Full Year Outlook $2.93 to $3.03 GAAP Raised
    “HPE is raising both GAAP diluted net EPS to be in the range of $2.93 to $3.03 and non-GAAP diluted net EPS (1) to be in the range of $3.75 to $3.85.” source
  • non-GAAP diluted net EPS Fiscal 2026 Full Year Outlook $3.75 to $3.85 Non-GAAP Raised
    “HPE is raising both GAAP diluted net EPS to be in the range of $2.93 to $3.03 and non-GAAP diluted net EPS (1) to be in the range of $3.75 to $3.85.” source
  • non-GAAP diluted net EPS growth Fiscal 2027 Outlook Framework 16% growth to 20% growth Non-GAAP Raised
    “HPE is raising expectations for non-GAAP diluted net EPS growth to be in the range of 16% to 20% (1)(4) .” source
Show 8 more items
  • GAAP diluted net EPS Fiscal 2026 Fourth Quarter Outlook $1.12 to $1.22 GAAP
    “HPE estimates GAAP diluted net EPS to be in the range of $1.12 to $1.22 and non-GAAP diluted net EPS (1) to be in the range of $1.20 to $1.30.” source
  • non-GAAP diluted net EPS Fiscal 2026 Fourth Quarter Outlook $1.20 to $1.30 Non-GAAP
    “HPE estimates GAAP diluted net EPS to be in the range of $1.12 to $1.22 and non-GAAP diluted net EPS (1) to be in the range of $1.20 to $1.30.” source
  • non-GAAP operating margin rate Fiscal 2027 Outlook Framework 14% to 15% Non-GAAP
    “HPE estimates non-GAAP operating margin rate to be in the range of 14% to 15% (1)(4) .” source
  • revenue growth expectations for the Networking segment Fiscal 2026 Full Year Outlook 73% growth to 74% growth Raised
    “HPE is raising revenue growth expectations for the Networking segment to 73% to 74%.” source
  • GAAP operating profit growth Fiscal 2026 Full Year Outlook 1,070% growth to 1,105% growth GAAP
    “HPE estimates GAAP operating profit growth range to be 1,070% to 1,105% and non-GAAP operating profit growth range between 100% to 105% (1)(3) .” source
  • non-GAAP operating profit growth Fiscal 2026 Full Year Outlook 100% growth to 105% growth Non-GAAP
    “HPE estimates GAAP operating profit growth range to be 1,070% to 1,105% and non-GAAP operating profit growth range between 100% to 105% (1)(3) .” source
  • free cash flow Fiscal 2026 Full Year Outlook about $3.75bn Non-GAAP Raised
    “HPE is also raising its free cash flow (1)(2)(4) guidance and now expects free cash flow to be at least $3.75 billion.” source
  • free cash flow Fiscal 2027 Outlook Framework about $5bn Non-GAAP Raised
    “HPE is also raising its free cash flow guidance and now expects free cash flow to be at least $5.0 billion (1)(2)(4) .” source

How earlier guidance turned out

  • GAAP diluted net EPS, Fiscal 2026 Third Quarter guided $0.84 to $0.89 Above range: $1.06
  • Revenue, Fiscal 2026 Third Quarter guided $11.5bn to $12.1bn Above range: $12.213bn

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Hewlett Packard Enterprise's revenue by +28.5% next year and +18.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+25.9%, weight 57%) , management guidance (+48.3%, weight 19%) and the company's own record (+19.4%, weight 25%) . How the weights are set.

Analyst recommendations

24 analysts, Oct 2026
Buy1458%
Hold1042%
Sell00%

Monthly trend

  1. Oct 20264101024
  2. Sep 20264101024
  3. Aug 2026510823
  4. Jul 202649922

Counts of recommendations published by analysts covering Hewlett Packard Enterprise, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.5%
of tradable shares
Days to cover
2.47
at average volume
Short interest, 1 month
−7%
to October 15, 2026
Held by institutions
91%
of shares
Held by insiders
0.2%
of shares
Employees
67,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +113.4%

$23.99 on October 31, 2025 to $51.19

ThenNowEffect
Revenue (last 12 months) $33.1bn $41.9bn +26.6%
Net margin 3.8% 6.7% +76.7%
P/E multiple 26.6x 24.7x −7.1%
Share count 1382m 1345m +2.7%

Biggest factor: net margin.

