Hewlett Packard Enterprise (HPE) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jun 02, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.53

Last Year’s EPS

0.38

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 11 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Mar 09, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call emphasized strong operational execution and several clear wins: robust top-line growth (driven primarily by Networking and the Juniper integration), record non-GAAP EPS, solid free cash flow, growing GreenLake traction, a sizable AI backlog and clear progress on cost and synergy programs. Those positives were balanced against material industry headwinds—particularly severe memory/NAND shortages and sustained price inflation—which are constraining supply, pressuring product costs, and forcing the company to prioritize higher‑margin orders (affecting near-term Cloud & AI revenue growth and creating uneven AI revenue timing). On balance, HPE presented credible mitigation actions, raised its fiscal outlook, and demonstrated margin and cash flow resilience, so the overall tone is constructive despite meaningful near-term risks.

Company Guidance

HPE raised its fiscal 2026 outlook after a strong Q1 (revenue $9.3B, +18% YoY; non‑GAAP EPS $0.65 record; GAAP EPS $0.31; free cash flow $708M; gross margin 36.6%; operating margin 12.7%), and updated FY‑26 guidance to non‑GAAP EPS $2.30–$2.50 (up $0.05), GAAP EPS $1.02–$1.22 (up $0.40), OI&E $540–$590M, and free cash flow at least $2.0B (vs. prior $1.7–$2.0B); Networking (Q1 revenue ~$2.7B) is now ~30% of revenues and >50% of operating profits, with FY Networking growth guided to 68–73% reported (mid‑ to high‑single‑digit normalized), Q1 Networking margin 23.7% and full‑year margin targeted in the low‑20s%; HPE now targets $1.7B–$1.9B cumulative networks‑for‑AI orders by FY‑end; Cloud & AI revenue was lowered to mid‑ to high‑single digits with segment operating margin expected ~7–9%; near‑term/look‑ahead: Q2 revenue $9.6B–$10.0B, Q2 EPS $0.51–$0.55 (GAAP $0.09–$0.13); other metrics cited include AI Systems backlog $5B and Q1 AI Systems orders $1.2B, Alletra MP orders +42%, GreenLake ~50,000 customers and ARR on track to $3.5B, inventory $6.9B, pro‑forma net leverage improved to 2.6x, and $190M dividends + $158M share repurchases in Q1.

Strong Q1 Financial Performance

Revenue of $9.3 billion, up 18% year-over-year; record non-GAAP EPS of $0.65 (well above the high end of guidance); gross margin improved to 36.6% and operating margin was 12.7%; strong free cash flow of $708 million in Q1 (seasonally notable as Q1 is typically a cash outflow).

Networking Segment Outperformance

Networking revenue grew 152% reported (7% on a normalized basis), now ~30% of HPE revenue and more than half of operating profits; Networking operating margin of 23.7%; orders grew faster than revenue (orders up low-double-digits normalized); data center switching orders increased mid-40% (normalized) and routing orders mid-20% (normalized); targeting $1.7B–$1.9B cumulative networks-for-AI orders by end of FY'26; WiFi 7 access point sales increased >10x and devices connected to Mist/Aruba Central up 28%.

GreenLake and ARR Momentum

Approaching 50,000 customers on the GreenLake platform; ARR on track to reach the $3.5 billion FY'26 target driven by strong subscription services across networking, storage and cloud software/services.

AI Systems Backlog and Order Momentum

Record AI Systems backlog of $5.0 billion entering Q2; Q1 AI Systems orders of $1.2 billion (largely enterprise-driven) and a pipeline reported to be multiples of backlog—supporting enterprise and sovereign adoption of on-prem AI.

Storage and Financial Services Strength

Alletra MP storage orders up 42% in Q1 (fifth consecutive quarter of double-digit YoY growth); storage revenue up modestly and private cloud strength noted; HPE Financial Services delivered record return on equity of 27% and contributed to customer financing/recertified hardware offerings during the commodity cycle.

Juniper Integration, Cost Programs and Capital Efficiency

Phase 1 of Juniper integration complete and sales Day 1 executed (merged Juniper and Aruba sales teams); Catalyst savings and Juniper synergies tracking to plan; pro forma net leverage improved from 3.1x to 2.6x; raised FY'26 non-GAAP EPS outlook to $2.30–$2.50 and increased FY'26 free cash flow outlook to at least $2.0 billion.

Hewlett Packard Enterprise (HPE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HPE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jun 02, 2026	2026 (Q2)	0.53 / -	0.38	―	―	―
Mar 09, 2026	2026 (Q1)	0.59 / 0.65	0.49	32.65% (+0.16)
Dec 04, 2025	2025 (Q4)	0.58 / 0.62	0.58	6.90% (+0.04)
Jul 31, 2025	2025 (Q3)	0.42 / 0.44	0.5	-12.00% (-0.06)	―	―
Jun 04, 2025	2025 (Q2)	0.35 / 0.38	0.42	-9.52% (-0.04)
Mar 06, 2025	2025 (Q1)	0.50 / 0.49	0.48	2.08% (+0.01)
Dec 05, 2024	2024 (Q4)	0.56 / 0.58	0.52	11.54% (+0.06)
Sep 04, 2024	2024 (Q3)	0.47 / 0.50	0.49	2.04% (+0.01)
Jun 04, 2024	2024 (Q2)	0.39 / 0.42	0.52	-19.23% (-0.10)
Feb 29, 2024	2024 (Q1)	0.46 / 0.48	0.63	-23.81% (-0.15)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HPE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 09, 2026	$21.67	$20.96	-3.25%
Dec 04, 2025	$22.62	$23.04	+1.87%
Jul 31, 2025	$20.33	$19.46	-4.26%
Jun 04, 2025	$17.40	$17.32	-0.45%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.