Last 3 years +245.7%

$14.81 on November 3, 2023 to $51.19

ThenNowEffect
Revenue (last 12 months) $29.7bn $41.9bn +41.2%
Net margin 3.6% 6.7% +83.2%
P/E multiple 18.0x 24.7x +36.7%
Share count 1315m 1345m −2.2%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HPE+37%+5%+10%+29%+16%+116%
Industry peers (median)+24%−39%+33%+12%+3%+4%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HPE58%50%67%50%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HPE−20%−31%−19%−26%−48%−30%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 57% from March 6, 2018 to March 23, 2020. Getting back needed a 132% gain, reached on January 7, 2022, 655 days after the low.

Price behaviour

52-week range
$19.67 – $73.46
From 52-week high
−30.3%
vs 50-day average
−14.1%
vs 200-day average
+25.5%
Volatility (1 year)
59%
Beta vs S&P 500
2.20

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±8.7%
After a week
9 up, 3 down
typical move ±11.0%
After a month
10 up, 2 down
typical move ±15.4%
Results releasedNext dayS&P 500 next day5 days21 days
September 2, 2026 +7.0% +1.5% +8.6% +36.6%
June 1, 2026 +30.5% +0.4% +15.9% +2.4%
March 9, 2026 −0.1% +0.7% +3.4% +19.0%
December 4, 2025 +4.8% +0.3% +10.2% +7.5%
October 15, 2025 −10.0% −0.2% −7.6% −8.3%
September 3, 2025 +2.1% +1.4% +7.8% +8.5%
June 3, 2025 +2.9% +0.5% +5.8% +24.0%
March 6, 2025 −16.3% −1.2% −21.8% −31.7%
December 5, 2024 +10.1% 0.0% +0.3% +3.0%
September 4, 2024 −7.4% −0.4% −14.0% +7.5%
June 4, 2024 +8.5% +1.3% +14.5% +15.2%
February 29, 2024 +4.7% +1.3% +22.3% +21.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Hewlett Packard Enterprise in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Hewlett Packard Enterprise
$25B $30B $35B $40B $45B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $29.1B Revenue (TTM), FY24 Q1: $28.1B Revenue (TTM), FY24 Q2: $28.3B Revenue (TTM), FY24 Q3: $29B Revenue (TTM), FY24 Q4: $30.1B Revenue (TTM), FY25 Q1: $31.2B Revenue (TTM), FY25 Q2: $31.6B Revenue (TTM), FY25 Q3: $33.1B Revenue (TTM), FY25 Q4: $34.3B Revenue (TTM), FY26 Q1: $35.7B Revenue (TTM), FY26 Q2: $38.8B Revenue (TTM), FY26 Q3: $41.9B $41.9B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $29.1B
FY24 Q1 $28.1B
FY24 Q2 $28.3B
FY24 Q3 $29B
FY24 Q4 $30.1B
FY25 Q1 $31.2B
FY25 Q2 $31.6B
FY25 Q3 $33.1B
FY25 Q4 $34.3B
FY26 Q1 $35.7B
FY26 Q2 $38.8B
FY26 Q3 $41.9B
Revenue growth, TTM YoY Hewlett Packard Enterprise
-10% 0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 2.2% Revenue growth, TTM YoY, FY24 Q1: -4.3% Revenue growth, TTM YoY, FY24 Q2: -4.4% Revenue growth, TTM YoY, FY24 Q3: -2.1% Revenue growth, TTM YoY, FY24 Q4: 3.4% Revenue growth, TTM YoY, FY25 Q1: 11.2% Revenue growth, TTM YoY, FY25 Q2: 11.8% Revenue growth, TTM YoY, FY25 Q3: 14.0% Revenue growth, TTM YoY, FY25 Q4: 13.8% Revenue growth, TTM YoY, FY26 Q1: 14.5% Revenue growth, TTM YoY, FY26 Q2: 22.6% Revenue growth, TTM YoY, FY26 Q3: 26.6% 26.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 2.2%
FY24 Q1 -4.3%
FY24 Q2 -4.4%
FY24 Q3 -2.1%
FY24 Q4 3.4%
FY25 Q1 11.2%
FY25 Q2 11.8%
FY25 Q3 14.0%
FY25 Q4 13.8%
FY26 Q1 14.5%
FY26 Q2 22.6%
FY26 Q3 26.6%
Operating margin (TTM) Hewlett Packard Enterprise
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 7.2% Operating margin (TTM), FY24 Q1: 7.2% Operating margin (TTM), FY24 Q2: 6.8% Operating margin (TTM), FY24 Q3: 6.9% Operating margin (TTM), FY24 Q4: 7.3% Operating margin (TTM), FY25 Q1: 6.7% Operating margin (TTM), FY25 Q2: 1.8% Operating margin (TTM), FY25 Q3: 0.8% Operating margin (TTM), FY25 Q4: -1.3% Operating margin (TTM), FY26 Q1: -1.1% Operating margin (TTM), FY26 Q2: 3.8% Operating margin (TTM), FY26 Q3: 6.2% 6.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 7.2%
FY24 Q1 7.2%
FY24 Q2 6.8%
FY24 Q3 6.9%
FY24 Q4 7.3%
FY25 Q1 6.7%
FY25 Q2 1.8%
FY25 Q3 0.8%
FY25 Q4 -1.3%
FY26 Q1 -1.1%
FY26 Q2 3.8%
FY26 Q3 6.2%
FCF margin (TTM) Hewlett Packard Enterprise
0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 5.5% FCF margin (TTM), FY24 Q1: 9.4% FCF margin (TTM), FY24 Q2: 10.5% FCF margin (TTM), FY24 Q3: 9.4% FCF margin (TTM), FY24 Q4: 6.6% FCF margin (TTM), FY25 Q1: 5.3% FCF margin (TTM), FY25 Q2: 0.3% FCF margin (TTM), FY25 Q3: 0.7% FCF margin (TTM), FY25 Q4: 1.8% FCF margin (TTM), FY26 Q1: 6.0% FCF margin (TTM), FY26 Q2: 10.3% FCF margin (TTM), FY26 Q3: 9.9% 9.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 5.5%
FY24 Q1 9.4%
FY24 Q2 10.5%
FY24 Q3 9.4%
FY24 Q4 6.6%
FY25 Q1 5.3%
FY25 Q2 0.3%
FY25 Q3 0.7%
FY25 Q4 1.8%
FY26 Q1 6.0%
FY26 Q2 10.3%
FY26 Q3 9.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2013 Oct 2013 2014 Oct 2014 2015 Oct 2015 2016 Oct 2016 2017 Oct 2017 2018 Oct 2018 2019 Oct 2019 2020 Oct 2020 2021 Oct 2021 2022 Oct 2022 2023 Oct 2023 2024 Oct 2024 2025 Oct 2025 LTM Jul 2026
Income
Revenue 57.4 55.1 31.1 30.3 28.9 30.9 29.1 27.0 27.8 28.5 29.1 30.1 34.3 41.9
EBITDA 7.3 6.5 5.9 7.7 3.6 4.3 3.8 2.3 3.7 3.3 4.7 4.8 2.3 6.1
Operating income 3.0 2.3 1.9 3.9 0.6 1.7 1.3 −0.3 1.1 0.8 2.1 2.2 −0.4 2.6
Net income 2.1 1.6 2.5 3.2 0.3 1.9 1.0 −0.3 3.4 0.9 2.0 2.6 0.1 2.8
Diluted EPS $1.12 $0.90 $1.34 $1.82 $0.21 $1.23 $0.77 −$0.25 $2.58 $0.66 $1.54 $1.93 −$0.04 $2.07
Growth (year on year)
Revenue — −3.9% −43.6% −2.6% −4.7% +6.9% −5.6% −7.4% +3.0% +2.6% +2.2% +3.4% +13.8% +26.6%
EBITDA — −11.8% −9.0% +30.3% −52.9% +19.3% −11.7% −39.7% +62.4% −12.5% +44.2% +1.0% −51.6% +120.4%
Operating income — −20.9% −16.7% +100.6% −85.5% — −26.7% −125.8% — −30.9% +167.1% +4.8% −120.0% —
Net income — −19.6% +49.3% +28.4% −89.1% — −45.0% −130.7% — −74.7% +133.3% +27.4% −97.8% +123.6%
Diluted EPS — −19.6% +48.9% +35.8% −88.5% — −37.4% −132.5% — −74.4% +133.3% +25.3% −102.1% +129.7%
Margins
EBITDA margin 12.8% 11.8% 19.0% 25.4% 12.5% 14.0% 13.1% 8.5% 13.4% 11.4% 16.1% 15.8% 6.7% 14.5%
Operating margin 5.1% 4.2% 6.3% 12.9% 2.0% 5.6% 4.4% −1.2% 4.1% 2.7% 7.2% 7.3% −1.3% 6.2%
Net margin 3.6% 3.0% 7.9% 10.4% 1.2% 6.2% 3.6% −1.2% 12.3% 3.0% 7.0% 8.6% 0.2% 6.7%
Free-cash-flow margin 10.9% 6.0% 1.0% 5.9% −6.2% 0.0% 3.9% −0.5% 12.1% 5.2% 5.5% 6.6% 1.8% 9.9%
Cash flow
Cash from operations 8.7 6.9 3.7 5.1 1.3 3.0 4.0 2.2 5.9 4.6 4.4 4.3 2.9 6.7
Capital spending 2.5 3.6 3.3 3.3 3.1 3.0 2.9 2.4 2.5 3.1 2.8 2.4 2.3 2.5
Free cash flow 6.2 3.3 0.3 1.8 −1.8 0.0 1.1 −0.1 3.4 1.5 1.6 2.0 0.6 4.2
Stock-based pay 0.4 0.4 0.6 0.6 0.4 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.6 0.8
Free cash flow after stock pay 5.9 2.9 −0.2 1.2 −2.2 −0.3 0.9 −0.4 3.0 1.1 1.2 1.5 −0.0 3.4
Balance sheet
Cash 2.2 2.3 9.8 13.0 9.6 4.9 3.8 4.2 4.0 4.2 4.3 14.8 5.8 6.2
Total debt 0.0 1.4 15.8 15.7 14.0 — 17.3 19.7 17.0 17.1 17.2 22.4 26.4 20.2
Net debt (negative = net cash) −2.2 −0.9 6.0 2.7 4.5 −4.9 13.5 15.5 13.0 12.9 13.0 7.6 20.6 14.0
Diluted shares 1,834m 1,834m 1,834m 1,739m 1,674m 1,553m 1,366m 1,294m 1,330m 1,322m 1,316m 1,337m 1,324m 1,345m
Returned to shareholders
Dividends — — — 0.4 0.4 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7
Buybacks — 0.0 0.0 2.7 2.6 3.6 2.2 0.4 0.2 0.5 0.4 0.2 0.2 0.5
Total returned — 0.0 0.0 3.0 3.0 4.1 2.9 1.0 0.8 1.1 1.0 0.8 0.9 1.3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · July 31, 2026
What it owns · $83.6bn
Short-term assets $33.9bnLonger-term assets $49.7bn
What it owes, and who funded it · $57.0bn
Short-term liabilities $30.4bnShareholders' equity $26.5bn
  • Short-term assets cover short-term liabilities $33.9bn of assets due within a year against $30.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $6.2bn of cash against $20.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 76% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 51% to 76% over five years.
  • A year's operating cash flow covers at least 20% of debt $6.7bn of operating cash flow against $20.2bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Hewlett Packard Enterprise's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$547M
Dividends (TTM)
$739M
Returned to shareholders
31%
of free cash flow
Buybacks, last 3 fiscal years
$773M
Diluted share count
−2.6%
year over year
Total shareholder yield
1.9%
dividends 1.1% + buybacks 0.8% of market value
Dividend payout ratio
27%
of net income paid out
R&D spending
8.8%
of revenue
Sales & admin spending
17.0%
of revenue
Days sales outstanding
54 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in technology hardware, storage & peripherals
Last 12 months unless stated HPE SMCI HPQ SNDK WDC STX Median
Revenue, last 12 months $41.9bn $39.1bn $59.2bn $29.0bn $14.5bn $13.8bn $3.9bn
Revenue growth, last 12 months 26.6% 77.8% 8.1% 272.4% 43.0% 44.4% 11.3%
Revenue growth, 3-year average 12.2% 76.3% 2.7% — 57.4% 26.6% 2.7%
Revenue growth, latest quarter 33.7% 93.2% 12.5% 377.9% 55.5% 61.0% 22.0%
Gross margin 31.4% 10.8% 19.9% 80.0% 52.6% 50.4% 34.7%
Operating margin 6.2% 7.1% 5.4% 72.5% 39.4% 39.6% 4.1%
Operating margin, 3-year average 4.6% 7.0% 6.2% 19.2% 22.9% 25.3% 4.2%
Net margin 6.7% 5.7% 4.1% 67.0% 69.2% 31.9% 2.0%
Cash from operations / revenue 16.0% −17.4% 7.9% 60.6% 33.6% 35.0% 6.3%
Free-cash-flow margin 9.9% −17.8% 6.6% 59.9% 29.6% 30.1% 3.0%
Free-cash-flow margin, 3-year average 6.7% −9.4% 6.1% — 15.8% 17.2% 4.7%
Stock pay / revenue 1.9% 1.1% 0.8% 0.9% 1.6% 1.6% 1.9%
Change in share count −2.6% 11.0% −2.9% 7.0% 5.8% 5.0% 1.4%

Median of all 27 companies we cover in technology hardware, storage & peripherals. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

27 technology hardware, storage & peripherals companies
Measure Company Peer median Rank
Revenue growth Growth 26.6% 11.3% 9 of 27
Change in growth rate Growth +4.0pp +5.0pp 15 of 27
Operating margin Profitability 6.2% 5.3% 10 of 26
Net margin Profitability 6.7% 2.0% 8 of 27
Free-cash-flow margin Cash generation 9.9% 3.6% 8 of 26
Stock pay as % of revenue Cash generation 1.9% 1.9% 15 of 27
Long-term debt as % of assets Balance sheet 20.7% 18.6% 11 of 16
Change in share count Balance sheet -2.6% 1.4% 5 of 27
Days sales outstanding Balance sheet 54 days 54 days 10 of 23

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to October 31, 2025
Segments
Line of business Revenue Share YoY
Server $17.6B 51.4% ▲ 11.4%
Networking $6.8B 19.9% ▲ 51.9%
Hybrid Cloud $5.5B 16.2% ▲ 5.1%
Financial Services $3.5B 10.2% ▼ 0.1%
Corporate and Other $769M 2.2% ▼ 24.2%
Products and services
Line of business Revenue YoY
Products $22B ▲ 18.1%
Services $11.6B ▲ 6.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Americas $15.8B 46.2% ▲ 19.7%
United States $13.4B 84.6% ▲ 23.1%
Americas Excluding United States $2.4B 15.4% ▲ 4.3%
EMEA $11.5B 33.6% ▲ 13.0%
Asia Pacific and Japan $6.9B 20.2% ▲ 3.5%

From Hewlett Packard Enterprise's 10-K filed December 18, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$53.2B
Institutions reporting
1,429
Shares held vs prior quarter
▼ 1.5%
Positions opened / closed
383 / 71

Top buyers and sellers, Q2 2026: 843 institutions bought and 482 sold ; the biggest buyer was Qube Research & Technologies Ltd (+10.0M shares) and the biggest seller Bank Of America Corp (−34.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $6B 134.1M 11.4% ▼ 6.8%
Vanguard Capital Management LLC $3.9B 86.7M 7.3% ▲ 0.4%
Vanguard Portfolio Management LLC $3.3B 72.7M 6.2% ▼ 1.5%
State Street Corp $3.1B 68.1M 5.8% ▲ 0.6%
Capital World Investors $2.7B 59.6M 5.1% ▲ 1.6%
Bank Of America Corp $1.8B 39.5M 3.3% ▼ 46.7%
Jpmorgan Chase & Co $1.8B 40.1M 3.3% ▼ 26.6%
Geode Capital Management, LLC $1.6B 36.6M 3.1% ▲ 1.9%
Elliott Investment Management L.P. $1.5B 32.3M 2.7% ▲ 17.7%
Goldman Sachs Group Inc $1.1B 24.6M 2.1% ▲ 44.1%
Morgan Stanley $1.1B 23.9M 2.0% ▲ 17.5%
Barrow Hanley Mewhinney & Strauss LLC $1B 22.8M 1.9% ▼ 19.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hewlett Packard Enterprise's complete shareholder register. Values are as reported by the filers ; 5 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $73.1M 33 trades by 12 insiders · 96% under pre-set plans
Net ▼ $73.1M net selling
Insider Date Trade Shares Price Value
Rahim Rami EVP, Pres GM Networking October 21, 2026 Sell pre-set plan 10,943 $58.04 $635,105
Rahim Rami EVP, Pres GM Networking October 21, 2026 Sell pre-set plan 23,500 $58.04 $1.4M
Neri Antonio F President and CEO October 5, 2026 Sell pre-set plan 193,304 $68.31 $13.2M
Neri Antonio F President and CEO October 5, 2026 Sell pre-set plan 56,696 $68.31 $3.9M
Rahim Rami EVP, Pres GM Networking September 29, 2026 Sell pre-set plan 6,579 $61.42 $404,082
Rahim Rami EVP, Pres GM Networking September 29, 2026 Sell pre-set plan 27,877 $61.42 $1.7M
Reiner Gary M Director September 14, 2026 Sell 17,000 $56.91 $967,429
Neri Antonio F President and CEO September 11, 2026 Sell pre-set plan 250,000 $60.44 $15.1M
Karros Kirt P SVP, Treasurer, Corp Dev July 22, 2026 Sell pre-set plan 23,675 $47.02 $1.1M
Karros Kirt P SVP, Treasurer, Corp Dev June 22, 2026 Sell pre-set plan 18,785 $48.50 $911,072
Reiner Gary M Director June 3, 2026 Sell 20,000 $54.77 $1.1M
Mayer Bethany Director May 5, 2026 Sell pre-set plan 6,482 $29.10 $188,626

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 16 trades and filings

No trades in Hewlett Packard Enterprise disclosed in the last 12 months; 16 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 3, 2026 estimated from the company's past filing pattern, not announced

  • September 2, 2026
  • June 1, 2026
  • March 9, 2026
  • December 4, 2025
  • October 15, 2025
  • September 3, 2025

Recent SEC filings

Data status

When each part of this page on Hewlett Packard Enterprise was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hewlett Packard Enterprise in brief

What does Hewlett Packard Enterprise do?
Hewlett Packard Enterprise is a US-listed company in the technology hardware, storage & peripherals industry. Its financial year ends in October.
What is Hewlett Packard Enterprise's stock ticker?
Hewlett Packard Enterprise trades under the ticker HPE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hewlett Packard Enterprise's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hewlett Packard Enterprise reported revenue of $41.9B, 26.6% higher than a year earlier, according to its SEC filings.
What is Hewlett Packard Enterprise's free cash flow?
Hewlett Packard Enterprise's free-cash-flow margin is 9.9% of revenue over the trailing twelve months, ranking 8 of the 26 technology hardware, storage & peripherals companies we cover.
Who are Hewlett Packard Enterprise's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Hewlett Packard Enterprise buying back stock, and does it pay a dividend?
Hewlett Packard Enterprise spent $547M on share repurchases over the trailing twelve months, and its diluted share count fell 2.6% over the year.
What is Hewlett Packard Enterprise's market cap?
On November 2, 2026, Hewlett Packard Enterprise's market capitalisation was about $68.9B, with a price-to-earnings ratio of 24.7 and net debt of $14B. Market figures come from third-party market data and may be delayed.
Does Hewlett Packard Enterprise pay a dividend?
Yes: Hewlett Packard Enterprise paid $739M in dividends over the trailing twelve months, a dividend yield of 1.09% and a payout ratio of 26.5%.
How much debt does Hewlett Packard Enterprise have?
Hewlett Packard Enterprise's debt-to-equity ratio is 76.4%, from its latest balance sheet (50.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Hewlett Packard Enterprise's competitors?
In our Technology Hardware, Storage & Peripherals peer group, the companies closest to Hewlett Packard Enterprise are Supermicro, HP Inc., Sandisk, Western Digital and Seagate Technology. The side-by-side comparison below sets their revenue, margins and growth against Hewlett Packard Enterprise's.
Are insiders buying or selling Hewlett Packard Enterprise stock?
Over the last 12 months, Hewlett Packard Enterprise's directors and officers reported 0 open-market purchases and 33 sales on Form 4. The insider trading page charts every trade.
When is Hewlett Packard Enterprise's next earnings date?
Around December 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hewlett Packard Enterprise announces its own schedule.